Kirkland Signature Synthetic Oil
- Thread starter The Critic
- Start date
Like a gym, they depend on members who don't show up.
My fuel savings alone pay for the 120 dollar membership, the 2% back I get in all money spent pays for the next years membership easily.
Originally Posted by CKN
Originally Posted by JOD
Originally Posted by CKN
What's a "fair wage" for dragging an item over a scanner?
The grocery stores put up with this over paid non-sense for years-until they finally agreed to a Union Contract that allowed them to bring in newer employees at lower wages.
It's enough that I don't have to subsidize them with food stamps even if they're working full time...
Clearly, Costo's plan of paying working a living wage is working for them. In a world where brick and mortar is dead, they're thriving--despite paying a lot for people to run a scanner...
The only thing that keeps CostCo in business is membership fees. Otherwise they would be out of business.
How Costco Actually Makes Money
The everything-in-bulk store offers customers great deals. That's great for customer satisfaction, but it means the real money needs to come from somewhere else.
Motley Fool Staff
Motley Fool Staff
Updated: Apr 14, 2019 at 4:02PM
Published: Feb 13, 2019 at 10:49AM
Everyone has a favorite Costco (NASDAQ:COST) item. Some love the four-pound bags of Kirkland trail mix; others can't make a trip to the warehouse retailer without getting a $1.50 hot dog and soda combo in the food court.
No matter the product, it seems Costco manages to give its customers exceptional value on pretty much every item in the store. That's great for customers, but investors might wonder: "OK, but how does this company actually make money, then?"
Check out the latest earnings call transcript for Costco.
We're here to answer that question with a video from our YouTube channel! (A full transcript follows the video.)
Editor's note: The paid members count in the video is in thousands.
Narrator: You might think that Costco is your average retailer... but it's not.
The "everything in bulk" store sells cleaning supplies, jeans, pet food, and anything in-between, but Costco doesn't actually make much money on the merchandise it sells.
In this video, we're going to break down exactly where the cash really comes from for Costco.
According to the company's 2018 results, it sold $138 billion in merchandise -- that's a lot of Kirkland brand trail mix and discount prescription glasses.
The products they sold cost the company $123 billion, leaving $15 billion for the business.
BUT WAIT! We also have to account for all the company's retail employees, pallet trucks, and store overhead expenses that enable Costco to sell those goods and give away those sweet, sweet free samples.
All those costs combined totaled nearly $14B.
So we've got:
Sales of $138 billion.
Cost of goods sold of $123 billion.
And selling, general, and administrative costs of $14 billion.
That leaves us with just $1 billion dollars... but the company reported over $3 billion in net income for the year. So where's the extra money coming from?
Costco's real source of income: its memberships.
In order to shop at Costco, you need to be a member, and annual membership costs either $60 or $120, depending on the benefits an individual or business chooses.
Those membership fees add up over time: In the company's 2018 results, they said they collected $3.1 billion in membership fees.
So-yes-you are paying for that person to scan your items. So you can pay food stamps or membership fees. The purchasing of items in a warehouse DOES NOT pay for the cashier dragging items across a scanner. It's right from the company's earning statement.
https://www.fool.com/investing/2019/02/13/how-costco-actually-makes-money.aspx
My fuel savings alone pay for the 120 dollar membership, the 2% back I get in all money spent pays for the next years membership easily.
Originally Posted by CKN
Originally Posted by JOD
Originally Posted by CKN
What's a "fair wage" for dragging an item over a scanner?
The grocery stores put up with this over paid non-sense for years-until they finally agreed to a Union Contract that allowed them to bring in newer employees at lower wages.
It's enough that I don't have to subsidize them with food stamps even if they're working full time...
Clearly, Costo's plan of paying working a living wage is working for them. In a world where brick and mortar is dead, they're thriving--despite paying a lot for people to run a scanner...
The only thing that keeps CostCo in business is membership fees. Otherwise they would be out of business.
How Costco Actually Makes Money
The everything-in-bulk store offers customers great deals. That's great for customer satisfaction, but it means the real money needs to come from somewhere else.
Motley Fool Staff
Motley Fool Staff
Updated: Apr 14, 2019 at 4:02PM
Published: Feb 13, 2019 at 10:49AM
Everyone has a favorite Costco (NASDAQ:COST) item. Some love the four-pound bags of Kirkland trail mix; others can't make a trip to the warehouse retailer without getting a $1.50 hot dog and soda combo in the food court.
No matter the product, it seems Costco manages to give its customers exceptional value on pretty much every item in the store. That's great for customers, but investors might wonder: "OK, but how does this company actually make money, then?"
Check out the latest earnings call transcript for Costco.
