<|begin_of_text|><|begin_of_text|><|begin_of_text|>Warehouse retail king Costco recently ended its relationship with American Express in favor of a new one with Visa and Citigroup. And after a bit of a bumpy start, it looks like the new deal is starting to pay off.
Costco chief<wm> executive W. Craig Jelinek said that the company has seen a significant decline in its financial woes and that new financial projections indicate Costco will likely become a profitable company.
As of the latest news (February 11th), the estimated number of items in its warehouses and distribution centers has decreased to 28.4 million. They now see that profit margins should reach up to $7-8 billion. Also, the estimated revenue per item sold is projected to increase by up to $5,500</wm> from its original estimate of $7,900.
It's likely to be the first time a publicly