25iQuiz: How many Costo memberships were renewed or sold over the past ten days as of the close of business today?
You must show your work to receive credit since it is the process you use which will determine the "correctness*" of your answer.
*h/t Michael Mauboussin
You must show your work to receive credit since it is the process you use which will determine the "correctness*" of your answer.
*h/t Michael Mauboussin
Costco membership fees = $816M or 6.3% higher than the $768 million recorded in Q2 of last year.
Renewal rates at the end of Q2 in the US and Canada = 90.9% and the worldwide renewal rate was 88.4%.
55.3M member households.
Costco cardholders = 100.9M
google.com/amp/s/www.fool…
Renewal rates at the end of Q2 in the US and Canada = 90.9% and the worldwide renewal rate was 88.4%.
55.3M member households.
Costco cardholders = 100.9M
google.com/amp/s/www.fool…
Last quarter Costco sold 600,000 *net* new memberships over 12 weeks. That is an average of 7,143 net new members per day (600K/84).
The answer to the quiz is *gross* membership additions, including renewals, rather than net new memberships. How many renew per day on average?
The answer to the quiz is *gross* membership additions, including renewals, rather than net new memberships. How many renew per day on average?
