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Costco Wholesale reports March sales results

12
Apr '07
Costco Wholesale Corporation reported net sales of $5.94 billion for the month of March, the five weeks ended April 8, 2007, an increase of 11 percent from $5.37 billion in the same five-week period last year.

For the first thirty-two weeks of its reporting period ended April 8, 2007, the Company reported net sales of $38.11 billion, an increase of 9 percent from $35.02 billion during the similar thirty-two-week period of the prior year.

These year-to-date net sales results include the $224 million adjustment to the sales returns reserve previously reported in the fiscal 2007 second quarter results.

Comparable sales for the 5-week retail-reporting month of March and the 32-week retail-reporting period of September through March are as follows:

5 Weeks:
US - 5%
International - 7%

32 Weeks:
US - 4%
International - 8%

Total Company
5 Weeks - 6%
32 Weeks - 5%

This year's five-week period included 34 days of sales compared to 35 days last year, reflecting the timing of Easter. This calendar shift impacted sales negatively by approximately one to two percent.

Additional discussion of these sales results is available on a pre-recorded telephone message. This recorded message will be available today through 5:00 p.m. (PT) on Friday, April 13, 2007.

Costco Wholesale Corporation


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