Costco international comparable sales go up in Oct

08 Nov '07

2 min read

Costco Wholesale Corporation (Costco) reported net sales of $5.21 billion for the month of October, the four weeks ended November 4, 2007, an increase of 13 percent from $4.63 billion in the same four-week period last year.

For the first nine weeks of its reporting period ended November 4, 2007, the Company reported net sales of $11.26 billion, an increase of 11 percent from $10.16 billion during the similar nine-week period of the prior year.

The U.S. comparable sales figure includes the effect of recent gasoline price inflation, with the average sales price per gallon of gasoline up 25% year-over-year for the month of October. Excluding gasoline price inflation, U.S. comparable sales in October would have been 5%.

In addition, significantly stronger foreign exchange rates, particularly in Canada and the U.K., positively impacted October's international comparable sales results. Excluding this effect, international comparable sales increased 4% in October.

Costco currently operates 523 warehouses, including 388 in the United States and Puerto Rico, 71 in Canada, 19 in the United Kingdom, five in Korea, four in Taiwan, six in Japan and 30 in Mexico.

The Company also operates Costco Online, an electronic commerce web site, at costco.com and at costco.ca in Canada. The Company plans to open an additional six new warehouses prior to the end of calendar year 2007.

Costco Wholesale Corporation

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