United States Of America : Costco's net sales up 8% to $8.78bn in May

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Costco's net sales up 8% to $8.78bn in May

05
Jun '14

Costco Wholesale Corporation reported net sales of $8.78 billion for the month of May, the four weeks ended June 1, 2014, an increase of eight percent from $8.13 billion during the similar four-week period last year.

For the thirty-nine weeks ended June 1, 2014, the Company reported net sales of $81.99 billion, an increase of six percent from $77.13 billion during the similar period last year.

Inflation in gasoline prices had a positive impact on comparable sales for the four-week period, but a negative impact for the thirty-nine week period; foreign currencies had a negative impact for both periods.

Excluding these effects, comparable sales were as follows: Costco currently operates 657 warehouses, including 464 in the United States and Puerto Rico, 87 in Canada, 33 in Mexico, 25 in the United Kingdom, 20 in Japan, 11 in Korea, 10 in Taiwan, six in Australia and one in Spain.

The Company plans to open up to an additional six new warehouses prior to the end of its fiscal year on August 31, 2014. Costco also operates electronic commerce web sites in the U.S., Canada, the United Kingdom and Mexico.

Costco Wholesale Corporation

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