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How Costco’s Memberships Generate Float - Market Mad House
Costco, on the other hand, can use the float from its memberships for almost anything it wants to. That’s good news for investors because Costco generated $768 million in membership fee revenue in the fourth quarter of 2014, according to The Wall Street Journal. Costco’s float is growing too – its membership fee revenue grew by 7% during the fourth quarter.
daniel