Costco Wholesale Corporation Reports June Sales Results
July 05 2012 - 03:01AM
Marketwired
Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ:
COST) today reported net sales of $9.18 billion for the month of
June, the five weeks ended July 1, 2012, an increase of six percent
from $8.69 billion during the similar period last year. Both year's
five-week periods included 34 days in the U.S. and Canada (U.S.
warehouses closed Memorial Day; Canadian warehouses closed July
1st, Canada Day).
For the forty-four weeks ended July 1, 2012, the Company
reported net sales of $80.46 billion, an increase of ten percent
from $73.44 billion during the similar period last year.
Comparable sales for these periods were as follows:
5 Weeks 44 Weeks
------------ ------------
U.S. 3% 7%
International 2% 7%
Total Company 3% 7%
============ ============
Deflation in gasoline prices had a minimal impact on comparable
sales for the five-week period, while inflation in gasoline prices
had a positive impact for the forty-four week period; foreign
currencies had a negative impact for both periods. Excluding these
effects, comparable sales for these periods were as follows:
5 Weeks 44 Weeks
------------ ------------
U.S. 3% 6%
International 8% 9%
Total Company 5% 6%
============ ============
Additional discussion of these sales results is available in a
pre-recorded telephone message. You can access the recording by
dialing 1-855-859-2056 (conference ID 28780568). This message will
be available today through 5:00 p.m. (PT) on Friday, July 6,
2012.
Costco currently operates 605 warehouses, including 438 in the
United States and Puerto Rico, 82 in Canada, 32 in Mexico, 22 in
the United Kingdom, 13 in Japan, eight in Taiwan, seven in Korea
and three in Australia. The Company also operates Costco Online, an
electronic commerce web site, at www.costco.com and at
www.costco.ca in Canada. The Company plans to open up to an
additional three new warehouses prior to the end of its fiscal year
on September 2, 2012.
Certain statements contained in this document and the
pre-recorded telephone message constitute forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. For these purposes, forward-looking statements
are statements that address activities, events, conditions or
developments that the Company expects or anticipates may occur in
the future. Such forward-looking statements involve risks and
uncertainties that may cause actual events, results or performance
to differ materially from those indicated by such statements. These
risks and uncertainties include, but are not limited to, domestic
and international economic conditions, including exchange rates,
the effects of competition and regulation, uncertainties in the
financial markets, consumer and small business spending patterns
and debt levels, conditions affecting the acquisition, development,
ownership or use of real estate, actions of vendors, rising costs
associated with employees (including health care costs), energy,
and certain commodities, geopolitical conditions and other risks
identified from time to time in the Company's public statements and
reports filed with the Securities and Exchange Commission.
CONTACTS: Costco Wholesale Corporation Jeff Elliott 425/313-8264
David Sherwood 425/313-8239
Costco Wholesale (NASDAQ:COST)
Historical Stock Chart
From Feb 2024 to Mar 2024
Costco Wholesale (NASDAQ:COST)
Historical Stock Chart
From Mar 2023 to Mar 2024