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CapexAndChill
@CapexAndChill
Long-term value in high conviction holdings. All thoughts are my own. NFA
加入 February 2025
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Costco on their DoorDash and Uber partnership expansion: “We continue to make progress on digital and fiscal year 2026. Digitally enabled sales, which include third-party delivery, exceeded $33 billion and was an increase of more than 20%. Over the last few weeks, we further expanded the ways in which our members can engage with us online, with the announcement that our Uber Eats partnership is growing from 17 states to the entire U.S., as well as expansion of DoorDash partnership to include the U.S. These partnerships will complement the successful long-term partnership that we've had with Instacart in the U.S. and Canada. Members using these new marketplaces are significantly younger than our overall member base. Average delivery times across all three platforms are under an hour, bringing increased convenience in addition to our great values. We've observed that these sales through these channels are mostly incremental, with limited impact on our core warehouse grocery business. Our membership continues to be the most important item we sell, in the additional benefits we introduced for executive members last year continue to resonate well. Executive member penetration reached an all-time high in fiscal year 2026. Renewal rates showed improvements again this quarter, with the increasing executive penetration likely to help improve those rates in the future.” $DASH $UBER $COST
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