In this file:
· Costco January sales rise 8%
· Costco Wholesale Corporation Reports January Sales Results
Costco January sales rise 8%
By Claudia Assis, MarketWatch
Feb 6, 2019
Costco Wholesale Corp. COST, -2.12% late Wednesday reported net sales of $10.7 billion for January, an increase of 8% from $9.92 billion last year. January's international sales other than Canada benefited from an earlier Lunar New Year holiday this year, Costco said. Shares of Costco fell 1% in the extended session, after ending the regular trading day flat.
source url
https://www.marketwatch.com/story/costco-january-sales-rise-8-2019-02-06
Costco Wholesale Corporation Reports January Sales Results
Source: Costco Wholesale Corporation
via Globe Newswire - February 06, 2019
ISSAQUAH, Wash., Feb. 06, 2019 (GLOBE NEWSWIRE) -- Costco
Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported
net sales of $10.71 billion for the retail month of January, the four weeks
ended February 3, 2019, an increase of 8.0 percent from $9.92 billion last
year.
For the twenty-two weeks ended February 3, 2019, the Company
reported net sales of $63.70 billion, an increase of 9.3 percent from $58.30
billion during the similar period last year.
Lunar New Year/Chinese New Year will occur in February same
as last year; however, 11 days earlier this year. The holiday shift favorably
impacted January’s Other International sales by approximately 4.5% and Total
Company sales approximately 0.5%. February sales will be adversely impacted
accordingly.
Comparable sales were as follows:
|
|
|
4 Weeks |
|
22 Weeks |
|
|
|
|
|
|
|
|
|
|
U.S. |
6.6% |
|
9.4% |
|
|
|
Canada |
-2.9% |
|
1.2% |
|
|
|
Other International |
6.5% |
|
3.8% |
|
|
|
|
|
|
|
|
|
|
Total Company |
5.2% |
|
7.4% |
|
|
|
|
|
|
|
|
|
|
E-commerce |
22.1% |
|
27.1% |
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|
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|
|
|
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Comparable sales excluding the impacts from changes in gasoline prices, foreign exchange and a previously disclosed accounting change concerning revenue recognition (ASC 606) were as follows:
|
|
|
4 Weeks |
|
22 Weeks |
|
|
|
|
|
|
|
|
|
|
U.S. |
7.3% |
|
8.0% |
|
|
|
Canada |
4.6% |
|
5.8% |
|
|
|
Other International |
11.2% |
|
6.7% |
|
|
|
|
|
|
|
|
|
|
Total Company |
7.4% |
|
7.5% |
|
|
|
|
|
|
|
|
|
|
E-commerce |
24.0% |
|
26.6% |
|
|
|
|
|
|
|
|
Additional discussion of these results is available in a
pre-recorded telephone message. It can be accessed by dialing 1-855-859-2056
(conference ID 4178354). This message will be available through 5:00 p.m. (PT)
on Wednesday, February 13, 2019.
Costco currently operates 768 warehouses, including 533 in the United States and Puerto Rico, 100 in Canada, 39 in Mexico, 28 in the United Kingdom, 26 in Japan, 15 in Korea, 13 in Taiwan, 10 in Australia, two in Spain, and one each in Iceland and France. Costco also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, and Taiwan.
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.
In some cases forward-looking statements can be identified because they contain
words such as “anticipate,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “might,” “likely,” “plan,” “potential,” “predict,”
“project,” “seek,” “should,” “target,” “will,” “would,” or similar expressions
and the negatives of those terms. 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, capital spending, actions of vendors, rising
costs associated with employees (generally including health care costs), energy
and certain commodities, geopolitical conditions (including tariffs), the
ability to remediate material weaknesses in internal control, and other risks
identified from time to time in the Company’s public statements and reports
filed with the Securities and Exchange Commission. Forward-looking statements speak
only as of the date they are made, and the Company does not undertake to update
these statements, except as required by law.
Costco Wholesale Corporation
Bob Nelson, 425/313-8255
David Sherwood, 425/313-8239
Josh Dahmen, 425/313-8254
source url
https://globenewswire.com/news-release/2019/02/06/1711753/0/en/Costco-Wholesale-Corporation-Reports-January-Sales-Results.html
