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Costco Wholesale Corporation Reports September Sales Results

Costco Wholesale Corporation Reports September Sales Results 
ISSAQUAH, WA -- (Marketwire) -- 10/04/12 --  Costco Wholesale
Corporation ("Costco" or the "Company") (NASDAQ: COST) today reported
net sales of $9.31 billion for the month of September, the five weeks
ended September 30, 2012, an increase of eight percent from $8.61
billion during the similar period last year. This year's five-week
period includes week 53 of the Company's 53-week fiscal year 2012,
and the first four weeks of its fiscal year 2013. Last year's
five-week period includes the first five weeks of the Company's
fiscal year 2012. 
Comparable sales for this period were as follows: 


 
                                             5 Weeks 
                                           ----------
                                                     
                      U.S.                     6%    
                      International            7%    
                                                     
                      Total Company            6%    
                                           ==========

 
Inflation in gasoline prices had a positive impact on comparable sales
for the five-week period; foreign currencies also had a positive
impact for the period. Excluding these effects, comparable sales for
the period were as follows: 


 
                                             5 Weeks 
                                           ----------
                                                     
                      U.S.                     5%    
                      International            6%    
                                                     
                      Total Company            5%    
                                           ==========

 
Additional discussion of these sales results is available in a
pre-recorded telephone message. You can access the recording by
dialing 1-855-859-2056 (conference ID 28780073). This message will be
available today through 5:00 p.m. (PT) on Friday, October 5, 2012. 
The Company had earlier reported its August sales results including
the first 52 weeks of its 53-week fiscal year 2012. Final net sales
for the 53-week fiscal year 2012 ended September 2, 2012 were $97.06
billion, an increase of 12% from $87.05 billion during the 52-week
fiscal year 2011. Net sales for the 17-week fiscal fourth quarter
ended September 2, 2012, were $31.52 billion, an increase of 14% from
$27.59 billion during the 16-week fiscal fourth quarter of fiscal
2011. 
Comparable sales for the 17-week fourth quarter and the 53-week
fiscal year 2012, using comparable sales periods as well as
comparable warehouses (those open for a year or more), were as
follows: 


 
                                       17 Weeks   53 Weeks 
                                      ---------- ----------
                                                           
                 U.S.                     6%         7%    
                 International            2%         6%    
                                                           
                 Total Company            5%         7%    
                                      ========== ==========

 
Inflation in gasoline prices had a slightly negative impact on
comparable sales for the 17-week period and a positive impact for the
53-week period. Foreign currencies had a negative impact for both
periods. Excluding these effects, comparable sales were as follows: 


 
                                       17 Weeks   53 Weeks 
                                      ---------- ----------
                                                           
                 U.S.                     6%         6%    
                 International            7%         8%    
                                                           
                 Total Company            6%         6%    
                                      ========== ==========

 
The Company plans to release its operating results for the fourth
quarter (17 weeks) and for the fiscal year (53 weeks) ended September
2, 2012, on October 10, 2012. A conference call to discuss these
results is scheduled for 7:00 a.m. (PT) that day and will be
available via webcast on www.costco.com (click on Investor Relations
and "webcasts"). 
Costco currently operates 608 warehouses, including 439 in the United
States and Puerto Rico, 82 in Canada, 32 in Mexico, 22 in the United
Kingdom, 13 in Japan, nine in Taiwan, eight in Korea and three in
Australia. The Company plans to open up to 14 new warehouses prior to
the end of calendar year 2012. The Company also operates Costco
Online, an electronic commerce web site, at www.costco.com and at
www.costco.ca in Canada.  
Certain statements contained in this document and the pre-recorded
telephone message constitute forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. For
these purposes, forward-looking statements are statements that
address activities, events, conditions or developments that the
Company expects or anticipates may occur in the future. Such
forward-looking statements involve risks and uncertainties that may
cause actual events, results or performance to differ materially from
those indicated by such statements. These risks and uncertainties
include, but are not limited to, domestic and international economic
conditions, including exchange rates, the effects of competition and
regulation, uncertainties in the financial markets, consumer and
small business spending patterns and debt levels, conditions
affecting the acquisition, development, ownership or use of real
estate, actions of vendors, rising costs associated with employees
(including health care costs), energy, and certain commodities,
geopolitical conditions and other risks identified from time to time
in the Company's public statements and reports filed with the
Securities and Exchange Commission. 
CONTACTS:
Costco Wholesale Corporation
Jeff Elliott
425/313-8264
David Sherwood
425/313-8239 
 
 
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