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Costco posts June sales results

10 Jul '08

2 min read

Costco Wholesale Corporation reported net sales of $7.14 billion for the month of June, the five weeks ended July 6, 2008, an increase of 12 percent from $6.35 billion in the same five-week period last year.

For the first forty-four weeks of its reporting period ended July 6, 2008, the Company reported net sales of $59.84 billion, an increase of 13 percent from $53.17 billion during the similar forty-four-week period last year.

Comparable sales for the five-week and forty-four-week periods ended July 6, 2008, were as follows:

• 5 Weeks:
- US: 9%
- International: 11%
- Total Company: 9%

• 44 Weeks:
- US: 6%
- International: 16%
- 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 38 percent for the five-week month of June, as compared to the year-earlier June.

Excluding gasoline price inflation, U.S. comparable sales would have been up 5 percent. In addition, foreign exchange rates, primarily in Canada, positively impacted international comparable sales results. On a local currency basis, international comparable sales increased 8 percent in June.

Costco currently operates 537 warehouses, including 393 in the United States and Puerto Rico, 75 in Canada, 19 in the United Kingdom, six in Korea, five in Taiwan, eight in Japan and 31 in Mexico.

Costco Wholesale Corporation

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