Costco Wholesale Corporation Reports August Sales Results
06 September 2019 - 6:15AM
Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq:
COST) today reported net sales of $11.79 billion for the retail
month of August, the four weeks ended September 1, 2019, an
increase of 6.9 percent from $11.03 billion last year.
For the 16-week fourth quarter ended September
1, 2019, the Company reported net sales of $46.45 billion, an
increase of 7.0 percent compared to net sales of $43.41 billion
during the similar period last year.
For the 52-week fiscal year ended September 1,
2019, the Company reported net sales of $149.35 billion, an
increase of 7.9 percent from the $138.43 billion during the similar
period last year.
Comparable sales were as follows:
|
|
|
|
|
|
|
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4 Weeks |
|
16 Weeks |
|
52 Weeks |
|
|
Retail Month |
|
Fourth Quarter |
|
Fiscal Year |
|
|
|
|
|
|
|
|
U.S. |
6.4% |
|
6.2% |
|
7.8% |
|
Canada |
3.6% |
|
2.6% |
|
1.6% |
|
Other International |
2.3% |
|
1.9% |
|
2.0% |
|
|
|
|
|
|
|
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Total Company |
5.5% |
|
5.1% |
|
6.1% |
|
|
|
|
|
|
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E-commerce |
23.9% |
|
19.8% |
|
23.1% |
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|
|
|
|
|
Comparable sales excluding the impacts from
changes in gasoline prices, foreign exchange, and a previously
disclosed accounting change concerning revenue recognition (ASC
606) were as follows:
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|
|
|
|
|
|
|
|
4 Weeks |
|
16 Weeks |
|
52 Weeks |
|
|
Retail Month |
|
Fourth Quarter |
|
Fiscal Year |
|
|
|
|
|
|
|
|
U.S. |
5.9% |
|
5.2% |
|
6.4% |
|
Canada |
6.1% |
|
4.7% |
|
5.3% |
|
Other International |
5.9% |
|
5.0% |
|
5.6% |
|
|
|
|
|
|
|
|
Total Company |
5.9% |
|
5.1% |
|
6.1% |
|
|
|
|
|
|
|
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E-commerce |
23.8% |
|
21.9% |
|
23.3% |
|
|
|
|
|
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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 3195598). This message
will be available through 5:00 p.m. (PT) on Thursday, September 12,
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, one in Iceland, one in
France, and one in 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
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,”
“may,” “might,” “likely,” “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 remediate material weaknesses in internal
control, 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 that they are made, and the Company does not undertake
to update them, 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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