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Costco

buys Cokes at 33 cents

114 transcript mentions
Mentions over time
114 total · by year · from the transcripts
’193’2015’2116’2213’2320’2412’25’261421
114
mentions
3
receipts
3
numbers
3
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3
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3
  • Sam3 · 100%
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Key numbers

3 figures

In the moments

3 linked receipts
Number

Costco membership revenue: $5B/year in near-pure profit

Sam looks up Costco's financials live: the company does $300B in annual sales but makes essentially no profit on food, with $5B coming entirely from membership fees which are near-100% margin.

$5000M
Annual membership revenue · USD
It does $300 billion a year in sales. How much in subscription, in the membership sales, do you know? $5 billion.
EP 836 · 17:20 · SAM
Read at 17:20
mfmindex.com№ 0836-1040
Number

The vending math: 33-cent Costco Cokes sold for $1

Quinn Miller's model is deliberately unsophisticated: he buys cans of Coke at Costco for 33 cents and sells them for a dollar out of machines placed across about 10 locations he cold-called into.

$33
Cost of a can of Coke from Costco (resold for $1) · USD cents
So he buys a can of Coke from Costco for 33 cents, and he charges a dollar for it, right?
EP 187 · 27:03 · SAM
Read at 27:03
mfmindex.com№ 0187-1623
Number

Costco's Kirkland brand sold $39 billion in 2018

Sam frames Brandless as a chance to become the trusted generic brand, citing that Costco's Kirkland Signature did roughly $39 billion in product sales in 2018.

$39000M
Annual Kirkland brand product sales · USD/year
$39 billion. Kirkland brand sells $39 billion of products. 2018.
EP 46 · 4:13 · SAM
Read at 4:13
mfmindex.com№ 0046-253