Costco Wholesale Corporation Reports June Sales Results

Thu Jul 5, 2012 3:01am EDT

* Reuters is not responsible for the content in this press release.

  ISSAQUAH, WA, Jul 05 (Marketwire) -- 
Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST)
today reported net sales of $9.18 billion for the month of June, the five
weeks ended July 1, 2012, an increase of six percent from $8.69 billion
during the similar period last year. Both year's five-week periods
included 34 days in the U.S. and Canada (U.S. warehouses closed Memorial
Day; Canadian warehouses closed July 1st, Canada Day). 

    For the forty-four weeks ended July 1, 2012, the Company reported net
sales of $80.46 billion, an increase of ten percent from $73.44 billion
during the similar period last year.

    Comparable sales for these periods were as follows:

                                    5 Weeks     44 Weeks
                                 ------------ ------------
                  U.S.                3%           7%
                  International       2%           7%

                  Total Company       3%           7%
                                 ============ ============

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

                                    5 Weeks     44 Weeks
                                 ------------ ------------
                  U.S.                3%           6%
                  International       8%           9%

                  Total Company       5%           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 28780568). This message will be available
today through 5:00 p.m. (PT) on Friday, July 6, 2012.

    Costco currently operates 605 warehouses, including 438 in the United
States and Puerto Rico, 82 in Canada, 32 in Mexico, 22 in the United
Kingdom, 13 in Japan, eight in Taiwan, seven in Korea and three 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 up to an additional three new warehouses prior to
the end of its fiscal year on September 2, 2012.

    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 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 

Copyright 2012, Marketwire, All rights reserved.

-0-