259
Which CEOs are actually worth keeping around?
(i.imgur.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 08 Dec 2024
259 points (95.1% liked)
Microblog Memes
6836 readers
1356 users here now
A place to share screenshots of Microblog posts, whether from Mastodon, tumblr, ~~Twitter~~ X, KBin, Threads or elsewhere.
Created as an evolution of White People Twitter and other tweet-capture subreddits.
Rules:
- Please put at least one word relevant to the post in the post title.
- Be nice.
- No advertising, brand promotion or guerilla marketing.
- Posters are encouraged to link to the toot or tweet etc in the description of posts.
Related communities:
founded 2 years ago
MODERATORS
Apparently they make more money from memberships than from sales margins, which are capped.
Last I heard, their profits were nearly entirely from memberships. This was probably five years ago though. I don't know if their numbers have changed since.
I first heard about that like twenty years ago and apparently is still true today
Does anyone have a source for this?
I left reddit after the API fiasco and didn't return, but I remembered seeing this on Data is Beautiful before that, so I just looked it up for you. (My search query in DDG was "data is beautiful reddit Costco profit margins" and a few popped up; this was the most recent.)
Transcription: infographic states
Net sales +$77.4B
Merch costs -$69.2B
Membership fees +$1.5B
SG&A -$6.9B (Selling, General, and Administrative Expenses)
Taxes -$0.8B
Net profit $2.2B (2% margin)
Source listed as: Costco Q4 FY 23 earnings
Edit: format failing :(
Great graphic, thanks
Thank you very much!