Costco Wholesale Corporation Reports November Sales Results and

Costco Wholesale Corporation Reports November Sales Results and
Announces Plans for a Special Cash Dividend of $7.00 per Share 
ISSAQUAH, WA -- (Marketwire) -- 11/28/12 --  Costco Wholesale
Corporation ("Costco" or the "Company") (NASDAQ: COST) today reported
net sales of $8.15 billion for the month of November, the four weeks
ended November 25, 2012, an increase of nine percent from $7.51
billion during the similar four-week period last year. 
For the first fiscal quarter (12 weeks) of its 2013 fiscal year (from
September 3 through November 25, 2012), the Company reported net
sales of $23.21 billion, an increase of ten percent from $21.18
billion in the first fiscal quarter of 2012. 
Comparable sales for the four-week and twelve-week periods ended
November 25, 2012, were as follows: 


 
                                                                
                                            4 Weeks   12 Weeks  
                                          ---------- ---------- 
            U.S.                              6%         7%     
            International                     7%         9%     
                                                                
            Total Company                     6%         7%     
                                          ========== ========== 

 
Inflation in gasoline prices, as well as stronger foreign currencies,
had a positive impact on comparable sales for both periods. Excluding
these effects, comparable sales were as follows: 


 
                                                                
                                            4 Weeks   12 Weeks  
                                          ---------- ---------- 
            U.S.                              6%         6%     
            International                     5%         7%     
                                                                
            Total Company                     5%         6%     
                                          ========== ========== 

 
Additional discussion of these sales results is available in a
pre-recorded telephone me
ssage. The recording can be accessed by
dialing 1-855-859-2056 (conference ID 28780249). This message will be
available today through 5:00 p.m. (PT) on Friday, November 30, 2012. 
The Company also announced today that its Board of Directors has
declared a special cash dividend on Costco common stock of $7.00 per
share, payable December 18, 2012, to shareholders of record as of the
close of business on December 10, 2012. The aggregate amount of
payment to be made in connection with this special dividend will be
approximately $3.0 billion. 
The special dividend is in addition to the Company's regular
quarterly cash dividend of $.275 per share that was declared on
October 30, 2012. The regular quarterly dividend will be paid
November 30, 2012, to shareholders of record at the close of business
on November 16, 2012. 
Richard Galanti, Executive Vice President and Chief Financial
Officer, commented: "Today's announcement of a $7.00 special
dividend, to be paid before the end of the calendar year, is our
latest effort in returning capital to our shareholders while
maintaining our conservative capital structure. Our strong balance
sheet and favorable access to the credit markets allow us to provide
shareholders with this dividend, while also preserving financial and
operational flexibility to grow our business globally; allowing for
ongoing dividend and share repurchase activities; and enhancing the
value of the Costco membership to the more than 67 million Costco
cardholders throughout the world." 
A conference call to discuss the planned special dividend is
scheduled for 1:30 p.m. (PT) today, November 28, 2012, and is
available by dialing 1-800-399-8203 (conference ID 75115333) or via a
webcast on www.costco.com (click on Investor Relations and "Play
webcast"). 
The Company plans to release its operating results for the first
quarter (12 weeks) of its 2013 fiscal year ended November 25, 2012 on
Wednesday, December 12, 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 "Play webcast"). 
Costco currently operates 618 warehouses, including 447 in the United
States and Puerto Rico, 84 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 four additional warehouses prior
to the end of calendar year 2012. Costco also operates electronic
commerce web sites, at www.costco.com (U.S.), www.costco.ca (Canada),
and www.costco.co.uk (United Kingdom). 
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
Richard Galanti
425/313-8203
Bob Nelson
425/313-8255
Jeff Elliott
425/313-8264 
 
 
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