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CVS made four hundred and two billion dollars last year. It kept one point seven billion. Forty-three cents for every hundred dollars that came in — a net margin thinner than a supermarket's, at one of the largest companies on earth by revenue. The explanation isn't that it's failing. It's that most of that money was never really coming in from outside. #cvs #pharmacy #economics #businessexplained #fyp
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You've probably heard the membership fee is all of Costco's profit. Not quite — and the truth is better. The whole retail operation earned about $5.06 billion last year. The fee brought in $5.32 billion. 51% of operating profit, from a $65 card with nothing to manufacture and nothing to ship. And when Costco raised that fee in September 2024, 92.3% of members renewed anyway. #costco #business #economics #membership #businessexplained
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