Costco net sales up in October
November 08, 2008 - United States Of America
Costco Wholesale Corporation reported net sales of $5.30 billion for the month of October, the four weeks ended November 2, 2008, an increase of two percent from $5.21 billion in the same four-week period last year.
For the first nine weeks of its reporting period ended November 2, 2008, the Company reported net sales of $11.97 billion, an increase of six percent from $11.26 billion during the similar period last year.
Excluding the negative effect of foreign exchange (particularly in Canada, the U.K. and Korea), international comparable sales for October increased 9% in local currency, and total Company comparable sales would have increased by 3% for the month. Gasoline price changes year-over-year had no material impact on sales for the month.
The Company also announced a record date of November 21, 2008 for the Annual Meeting of Shareholders to be held on January 28, 2009.
Costco currently operates 546 warehouses, including 400 in the United States and Puerto Rico, 76 in Canada, 20 in the United Kingdom, six in Korea, five in Taiwan, eight in Japan and 31 in Mexico.