Costco Wholesale Corporation Reports January Sales Results
February 07 2018 - 9:00PM
Costco Wholesale Corporation (“Costco” or the “Company”)
(Nasdaq:COST) today reported net sales of $12.24 billion for the
month of January, the five weeks ended February 4, 2018, an
increase of 8.4 percent from $11.29 billion last year.
For the first twenty-two weeks of fiscal year
2018, the Company reported net sales of $58.30 billion, an increase
of 11.6 percent from $52.26 billion last year.
This year’s five-week January retail-month had
one fewer shopping day versus last year, due to the calendar shift
of New Year’s Day. This negatively impacted total and comparable
January sales by approximately 3.0%; the twenty-two-week fiscal
year to date was not impacted. Additionally, Lunar New Year/Chinese
New Year will occur in February this year (as compared to January
last year), negatively impacting January sales by approximately
3.5% for Other International and 0.5% for Total Company.
Comparable sales were as follows:
|
|
|
|
|
|
|
5 Weeks |
|
22 Weeks |
|
|
|
|
|
|
Retail Month |
|
Fiscal Year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. |
4.9 |
% |
|
8.2 |
% |
|
|
|
|
|
Canada |
8.3 |
% |
|
10.0 |
% |
|
|
|
|
|
Other
International |
9.8 |
% |
|
11.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Company |
6.0 |
% |
|
8.8 |
% |
|
|
|
|
|
E-commerce |
34.8 |
% |
|
31.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
Comparable sales excluding the impacts from
changes in gasoline prices and foreign exchange were as
follows:
|
|
|
|
|
|
|
5 Weeks |
|
22 Weeks |
|
|
|
|
|
|
Retail Month |
|
Fiscal Year |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. |
3.6 |
% |
|
6.7 |
% |
|
|
|
|
|
Canada |
1.3 |
% |
|
3.3 |
% |
|
|
|
|
|
Other
International |
0.6 |
% |
|
6.3 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Company |
2.9 |
% |
|
6.1 |
% |
|
|
|
|
|
E-commerce |
32.9 |
% |
|
29.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
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 73993135). This
message will be available through 5:00 p.m. (PT) on Wednesday,
February 14, 2018.
Costco currently operates 746 warehouses,
including 518 in the United States and Puerto Rico, 98 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.
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 the Company
does not undertake to update these statements, except as required
by law.
CONTACTS: |
Costco
Wholesale CorporationRichard Galanti, 425/313-8203Bob Nelson,
425/313-8255David Sherwood, 425/313-8239 |
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