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Fashion retailer Costco Wholesale's Jan sales gain 12%

02
Feb '06

Fashion retailer Costco Wholesale Corporation reported net sales of $4.12 billion for the four weeks ended January 29, 2006, an increase of 12 percent from $3.67 billion in the same four-week period of the prior fiscal year.

For the first twenty-two weeks of its fiscal year ended January 29, 2006, the Company reported net sales of $24.34 billion, an increase of 11 percent from $21.84 billion during the similar 22-week period of the prior fiscal year.

The Company plans to release its second quarter fiscal year 2006 operating results, for the twelve weeks ended February 12, 2006, on March 2, 2006.

A conference call to discuss these second quarter results is scheduled for 8:00 a.m. (PT) on March 2nd, and will be available via a webcast on www.costco.com (click on Investor Relations and "Webcasts").

Costco currently operates 471 warehouses, including 346 in the United States and Puerto Rico, 66 in Canada, 17 in the United Kingdom, five in Korea, four in Taiwan, five in Japan and 28 in Mexico.

The Company plans to open an additional 20 to 22 new warehouses, including the relocation of two warehouses to larger and better-located facilities, prior to the end of its 53-week 2006 fiscal year ending on September 3, 2006.

Costco Wholesale Corporation

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