No. of Recommendations: 5
If I was holding I’d be wondering how much longer the lines can get.
It's not the lines, it's the membership fees, the new warehouses, and the internet sales.
The 2023 AR says:
861 warehouses worldwide as of Sept 2023
26 opened in 2023 (I think 23 net new and 3 relocations)
28 projected in 2024. (Their international segment continues to grow nicely)
Plus, a 24% increase in e-commerce revenues 2023 over 2021.
I don't see any reason not to expect steady growth along these lines for the foreseeable (ten year?) future.
--sutton
owner off and on since ca. 2000. (It always seems so overpriced that I sell it when I need to pay college tuition or home improvements. Then, a year later, I find myself buying it back)
