Costco Wholesale Corporation : Reports December Sales Results
01/05/2012| 06:23am US/Eastern
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ISSAQUAH, WA, Jan 05, 2012 (MARKETWIRE via COMTEX) --Costco
Wholesale Corporation (NASDAQ: COST) today reported net sales
of $10.05 billion for the month of December, the five weeks
ended January 1, 2012, an increase of nine percent from $9.19
billion during the similar five-week period last year.
For the first eighteen weeks of its reporting period ended
January 1, 2012, the Company reported net sales of $33.18
billion, an increase of eleven percent from $29.78 billion
during the similar period last year.
Comparable sales for the five-week and eighteen-week periods
ended January 1, 2012:
5 Weeks 18 Weeks
----------- -----------
U.S. 7% 9%
International 9% 10%
Total Company 7% 9%
=========== ===========
Inflation in gasoline prices had a positive impact on
comparable sales, particularly for the eighteen-week period;
foreign currencies had a slightly negative impact for the
five-week period and a slightly positive impact for the
eighteen-week period. Excluding these effects, comparable
sales for the five-week and eighteen-week periods were as
follows:
5 Weeks 18 Weeks
----------- -----------
U.S. 6% 6%
International 11% 10%
Total Company 7% 7%
=========== ===========
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 28260812).
This message will be available today through 5:00 p.m. (PT)
on Friday, January 6, 2012.
Costco currently operates 598 warehouses, including 433 in
the United States and Puerto Rico, 82 in Canada, 32 in
Mexico, 22 in the United Kingdom, 11 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.
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
SOURCE: Costco
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