Costco Wholesale Corporation Reports June Sales Results

Costco Wholesale Corporation Reports June Sales Results 
ISSAQUAH, WA -- (Marketwired) -- 07/10/14 --  Costco Wholesale
Corporation ("Costco" or the "Company") (NASDAQ: COST) today reported
net sales of $10.89 billion for the month of June, the five weeks
ended July 6, 2014, an increase of ten percent from $9.91 billion
during the similar five-week period last year. Both years' five-week
periods included 34 selling days in Canada and the U.S., reflecting
the observance of Canada Day and Independence Day (U.S.),
respectively. 
For the forty-four weeks ended July 6, 2014, the Company reported net
sales of $92.88 billion, an increase of seven percent from $87.04
billion during the similar period last year. 
Comparable sales for the five and 44-week periods were as follows: 


 
                                         5 Weeks    44 Weeks 
                                        ---------  ----------
                                                             
              U.S.                          6%         5%    
              International                 7%         2%    
                                                             
              Total Company                 6%         4%    
                                        =========  ==========

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


 
                                         5 Weeks    44 Weeks 
                                        ---------  ----------
                                                             
              U.S.                          6%         5%    
              International                 8%         7%    
                                                             
              Total Company                 6%         6%    
                                        =========  ==========

 
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 96619833). This message will be
available today through 5:00 p.m. (PT) on Friday, July 11, 2014. 
Costco currently operates 658 warehouses, including 465 in the United
States and Puerto Rico, 87 in Canada, 33 in Mexico, 25 in the United
Kingdom, 20 in Japan, 11 in Korea, 10 in Taiwan, six in Australia and
one in Spain. The Company plans to open up to an additional five new
warehouses prior to the end of its fiscal year on August 31, 2014.
Costco also operates electronic commerce web sites in the U.S.,
Canada, the United Kingdom and Mexico. 
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, breaches of
security or privacy of member or business information, conditions
affecting the acquisition, development, ownership or use of real
estate, amounts expected to be spent on expansion plans, 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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