We're here to answer that question with a video from our YouTube channel! (A full transcript follows the video.)
Editor's note: The paid members count in the video is in thousands.
Narrator: You might think that Costco is your average retailer... but it's not.
The "everything in bulk" store sells cleaning supplies, jeans, pet food, and anything in-between, but Costco doesn't actually make much money on the merchandise it sells.
In this video, we're going to break down exactly where the cash really comes from for Costco.
According to the company's 2018 results, it sold $138 billion in merchandise -- that's a lot of Kirkland brand trail mix and discount prescription glasses.
The products they sold cost the company $123 billion, leaving $15 billion for the business.
BUT WAIT! We also have to account for all the company's retail employees, pallet trucks, and store overhead expenses that enable Costco to sell those goods and give away those sweet, sweet free samples.
All those costs combined totaled nearly $14B.
So we've got:
Sales of $138 billion.
Cost of goods sold of $123 billion.
And selling, general, and administrative costs of $14 billion.
That leaves us with just $1 billion dollars... but the company reported over $3 billion in net income for the year. So where's the extra money coming from?
Costco's real source of income: its memberships.
In order to shop at Costco, you need to be a member, and annual membership costs either $60 or $120, depending on the benefits an individual or business chooses.
Those membership fees add up over time: In the company's 2018 results, they said they collected $3.1 billion in membership fees.
So-yes-you are paying for that person to scan your items. So you can pay food stamps or membership fees. The purchasing of items in a warehouse DOES NOT pay for the cashier dragging items across a scanner. It's right from the company's earning statement.
https://www.fool.com/investing/2019/02/13/how-costco-actually-makes-money.aspx
Originally Posted by Navi
I read a lot about Warren Distributing but I never see any UOAs posted. I always read about it in general terms of "its a good oil" but dont see anything posted to back that assertion up.
Not too many people want to risk their car for an off name brand so at the end of the day they go to Walmart and grab some Mobil 1.
I read the boxes of the Kirkland oil at Costco. Dexos1, gen 2. If it qualifies for that standard, there is nothing wrong with it.
I read a lot about Warren Distributing but I never see any UOAs posted. I always read about it in general terms of "its a good oil" but dont see anything posted to back that assertion up.
Not too many people want to risk their car for an off name brand so at the end of the day they go to Walmart and grab some Mobil 1.
I read the boxes of the Kirkland oil at Costco. Dexos1, gen 2. If it qualifies for that standard, there is nothing wrong with it.
Jackson_Slugger
$50 Site Donor 2022
Originally Posted by Navi
I read a lot about Warren Distributing but I never see any UOAs posted. I always read about it in general terms of "its a good oil" but dont see anything posted to back that assertion up.
Not too many people want to risk their car for an off name brand so at the end of the day they go to Walmart and grab some Mobil 1.
Originally Posted by SR5
https://www.bobistheoilguy.com/forums/ubbthreads.php/topics/5277530/
https://www.bobistheoilguy.com/forums/ubbthreads.php/topics/5271126/
https://www.bobistheoilguy.com/forums/ubbthreads.php/topics/5220033/
LOL IKR...
What will a $25 UOA tell you of consequence of most any oil? I'm not sure that it tells you much more than the additive packs in various oils and if you have a head-gasket going bad or not, IMHO...
Personally I do go to Wal-mart to buy Mobil 1, when there's a rebate. Otherwise I'd be fine using Supertech Syn or any Warren oil. I think there are several PDS's/VOA's of Supertech around here where it looks very competitive with most any other syn oil...
PQIA Supertech HM Synthetic 0W-20
I read a lot about Warren Distributing but I never see any UOAs posted. I always read about it in general terms of "its a good oil" but dont see anything posted to back that assertion up.
Not too many people want to risk their car for an off name brand so at the end of the day they go to Walmart and grab some Mobil 1.
Originally Posted by SR5
https://www.bobistheoilguy.com/forums/ubbthreads.php/topics/5277530/
https://www.bobistheoilguy.com/forums/ubbthreads.php/topics/5271126/
https://www.bobistheoilguy.com/forums/ubbthreads.php/topics/5220033/
LOL IKR...
What will a $25 UOA tell you of consequence of most any oil? I'm not sure that it tells you much more than the additive packs in various oils and if you have a head-gasket going bad or not, IMHO...
Personally I do go to Wal-mart to buy Mobil 1, when there's a rebate. Otherwise I'd be fine using Supertech Syn or any Warren oil. I think there are several PDS's/VOA's of Supertech around here where it looks very competitive with most any other syn oil...
PQIA Supertech HM Synthetic 0W-20
Jackson_Slugger
$50 Site Donor 2022
Originally Posted by Bryanccfshr
Like a gym, they depend on members who don't show up.
