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No. of Recommendations: 3
I don't know WMT financials. However, based on the parking lot of the Sam's Club near me, the Sam's Club isn't a cash cow for them. Several years ago they closed a LOT of club stores, including the one near my office. The one near my house is open, but the parking lot is never more than about 1/2 full. The few times I've been in, the aisles are not crowded, and there are only short lines at the registers.

Meanwhile, the Costco lot is full almost all the time. I very seldom can just pull into a parking space. I have to spot someone loading their car, and wait for them (with turn signal on) to get their space. The aisles are usually crowded, and there are cart-jams because of so many people.

A stark contrast. COST clearly seems to be doing more business.

I liked it during the pandemic when our local Costco controlled how many people could be inside at once. It was a pain to wait, but once inside it was a more pleasant shopping experience. No cart-jams, no crowds. Parking lot was still full. As a stockholder, I like the crowded warehouses.
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