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Costco net sale swirls up by 13%
06 Dec '07
2 min read
Costco Wholesale Corporation reported net sales of $5.72 billion for the month of November, the four weeks ended December 2, 2007, an increase of 13 percent from $5.04 billion in the same four-week period last year.
For the first thirteen weeks of its reporting period ended December 2, 2007, the Company reported net sales of $16.98 billion, an increase of 12 percent from $15.20 billion during the similar thirteen-week period last year.
Comparable sales for the four-week and thirteen-week periods ended December 2, 2007, were as follows:
• 4 Weeks
US : 6%
International : 21%
Total Company : 9%
•13 Weeks:
US : 6%
International : 17%
Total Company : 8%
The U.S. comparable sales figure includes, among other things, the effect of recent gasoline price inflation, with the average sales price per gallon of gasoline up 35% year-over-year for the month of November. Excluding gasoline price inflation, U.S. comparable sales in November would have been 4%.
In addition, significantly stronger foreign exchange rates, particularly in Canada and the U.K., positively impacted November's international comparable sales results. On a local currency basis, international comparable sales increased 7% in November.
The Company plans to release its operating results for the first quarter (12 weeks) of its fiscal year 2008 ended November 25, 2007, on December 13th. A conference call to discuss these first quarter results is scheduled for 8:00 a.m. (PT) that day and will be available via a webcast on company's website (click on Investor Relations and "Webcasts").
For the first thirteen weeks of its reporting period ended December 2, 2007, the Company reported net sales of $16.98 billion, an increase of 12 percent from $15.20 billion during the similar thirteen-week period last year.
Comparable sales for the four-week and thirteen-week periods ended December 2, 2007, were as follows:
• 4 Weeks
US : 6%
International : 21%
Total Company : 9%
•13 Weeks:
US : 6%
International : 17%
Total Company : 8%
The U.S. comparable sales figure includes, among other things, the effect of recent gasoline price inflation, with the average sales price per gallon of gasoline up 35% year-over-year for the month of November. Excluding gasoline price inflation, U.S. comparable sales in November would have been 4%.
In addition, significantly stronger foreign exchange rates, particularly in Canada and the U.K., positively impacted November's international comparable sales results. On a local currency basis, international comparable sales increased 7% in November.
The Company plans to release its operating results for the first quarter (12 weeks) of its fiscal year 2008 ended November 25, 2007, on December 13th. A conference call to discuss these first quarter results is scheduled for 8:00 a.m. (PT) that day and will be available via a webcast on company's website (click on Investor Relations and "Webcasts").
Costco Wholesale Corporation
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