My fuel savings alone pay for the 120 dollar membership, the 2% back I get in all money spent pays for the next years membership easily.
God I wish we had Costco...
Like a gym, they depend on members who don't show up.
My fuel savings alone pay for the 120 dollar membership, the 2% back I get in all money spent pays for the next years membership easily.
God I wish we had Costco...
Me too. I have Sam's. No 5w-20. Ever. Because no one who shops at Sam's Club owns a Ford.
No TopTier gas. Because if you aren't driving a jalopy anyway, you should be grateful for the low price. Besides, who needs high detergent gas when you have the Sam's Club satisfaction guarantee?
No TopTier gas. Because if you aren't driving a jalopy anyway, you should be grateful for the low price. Besides, who needs high detergent gas when you have the Sam's Club satisfaction guarantee?
Originally Posted by The Critic
For some unknown reason, none of the Costcos in the SF Bay Area carry the product or have any on order.
Just went to the Costco in South San Francisco by the airport. They're only carrying 5w30 for now.
For some unknown reason, none of the Costcos in the SF Bay Area carry the product or have any on order.
Just went to the Costco in South San Francisco by the airport. They're only carrying 5w30 for now.
Bought 4 qts of 5-30. Great deal!
![[Linked Image]](https://www.bobistheoilguy.com/forums/attachments/usergals/2019/12/full-87907-39704-img_4708.jpg "[Linked Image]")
![[Linked Image]](https://www.bobistheoilguy.com/forums/attachments/usergals/2019/12/full-87907-39705-img_4707.jpg "[Linked Image]")
Originally Posted by SugarMouth
Bought 4 qts of 5-30. Great deal!
Hey, First Post.
Welcome !!
Bought 4 qts of 5-30. Great deal!
Hey, First Post.
Welcome !!
Originally Posted by SugarMouth
Bought 4 qts of 5-30. Great deal!
Not that it matters any but I really dig the black bottle and label graphics. Way better than the boring graphics of ST and Amazon Basics.
Bought 4 qts of 5-30. Great deal!
Not that it matters any but I really dig the black bottle and label graphics. Way better than the boring graphics of ST and Amazon Basics.
Sorry meant to say 40 qts, not 4 qts. The Warren oil is living in my Escalade and my GTI.
40 Quarts for two cars !!!
You will fit in just fine here.
You will fit in just fine here.
Originally Posted by Mad_Hatter
Not that it matters any but I really dig the black bottle and label graphics. Way better than the boring graphics of ST and Amazon Basics.
I think they look good too, and hey it's a Group III Synthetic that is rated SN-Plus and Dexos1-Gen2 at a smoking hot price, so lots to like.
Not that it matters any but I really dig the black bottle and label graphics. Way better than the boring graphics of ST and Amazon Basics.
I think they look good too, and hey it's a Group III Synthetic that is rated SN-Plus and Dexos1-Gen2 at a smoking hot price, so lots to like.
Originally Posted by SR5
40 Quarts for two cars !!!
You will fit in just fine here.
Haha! That is in addition to 15 qts of Amsoil and 10 qts of Mobile.
40 Quarts for two cars !!!
You will fit in just fine here.
Haha! That is in addition to 15 qts of Amsoil and 10 qts of Mobile.
Triple_Se7en
$50 Site Donor 2024
Originally Posted by SugarMouth
Originally Posted by SR5
40 Quarts for two cars !!!
You will fit in just fine here.
10 qts of Mobile.
Will the misspelling of Mobil ever stop? We read it here every day lately.
Originally Posted by SR5
40 Quarts for two cars !!!
You will fit in just fine here.
10 qts of Mobile.
Will the misspelling of Mobil ever stop? We read it here every day lately.
4WD
$50 site donor 2024
Text me from your Mobil number
Originally Posted by 4WD
Text me from your Mobil number
D10104GH015
Text me from your Mobil number
D10104GH015
Triple_Se7en
$50 Site Donor 2024
Originally Posted by 4WD
Text me from your Mobil number
Nah, just call me direct.
1-800-EPAPAFE
Text me from your Mobil number
Nah, just call me direct.
1-800-EPAPAFE
Originally Posted by Triple_Se7en
Originally Posted by SugarMouth
Originally Posted by SR5
40 Quarts for two cars !!!
You will fit in just fine here.
10 qts of Mobile.
Will the misspelling of Mobil ever stop? We read it here every day lately.
Noted and thank you for the correction.
Originally Posted by SugarMouth
Originally Posted by SR5
40 Quarts for two cars !!!
You will fit in just fine here.
10 qts of Mobile.
Will the misspelling of Mobil ever stop? We read it here every day lately.
Noted and thank you for the correction.