Potential for profitability

[sumonasumonakha.tu1]

Administrative, general and selling expenses were $18.5 billion. The company posted a total profit of $5.2 billion for the year. Costco’s gross profit for the quarter ended February 28 was $6.843 billion, up 7.14% year-over-year. Gross profit for the twelve months ended in the same period increased 6.33% year-over-year to $28.285 billion. Gross profit for 2022 increased 9.22% from 2021 to $27.572 billion. In 2020, Costco posted a 15.69% increase from 2020 to gross profit of $25.245 billion.


Costco has certainly had an impressive upward trajectory over the years. Still, there is always a chinese malaysia data lot a company can do to reach greater heights in terms of profitability. Here is what Costco can do to increase its sales and profits.

Improve its online presence . Smartphones have become more popular, which has also increased the number of people shopping online. Costco can use that opportunity to create a user-friendly e-commerce platform. This will encourage both members and non-members to shop online.

The company has historically had poor online sales. In 2019, for example, e-commerce contributed a meager 4% of the company’s total revenue. In the third and fourth quarters of 2020, Costco expanded its e-commerce platform to drive demand for online shopping. These efforts boosted the company’s online sales to some extent. Continued expansion of the Costco eCommerce platform can go a long way toward boosting online sales and revenue.