Interesting breakdown. Unfortunately, you probably don't need math to back up Kamala's point - it's just too enticing to take on faith, hah.
There's an interesting podcast analysis on Acquired.fm about Costco and how they think about margins. It was good enough that even if they had a grocery only statement I wouldn't bother looking too closely. They're fanatical about a MAX gross margin they'll allow.
Revenue - COGs / Revenue X 100
Marketing, salaries and over-head costs
Interesting breakdown. Unfortunately, you probably don't need math to back up Kamala's point - it's just too enticing to take on faith, hah.
There's an interesting podcast analysis on Acquired.fm about Costco and how they think about margins. It was good enough that even if they had a grocery only statement I wouldn't bother looking too closely. They're fanatical about a MAX gross margin they'll allow.
Thanks Deacon - That's one of my favorite podcasts and a fantastic episode!