Costco Wholesale reports July sales results

09 Aug '07

1 min read

Costco Wholesale Corporation reported net sales of $5.02 billion for the month of July, the four weeks ended August 5, 2007, an increase of 11 percent from $4.53 billion in the same four-week period last year.

For the first forty-nine weeks of its reporting period ended August 5, 2007, the Company reported net sales of $59.33 billion, an increase of 9 percent from $54.41 billion during the similar 49-week period of the prior year.

The fiscal 2007 year-to-date net sales results include the $452 million adjustment to the sales returns reserve previously reported in the fiscal 2007 second and third quarter results. Excluding the adjustment, net sales for the 49-week year-to-date period were $59.78 billion, representing a 10 percent increase over the prior year.

Comparable sales for the four-week retail-reporting month of July and the 49-week retail-reporting period of September through July are as follows:

4 Weeks:
US - 6%
International - 10%
Total Company - 7%

49 Weeks:
US - 5%
International - 8%
Total Company - 6%

Additional discussion of these sales results is available on a pre-recorded telephone message. This recorded message will be available today through 5:00 p.m. (PT) on Friday, August 10, 2007.

Costco Wholesale Corporation

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