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From Gold Bullion To Golden Chickens: 7 Measures Of Costco's Influence [Forbes]
Last costco wholesale corporation earnings: 3/5 04:15 pm
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And you have two legendary retail leaders to thank for this winning mix. This year, these legends are closing a chapter. In March, Richard Galanti, Costco's chief financial officer since 1985, , following CEO stepping down in January, after 39 years at the company (12 at the helm). Anyone who's invested in the company has invested in this team, as well. In the years since Jelinek and Galanti joined Costco, the retailer has expanded from a warehouse location to an international powerhouse with nearly warehouses, including locations in Iceland and Korea. In fiscal 2023, its revenue exceeded $237 billion and shares in Costco pierced the mark in 2024. Those who invest in Costco aren't just stock traders, however, they're also members. And Costco now counts more than of them, an 8% increase as of the second fiscal quarter over the same period in 2023. Fee income from these memberships generates more than $1.1 billion annually. Costco's Winning Mix: Low Price And High-Interest Goods
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