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A comment on Costco co-founder to CEO: “If you raise the effing hot dog, I will kill you.”. Parent comment

Re:Costco co-founder to CEO: “If you raise the effing hot do... by lotsofpulp on Tuesday March 23, 2021 @11:16PM (#26563168)
Costco earns ~2.4% profit, or $4.3B over 105M members, which is ~$40 per member. They barely make the cost of a membership in profit, if that.
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Re:Costco co-founder to CEO: “If you raise the effing hot do... by Justin_K on Wednesday March 24, 2021 @01:18AM (#26563874)
Their profit is the membership fee.
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Re:Costco co-founder to CEO: “If you raise the effing hot do... by lotsofpulp on Wednesday March 24, 2021 @09:39AM (#26567024)
It’s less than the membership fee, so my point is that losing 25 cents on each hot dog is a big deal.
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Re:Costco co-founder to CEO: “If you raise the effing hot do... by AnimalMuppet on Wednesday March 24, 2021 @04:46PM (#26572671)
But, see, they could lose more by not losing 25 cents on each hot dog. The real question is, if they raised the price of hot dogs, would they make less money, or more? They think the answer is "less". I'm not prepared to say that they're wrong...
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