ISSAQUAH, WA, Aug 06, 2009 (MARKETWIRE via COMTEX) -- Costco Wholesale Corporation ("Costco") (NASDAQ: COST) today
reported net sales of $5.41 billion for the month of July, the four
weeks ended August 2, 2009, a decrease of five percent from $5.70
billion in the same four-week period last year.
For the first forty-eight weeks of its reporting period ended August
2, 2009, the Company reported net sales of $64.43 billion, a decrease
of two percent from $65.54 billion during the similar
forty-eight-week period last year.
Comparable sales for the four-week retail-reporting month of July and
the forty-eight-week retail-reporting period of September through
July, both ended August 2, 2009, were as follows:
4 Weeks 48 Weeks
------- --------
U.S. -8% -2%
International -5% -9%
Total -7% -4%
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Comparable sales for the four-week and forty-eight-week periods,
excluding the negative impacts from gasoline deflation and foreign
exchange (primarily in Canada, the United Kingdom and Korea), were as
follows:
4 Weeks 48 Weeks
------- --------
U.S. (w/o gas deflation) -2% +1%
International (w/o Fx) +6% +8%
Total -1% +3%
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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 75874359). This recorded
message will be available today through 5:00 p.m. (PT) on Friday,
August 7, 2009.
Costco currently operates 557 warehouses, including 406 in the United
States and Puerto Rico, 77 in Canada, 21 in the United Kingdom, seven
in Korea, six in Taiwan, nine in Japan and 31 in Mexico. The Company
also operates Costco Online, an electronic commerce web site, at
www.costco.com and at www.costco.ca in Canada. The Company plans to
open an additional two new warehouses prior to the end of its 2009
fiscal year, on August 30, 2009.
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 and workers' compensation costs), rising costs
associated with the acquisition of merchandise (including the direct
and indirect effects of the rising cost of petroleum-based products
and fuel and energy costs), 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
SOURCE: Costco