Costco sales gain

Costco sales gain

Costco, the US club retailer, has posted a 6% increase in full-year sales.

The company said growth was evenly weighted between its US and international businesses, both of which saw sales rise by 6%. 

Costco operates 634 warehouses, including 451 in the US and Puerto Rico, 85 in Canada, 33 in Mexico, 25 in the United Kingdom, 18 in Japan, 10 in Taiwan, nine in Korea and three in Australia. 

The company said revenues rose to US$102.9bn in the 52 weeks ended 1 September, up from $97.1bn in the comparable period of last year.

Costco is scheduled to release its operating results on 9 October.

Show the press release
Costco Wholesale Corporation Reports August, Fourth Quarter and Fiscal Year 2013 Sales Results

ISSAQUAH, WA -- (Marketwired) -- 09/05/13 -- Costco Wholesale Corporation ("Costco" or the "Company")(NASDAQ: COST) today reported net sales of $7.95 billion for the month of August, the four weeks endedSeptember 1, 2013, an increase of seven percent from $7.44 billion during the similar period last year.

For the 16-week fourth quarter, the Company reported net sales of $31.8 billion, an increase of one percent compared to net sales of $31.5 billion in the 17-week fourth quarter of fiscal year 2012, ended September 2, 2012.

For the 52-week fiscal year ended September 1, 2013, the Company reported net sales of $102.9 billion, an increase of six percent from the $97.1 billion reported in the 53-week fiscal year 2012, ended September 2, 2012.

Comparable sales were as follows:

           
  4 Weeks   16 Weeks   52 Weeks
U.S.
4%
 
5%
 
6%
International 2%   4%   6%
           
Total Company 4%   5%   6%
           

For the four-week period, changes in gasoline prices and foreign exchange rates had a negative impact on comparable sales. For the 16-week and 52-week periods, changes in foreign exchange rates had a negative impact. Excluding these effects, comparable sales were as follows:

           
  4 Weeks   16 Weeks   52 Weeks
U.S.
5%
 
5%
 
6%
International 8%   7%   6%
           
Total Company 6%   5%   6%
           

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 73980891). This message will be available today through5:00 p.m. (PT) on September 6, 2013.

The Company plans to release its operating results for the fourth quarter (16 weeks) and fiscal year endedSeptember 1, 2013, on October 9, 2013. A conference call to discuss these results is scheduled for 7:00 a.m. (PT)that day and will available via webcast on www.costco.com (click on Investor Relations and "webcasts").

Costco currently operates 634 warehouses, including 451 in the United States and Puerto Rico, 85 in Canada, 33 in Mexico, 25 in the United Kingdom, 18 in Japan, 10 in Taiwan, nine in Korea and three in Australia. Costco also operates electronic commerce web sites, at www.costco.com (U.S.), www.costco.ca (Canada), andwww.costco.co.uk (United Kingdom). The Company plans to open up to 15 new warehouses before the end of calendar year 2013.

Original source: Costco Wholesale Corporation