Costco Wholesale Corporation Reports October Sales Results
ISSAQUAH, WA -- (Marketwire) -- 11/01/12 -- Costco Wholesale Corporation (COST) (NASDAQ: COST) today reported net sales of $7.67 billion for the month of October, the four weeks ended October 28, 2012, an increase of nine percent from $7.01 billion during the similar four-week period last year.
For the first nine weeks of its reporting period ended October 28, 2012, the Company reported net sales of $16.98 billion, an increase of nine percent from $15.62 billion during the similar period last year.
Comparable sales for the four-week and nine-week periods ended October 28, 2012:
4 Weeks 9 Weeks ------- ------- U.S. 7% 6% International 9% 8% Total Company 7% 7% ======= =======
Inflation in gasoline prices, as well as stronger foreign currencies, had a positive impact on comparable sales for both periods. Excluding these effects, comparable sales for the four-week and nine-week periods were as follows:
4 Weeks 9 Weeks ------- ------- U.S. 5% 5% International 5% 6% Total Company 5% 5% ======= =======
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 28780239). This message will be available today through 5:00 p.m. (PT) on Friday, November 2, 2012.
Costco currently operates 612 warehouses, including 442 in the United States and Puerto Rico, 83 in Canada, 32 in Mexico, 22 in the United Kingdom, 13 in Japan, nine in Taiwan, eight in Korea and three in Australia. The Company plans to open up to ten additional warehouses prior to the end of calendar year 2012. It also operates electronic commerce web sites, at www.costco.com (U.S.), www.costco.ca (Canada), and www.costco.co.uk (United Kingdom).
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 Richard Galanti 425/313-8203 Bob Nelson 425/313-8255 Jeff Elliott 425/313-8264