Press release
Costco Wholesale Corporation Reports November and First Quarter Fiscal Year 2020 Sales Results
ISSAQUAH, Wash., Dec. 04, 2019 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $13.62
About this update from Costco Wholesale Corporation
[{"type":"text","content":"ISSAQUAH, Wash., Dec. 04, 2019 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $13.62 billion for the retail month of November, the four weeks ended December 1, 2019, an increase of 6.7 percent from $12.77 billion last year.\n For the twelve-week first quarter ended November 24, 2019, the Company reported net sales of $36.24 billion, an increase of 5.6 percent from $34.31 billion last year. For the thirteen weeks ended December 1, 2019, the Company reported net sales of $39.95 billion, an increase of 6.3 percent from $37.57 billion during the similar period last year. Comparable sales were as follows: 4 Weeks 12 Weeks 13 Weeks November Q1 FY ‘20 YTD ‘20 U.S.4.8% 4.7% 5.5% Canada5.6% 2.9% 3.8% Other International7.5% 3.2% 4.2% Total Company5.3% 4.3% 5.1% E-commerce-3.6% 5.5% 6.9% Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows: 4 Weeks 12 Weeks 13 Weeks November Q1 FY ‘20 YTD ‘20 U.S.4.3% 5.0% 5.7% Canada5.8% 5.1% 5.7% Other International6.8% 4.5% 5.4% Total Company4.8% 5.0% 5.7% E-commerce-3.7% 5.7% 7.1% E-commerce sales in November were negatively impacted by an estimated 20 percentage points, primarily due to Thanksgiving/Black Friday/Cyber Monday occurring a week later this year versus last year and, to a lesser extent, website performance issues experienced on the Company’s U.S. and Canadian e-commerce websites on Thanksgiving Day and Black Friday. Total and comparable sales were negatively impacted by approximately one and one-half percent. 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 1797229). This message will be available through 5:00 p.m. (PT) on Wednesday, December 11, 2019. Costco currently operates 785 warehouses, including 546 in the United States and Puerto Rico, 100 in Canada, 39 in Mexico, 29 in the United Kingdom, 26 in Japan, 16 in Korea, 13 in Taiwan, 11 in Australia, two in Spain, and one each in Iceland, France, and China. 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 Pri...