Costco Wholesale Corporation Reports October Sales Results

Thu Nov 1, 2012 3:01am EDT

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

  ISSAQUAH, WA, Nov 01 (Marketwire) -- 
Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST)
today reported net sales of $7.67 billion for the month of October, the
four weeks ended October 28, 2012, an increase of nine percent from $7.01
billion during the similar four-week period last year. 

    For the first nine weeks of its reporting period ended October 28, 2012,
the Company reported net sales of $16.98 billion, an increase of nine
percent from $15.62 billion during the similar period last year.

    Comparable sales for the four-week and nine-week periods ended October
28, 2012:

                                     4 Weeks   9 Weeks
                                     -------   -------

                     U.S.               7%        6%
                     International      9%        8%

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


    
Inflation in gasoline prices, as well as stronger foreign currencies,
had a positive impact on comparable sales for both periods. Excluding
these effects, comparable sales for the four-week and nine-week periods
were as follows:

                                     4 Weeks   9 Weeks
                                     -------   -------

                     U.S.               5%        5%
                     International      5%        6%

                     Total Company      5%        5%
                                     =======   =======


    
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 28780239). This message will be available
today through 5:00 p.m. (PT) on Friday, November 2, 2012.

    Costco currently operates 612 warehouses, including 442 in the United
States and Puerto Rico, 83 in Canada, 32 in Mexico, 22 in the United
Kingdom, 13 in Japan, nine in Taiwan, eight in Korea and three in
Australia. The Company plans to open up to ten additional warehouses
prior to the end of calendar year 2012. It also operates electronic
commerce web sites, at www.costco.com (U.S.), www.costco.ca (Canada), and
www.costco.co.uk (United Kingdom).

    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

Richard Galanti
425/313-8203

Bob Nelson
425/313-8255

Jeff Elliott
425/313-8264 

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