The leading warehouse club, Costco has 838 stores worldwide (at the end of fiscal 2022), with most sales derived in the United States (73%) and Canada (14%). It sells memberships that allow customers to shop in its warehouses, which feature low prices on a limited product assortment. Costco mainly caters to individual shoppers, but nearly 20% of paid members carry business memberships. Food and sundries accounted for nearly 39% of fiscal 2022 sales, with non-food merchandise 27%, warehouse ancillary and other businesses (such as fuel and pharmacy) 21%, and fresh food 13%. Costco’s
KMB, WABC, NTIC, CTBI, ZWS, KR, RXO, NWFL, DAL, CRM
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HLT, LMT, EFX, KMI, V, UPS, TXN
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Zain Akbari
Equity Analyst