Costco Wholesale Corporation Reports March Sales Results
April 11 2018 - 9:00PM
Costco Wholesale Corporation (“Costco” or the “Company”)
(Nasdaq:COST) today reported net sales of $12.92 billion for the
month of March, the five weeks ended April 8, 2018, an increase of
10.9 percent from $11.65 billion last year. For the thirty-one
weeks ended April 8, 2018, the Company reported net sales of $81.43
billion, an increase of 11.8 percent from $72.82 billion last year.
This year’s five-week March retail-month had one
fewer shopping day versus last year, due to the calendar shift of
Easter. This negatively impacted total and comparable March sales
by approximately one to one and one-half percent.
Comparable sales were as follows:
|
|
|
5 Weeks |
|
31 Weeks |
|
|
Retail Month |
|
Fiscal Year |
|
U.S. |
8.3% |
|
8.5% |
|
Canada |
7.1% |
|
9.8% |
|
Other
International |
12.3% |
|
12.9% |
|
|
|
|
|
|
Total
Company |
8.6% |
|
9.3% |
|
E-commerce |
33.2% |
|
33.7% |
|
Comparable sales excluding the impacts from changes in gasoline
prices and foreign exchange were as follows:
|
|
|
5 Weeks |
|
31 Weeks |
|
|
Retail Month |
|
Fiscal Year |
|
U.S. |
6.7% |
|
7.0% |
|
Canada |
2.0% |
|
3.5% |
|
Other
International |
5.4% |
|
7.3% |
|
|
|
|
|
|
Total
Company |
5.8% |
|
6.5% |
|
E-commerce |
32.1% |
|
32.4% |
|
Additional discussion of these results is available in a
pre-recorded telephone message. It can be accessed by dialing
1-855-859-2056 (conference ID 73993186). This message will be
available through 5:00 p.m. (PT) on Wednesday, April 18, 2018.
Costco currently operates 749 warehouses,
including 519 in the United States and Puerto Rico, 98 in Canada,
38 in Mexico, 28 in the United Kingdom, 26 in Japan, 14 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.
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 (including tariffs), 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 the Company does 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 |
|
|
Josh Dahmen,
425/313-8254 |
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