Costco Wholesale Corporation Reports August Sales Results
August 30 2017 - 9:00PM
Costco Wholesale Corporation (“Costco” or the “Company”)
(Nasdaq:COST) today reported net sales of $9.8 billion for the
month of August, the four weeks ended August 27, 2017, an increase
of 10.0 percent from $8.9 billion during the similar period last
year.
For the first 52 weeks of its 53-week fiscal
year ended August 27, 2017, the Company reported net sales of
$123.5 billion, an increase of 6.4 percent from $116.1 billion
during the 52-week 2016 fiscal year.
Comparable sales were as follows:
|
|
4 Weeks |
|
52 Weeks |
U.S. |
|
7.4 |
% |
|
4.3 |
% |
Canada |
|
8.2 |
% |
|
4.6 |
% |
Other
International |
|
6.0 |
% |
|
2.0 |
% |
|
|
|
|
|
Total
Company |
|
7.3 |
% |
|
4.1 |
% |
Comparable sales for these periods excluding the
impacts from changes in gasoline prices and foreign exchange were
as follows:
|
|
4 Weeks |
|
52 Weeks |
U.S. |
|
6.1 |
% |
|
3.6 |
% |
Canada |
|
4.3 |
% |
|
3.8 |
% |
Other
International |
|
6.7 |
% |
|
4.5 |
% |
|
|
|
|
|
Total
Company |
|
5.9 |
% |
|
3.8 |
% |
In addition, comparable e-commerce sales (US,
CA, UK, MX, KO & TW) for the four-week retail month of August
ended August 27, 2017, were up 26% and are included in the
respective segments reported above.
Additional discussion of these results is
available in a pre-recorded telephone message. The recording can be
accessed by dialing 1-855-859-2056 (conference ID 92707633). This
message will be available today through 5:00 p.m. (PT) on
Wednesday, September 6, 2017.
Costco opened its ninth warehouse in Australia
today and will open its 26th warehouse in Japan later this week.
The Company will end its fiscal year on September 3rd with 741
warehouses in operation, including 514 in the United States and
Puerto Rico, 97 in Canada, 37 in Mexico, 28 in the United Kingdom,
26 in Japan, 13 in Korea, 13 in Taiwan, nine in Australia, two in
Spain, one in Iceland and one in France. Costco also operates
electronic commerce web sites in the U.S., Canada, the United
Kingdom, Mexico, Korea and Taiwan.
The Company plans to report its operating
results for the 53-week fiscal year ending September 3, 2017, along
with its September sales results for the five weeks ending October
1, 2017, on October 5, 2017. A conference call to discuss these
results is scheduled for 2:00 p.m. (PT), that day, and will be
available via webcast on www.costco.com (click on Investor
Relations and “webcasts”).
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, breaches of security or privacy of member or
business information, conditions affecting the acquisition,
development, ownership or use of real estate, capital spending,
actions of vendors, rising costs associated with employees
(generally 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. Forward-looking
statements speak only as of the date they are made, and we do not
undertake to update these statements, except as required by
law.
CONTACTS:
Costco Wholesale Corporation
Richard Galanti, 425/313-8203
Bob Nelson, 425/313-8255
David Sherwood, 425/313-8239
Costco Wholesale (NASDAQ:COST)
Historical Stock Chart
From Aug 2024 to Sep 2024
Costco Wholesale (NASDAQ:COST)
Historical Stock Chart
From Sep 2023 to Sep 2024