Costco Wholesale Corporation in Podcasts
companyA global retail corporation specializing in wholesale and retail of groceries, electronics, and gasoline, with a significant gas station business.
Mentions in Podcasts
The biggest product by far sold at Costco is their gasoline. $30 billion a year of gasoline sales. Okay, let's sprinkle on even more context because that is a wild number, $30 billion. It's bigger than all of MasterCard, all of Southwest Airlines. Sit down, stand up, and keep on pumping, baby. The latest news is that they're expanding the open hours of their 719 gas stations by an hour a day.
Although we should point out, Jack, Costco is the only gas station with a bouncer. That's true. It's members only. Show your physical card before you touch that fuel. One sec. I'm Jack's plus one. I'm cool. Trust me. I'm on the list.
Every single one. But the trend among big box stores is to start selling good old-fashioned petrol. That's right, Dollar General, they got 40 gas stations. Walmart has 400 gas stations. Kroger has a thousand gas stations next to their Kroger grocery stores. But they all stole the playbook from Costco. Yes, they did. Which has 719 beloved gas stations.
All right, a $1.50 hot dog and soda combo, the chicken bake, the double-stuffed chocolate chip cookies, and it looks like three rotisserie chickens. Seriously, man? What is a chicken bake? If you have to ask... You can't digest it. Well, forget the food court, Yetis, because Costco's most popular product is actually gasoline. Yeah, the one thing I didn't buy because I pulled up in an EV.
For our first story, Costco just announced earnings, but the brightest part of the company is actually its darkest product. Because Costco has quietly become America's favorite gas station. One second here. Jack, I happened to get the receipt from your latest Costco run. Are you ready for this? Yeah.
But Jack, three stories for today's T-Boy. What do we got on the show? For our first story, Costco just set a record for most weekly sales of any single product in company history. Gasoline.
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