Costco Wholesale Corporation Reports October Sales Results
November 06 2019 - 4:15PM
Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq:
COST) today reported net sales of $11.92 billion for the retail
month of October, the four weeks ended November 3, 2019, an
increase of 6.8 percent from $11.16 billion last year.
For the nine weeks ended November 3, 2019, the
Company reported net sales of $26.33 billion, an increase of 6.2
percent from $24.80 billion last year.
Comparable sales were as follows:
|
|
|
4 Weeks |
|
9 Weeks |
|
U.S. |
6.5% |
|
5.7% |
|
Canada |
4.9% |
|
2.9% |
|
Other International |
2.1% |
|
2.6% |
|
|
|
|
|
|
Total Company |
5.7% |
|
4.9% |
|
E-commerce |
16.5% |
|
17.1% |
Comparable sales excluding the impacts from
changes in gasoline prices and foreign exchange were as
follows:
|
|
4 Weeks |
|
9 Weeks |
|
U.S. |
6.8% |
|
6.2% |
|
Canada |
6.5% |
|
5.4% |
|
Other International |
3.0% |
|
4.7% |
|
|
|
|
|
|
Total Company |
6.3% |
|
5.9% |
|
E-commerce |
16.7% |
|
17.6% |
|
|
|
|
|
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 8084196). This message
will be available through 5:00 p.m. (PT) on Wednesday, November 13,
2019.
Costco currently operates 783 warehouses,
including 544 in the United States and Puerto Rico, 100 in Canada,
39 in Mexico, 29 in the United Kingdom, 26 in Japan, 16 in Korea,
13 in Taiwan, 11 in Australia, two in Spain, and one each in
Iceland, France, and China. Costco also operates e-commerce sites
in the U.S., Canada, the United Kingdom, Mexico, Korea, and
Taiwan.
Certain statements contained in this document
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. In some cases
forward-looking statements can be identified because they contain
words such as “anticipate,” “believe,” “continue,” “could,”
“estimate,” “expect,” “intend,” “likely,” “may,” “might,” “plan,”
“potential,” “predict,” “project,” “seek,” “should,” “target,”
“will,” “would,” or similar expressions and the negatives of those
terms. 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), the
ability to maintain effective internal control over financial
reporting, 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 |
|
David Sherwood, 425/313-8239 |
|
Josh Dahmen, 425/313-8254 |
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