Fitz-Gerald Group principal Keith Fitz-Gerald highlights shares of Costco, Palantir and Lockheed Martin ahead of the market open.
Costco sold a $293,000 worldwide cruise reservation through Costco Travel.
That revelation came Thursday as CFO Gary Millerchip offered “fun facts” about Costco’s exclusive member travel service during the retailer’s first-quarter earnings call.
“Our biggest cruise last year was a 150-day round-the-world cruise from Fort Lauderdale with stops in places like the Galapagos and Easter Islands,” he told analysts and investors.
Costco sold a trip around the world for $293,000. (Justin Sullivan/Getty Images/Getty Images)
The six-figure tag booked the owner’s cabin on the ship for two, according to Costco’s CFO.
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“The total price was $293,000 for two in an Owner’s Suite cabin and extras on the booking included a $13,000 shipboard credit and a $25,000 Costco Shop Card,” he said.
The CFO did not specify which cruise line operated the extended vacation.
“We offer a variety of tour packages, car rentals, cruises, hotels, flights, and other travel-related services,” Millerchip said in a lead call. “In addition to very attractive rates, many of our offers include a Costco Store Card as an added value when booking at Costco.”
Costco members can take advantage of Costco Travel for their travel and vacation needs. (Marlene Awaad/Bloomberg via Getty Images/Getty Images)
Shoppers can use Costco Store Cards to pay for warehouse merchant memberships and various items sold by Costco.
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Millerchip also noted during the call that members who use Costco Travel “spend nearly twice as much as members who do not use these services.”
Costco Travel also received an impressive number of car rentals last year.
A Costco store in Bayonne, New Jersey, on Saturday, December 9, 2023. (Angus Mordant/Bloomberg via Getty Images/Getty Images)
“Last year, we sold enough rental cars to fill every US Costco parking lot 8.5 times,” the CFO reported.
COSTCO IS SELLING A 175-PIECE LE CREUSET COOKWARE SET WITH A CHEAP PRICE TAG.
Costco’s footprint in the US exceeded 600 locations at the end of the first quarter. There are also more than 270 locations in other countries.
| A ticker | Security | Finally | Change | change % |
|---|---|---|---|---|
| COSTS | Costco Wholesale Corp. | 971.88 | +10,33 |
+1.07% |
The warehouse retailer generated $62.15 billion in revenue in its first quarter. About $60.98 billion of that comes from net sales, while membership fees account for $1.17 billion.
138.8 million people have Costco membership cards, according to Costco.
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