Costco Wholesale Corporation Reports July Sales Results
ISSAQUAH, WA -- (Marketwired) -- 08/07/14 -- Costco Wholesale
Corporation ("Costco" or the "Company") (NASDAQ: COST) today reported
net sales of $8.55 billion for the month of July, the four weeks
ended August 3, 2014, an increase of nine percent from $7.87 billion
during the similar four-week period last year.
For the forty-eight weeks ended August 3, 2014, the Company reported
net sales of $101.43 billion, an increase of seven percent from
$94.91 billion during the similar period last year.
Comparable sales for the four and 48-week periods were as follows:
4 Weeks 48 Weeks
U.S. 5% 5%
International 6% 3%
Total Company 5% 4%
Comparable sales for these periods, excluding negative impacts from
gasoline price deflation and foreign exchange, were as follows:
4 Weeks 48 Weeks
U.S. 5% 5%
International 7% 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 96621009). This message will be
available today through 5:00 p.m. (PT) on Friday, August 8, 2014.
Costco currently operates 660 warehouses, including 466 in the United
States and Puerto Rico, 88 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 three 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 thefinancial 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.
Costco Wholesale Corporation
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