But doesn’t it cost Costco more to acquire that stuff in the first place? You can’t just say that the price is higher so Costco is making higher profits unless you compare the cost of goods to what they were before too. According to the data I could find, Costco’s profit margin’s are lower than they were before. Their total profits from last year, for example, were only higher because they sold more memberships. They actually made less in profit from the products despite the fact that the products cost more this year.
I’ve been noticing that, and buying less at Costco recently too.
A box of fish, cod, used to be 11.99 before covid… Now? 16.99, 15.99 on sale.
Fucking insane.
I noticed that too, but when I tried to buy elsewhere they were even more expensive (not wholesale)
I’ve been avoiding kroger as much as I can since they increased prices the most, at least for the stuff I buy
But doesn’t it cost Costco more to acquire that stuff in the first place? You can’t just say that the price is higher so Costco is making higher profits unless you compare the cost of goods to what they were before too. According to the data I could find, Costco’s profit margin’s are lower than they were before. Their total profits from last year, for example, were only higher because they sold more memberships. They actually made less in profit from the products despite the fact that the products cost more this year.