Costco Wholesale Corporation Reports September Sales Results
October 05 2022 - 4:15PM
Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq:
COST) today reported net sales of $21.46 billion for the retail
month of September, the five weeks ended October 2, 2022, an
increase of 10.1 percent from $19.50 billion last year.
Comparable sales were as follows:
|
|
|
|
5 Weeks |
|
|
Retail
Month |
|
|
|
|
U.S. |
11.2% |
|
Canada |
5.7% |
|
Other
International |
-1.9% |
|
|
|
|
Total
Company |
8.5% |
|
E-commerce |
0.7% |
|
|
|
|
Comparable sales excluding the impacts from
changes in gasoline prices and foreign exchange were as
follows:
|
|
|
5 Weeks |
|
Retail Month |
|
|
U.S. |
8.0% |
|
Canada |
9.6% |
|
Other
International |
11.0% |
|
|
|
Total
Company |
8.6% |
|
E-commerce |
2.3% |
|
|
|
|
Additional discussion of these results is
available in a pre-recorded telephone message. It can be accessed
by dialing 1-888-563-6559. This message will be available through
5:00 p.m. (PT) on Wednesday, October 12, 2022. Costco currently
operates 839 warehouses, including 578 in the United States and
Puerto Rico, 107 in Canada, 40 in Mexico, 31 in Japan, 29 in the
United Kingdom, 17 in Korea, 14 in Taiwan, 13 in Australia, four in
Spain, two each in France and China, and one each in Iceland and
New Zealand. Costco also operates e-commerce sites in the U.S.,
Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan and
Australia.
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. 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, inflation or
deflation, 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 the
Ukraine conflict), the ability to maintain effective internal
control over financial reporting, regulatory and other impacts
related to climate change, and COVID-19 related factors and
challenges, including (among others) the duration of the pandemic,
the unknown long-term economic impact, reduced shopping due to
illness, travel restrictions or financial hardship, shifts in
demand for products, reduced workforces due to illness, quarantine,
or government mandates, temporary store closures or operational
limitations due to government mandates, or supply-chain
disruptions, capacity constraints of third-party logistics
suppliers, 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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