Gasoline prices fuel Costco Wholesale's October sales

07 Nov '05

2 min read

Washington based Costco Wholesale Corporation reported net sales of $4.26 billion for the four weeks ended October 30, 2005, an increase of 12 percent from $3.79 billion in the same four-week period of the prior fiscal year.

For the first 9-weeks of its fiscal year ended October 30, 2005, the Company reported net sales of $9.40 billion, an increase of 13 percent from $8.32 billion during the similar 9-week period of the prior fiscal year.

The U.S. figure includes the benefit from significant recent gasoline price inflation, with the average sales price per gallon of gasoline up 30 percent year-over-year in the month of October. Excluding gasoline price inflation, U.S. comparable sales in October would have been 8 percent.

Additional discussion of these sales results is available on a pre-recorded telephone message. You can access the recording by dialing 1-800-642-1687 (conference ID# 2077702). This recorded message will be available today through 5:00 PM (PT) on Friday, November 4, 2005.

US leading wholesaler firm Costco currently operates 460 warehouses, including 338 in the United States and Puerto Rico, 65 in Canada, 16 in the United Kingdom, five in Korea, four in Taiwan, five in Japan and 27 in Mexico.

It plans to open an additional 12 to 13 new warehouses (including the relocation of one warehouse to a larger and better-located facility) prior to the end of calendar year 2005.

Costco Wholesale Corporation

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