Costco reports July sales results

07 Aug '08

1 min read

Costco Wholesale Corporation (Costco) reported net sales of $5.70 billion for the month of July, the four weeks ended August 3, 2008, an increase of 14 percent from $5.02 billion in the same four-week period last year.

For the first forty-eight weeks of its reporting period ended August 3, 2008, the Company reported net sales of $65.54 billion, an increase of 13 percent from $58.19 billion during the similar forty-eight-week period last year.

Comparable sales for the four-week and forty-eight-week periods ended August 3, 2008, were as follows:

4 Weeks
US: 10%
International: 11%
Total Company: 10%

48 Weeks:
US: 6%
International: 15%
Total Company: 8%

The U.S. comparable sales figure includes, among other things, the effect of gasoline price inflation, with the average sales price per gallon of gasoline up 41 percent, as compared to the year-earlier July. Excluding gasoline price inflation, U.S. comparable sales would have been up 6 percent.

In addition, foreign exchange rates, primarily in Canada, positively impacted international comparable sales results. On a local currency basis, international comparable sales increased 9 percent in July.

Costco Wholesale Corporation

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