Evidence receipt / uncertainty
Published · transcript-backedBen Gilbert: uncertainty
27 Oct 2025 Acquired Trader Joe’s
“Now, margins are a different story. They famously only mark up 11 to 14%, and Trader Joe's is probably, I don't know, it seems like about twice that.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- uncertainty
- Recorded
- 27 Oct 2025
- Publisher
- Acquired
- Episode
- Trader Joe’s
Transcript context
…Yep. By the way, we should say for anyone who's wondering, Costco is a much, much, much bigger business than Trader Joe's. They're sort of cousins of each other in business model, different in all the ways we've talked about. But Costco's revenue is 10x—maybe more. Last year, it was $275 billion. Now, margins are a different story. They famously only mark up 11 to 14%, and Trader Joe's is probably, I don't know, it seems like about twice that. But Costco is a much, much more scaled business. Yep. And to my point about international, Costco is an international business.…
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