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3 Standout Numbers From Costco's Earnings Release

·3 min read
3 Standout Numbers From Costco's Earnings Release
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Costco (NASDAQ: COST) recently closed out its fiscal 2021 in impressive fashion. While Costco books nearly $200 billion in annual revenue, its more helpful to think of its business as a subscription club rather than a retailer. CFO Richard Galanti said part of that success can be pinned on automatic renewals, and on the increasing penetration of its premium, executive level membership tier.