ISSAQUAH, WA, Sep 03, 2009 (MARKETWIRE via COMTEX) -- Costco Wholesale Corporation ("Costco") (NASDAQ: COST) today
reported net sales of $5.4 billion for the month of August, the four
weeks ended August 30, 2009, compared to net sales of $5.4 billion in
the same four-week period last year.
Net sales for the fiscal 2009 fourth quarter, the 16 weeks ended
August 30, 2009, were $21.9 billion, a decrease of three percent from
$22.6 billion in the 16-week fourth quarter of fiscal 2008 ended
August 31, 2008.
Net sales for the 52-week fiscal year 2009 were $69.9 billion, a
decrease of two percent from $71.0 billion in the 52-week fiscal year
2008 ended August 31, 2008.
Comparable sales for the four-week retail-reporting month of August,
the 16-week fiscal fourth quarter and the 52-week fiscal year 2009
were as
follows:
4 Weeks 16 Weeks 52 Weeks
------- -------- --------
US -4% -6% -2%
International +3% -3% -8%
Total Company -2% -5% -4%
======= ======== ========
Comparable sales for the four-week, 16-week and 52-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 16 Weeks 52 Weeks
------- -------- --------
US 0% -1% +1%
International +7% +7% +7%
Total Company +2% +1% +3%
======= ======== ========
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 75874599). This recorded
message will be available today through 5:00 p.m. (PT) on Friday,
September 4, 2009.
The Company plans to release its operating results for the fourth
quarter (16 weeks) and for the fiscal year (52 weeks) ended August 30,
2009, on October 7, 2009. The retail sales results for the month of
September will also be announced on that date. A conference call to
discus these results is scheduled for 8:00 a.m. (PT) that day and
will be available via webcast on www.costco.com (click on Investor
Relations and "webcasts").
Costco ended its 52-week fiscal year on August 30, 2009 with 559
warehouses in operation, 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, 32 in Mexico and one in Australia. 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 seven to eight new warehouses (including the
relocation of one to two warehouses to larger and better-located
facilities) in the first four months of fiscal 2010, prior to the end
of calendar 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