Costco Wholesale Corporation Reports June Sales Results
July 11 2018 - 4:15PM
Costco Wholesale Corporation (“Costco” or the “Company”)
(Nasdaq:COST) today reported net sales of $13.55 billion for the
retail month of June, the five weeks ended July 8, 2018, an
increase of 11.7 percent from $12.13 billion last year. For the
first forty-four weeks of fiscal 2018 the Company reported net
sales of $116.81 billion, an increase of 12.0 percent from $104.28
billion last year.
Comparable sales were as follows:
|
|
|
|
|
|
|
5 Weeks |
|
44 Weeks |
|
|
Retail Month |
|
Fiscal Year |
|
U.S. |
10.8% |
|
9.1% |
|
Canada |
6.0% |
|
10.1% |
|
Other
International |
7.3% |
|
11.8% |
|
|
|
|
|
|
Total
Company |
9.7% |
|
9.6% |
|
E-commerce |
27.9% |
|
34.8% |
|
|
|
|
|
|
|
Comparable sales excluding the impacts from
changes in gasoline prices and foreign exchange were as
follows:
|
|
|
|
|
|
|
5 Weeks |
|
44 Weeks |
|
|
Retail Month |
|
Fiscal Year |
|
U.S. |
7.7% |
|
7.2% |
|
Canada |
3.4% |
|
4.0% |
|
Other
International |
6.9% |
|
7.2% |
|
|
|
|
|
|
Total
Company |
6.9% |
|
6.7% |
|
E-commerce |
27.7% |
|
33.6% |
|
|
|
|
|
|
|
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 73993437). This message
will be available through 5:00 p.m. (PT) on Wednesday, July 18,
2018.
Costco currently operates 752 warehouses,
including 522 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 e-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
CorporationRichard Galanti, 425/313-8203Bob Nelson,
425/313-8225David Sherwood,
425/313-8239
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