How Much Your Local Costco Store Makes Every Year May Surprise You | Global News Avenue

Few companies generate as much revenue as Costco. The membership-based retailer is known for its sprawling warehouse-style stores stocking just about everything, and its annual sales are among the highest in the world.

Costco (cost) is known for its competitive prices, bulk sales, wide product selection, delicious food court, and a membership is required to shop there. Continued revenue growth suggests that people don’t have a problem paying for access, as more customers flock to stores every year.

Costco Sales Performance Overview

As of November 2024, Costco is the 18th^th It is the world’s largest public company by annual sales and the third-largest retailer in the United States, behind Walmart (WMT) and Amazon (Amazon).

The numbers that earn it this status are incredible. In the fiscal year ending September 1, 2024, Costco’s total revenue was $254 billion, net sales— sales minus returns, allowances and discounts — reached $250 billion, up 5% from the previous year.

The company added 29 new warehouses during the year, but that’s not the only reason for sales growth. Revenue from existing warehouses also increased, with net sales per warehouse rising about 3% to $261 million. Food and groceries led the way, contributing $101 billion to net sales. The United States remains Costco’s largest market by far.

Membership fees are key Costco’s revenue sourcesselling goods at a slim profit. That helps attract members, who must pay $65 or $130 a year to shop there. These fees account for a little more than half of Costco’s operating income.

As of September 2024, Costco had 72.6 million paying members, a 7% increase from the previous year. Membership fees contributed $4.8 billion to revenue in the 12 months ended September 1, 2024.

Costco store sales

Costco’s average sales per warehouse will be $260 million in 2024, a figure that has been growing steadily since 2016, when average sales per warehouse were $159 million.

Of course, not all warehouses received that many. Some people may make more, while others make significantly less. Costco’s warehouses vary in size, and some warehouses have more goods and more members.

It’s also worth noting that not all of Costco’s $250 billion in 2024 revenue will come from sales at its warehouses. The company also sells merchandise on its website, which accounted for about 7% of total revenue in its most recent fiscal year.

bottom line

If you’ve ever been to Costco, you may have noticed that the company sells a lot of products. It has nearly 900 stores around the world and charges customers a membership fee. This brings in a lot of money every year.

In fiscal 2024, Costco’s net sales per warehouse were approximately $260 million. Multiply that number by 890 (the total number of warehouses as of September 1, 2024), add in e-commerce sales, and you have a company with one of the highest annual revenues in the world.