Press release
Costco Wholesale Corporation Reports November and First Quarter Fiscal Year 2021 Sales Results
ISSAQUAH, Wash., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $15.67
About this update from Costco Wholesale Corporation
[{"type":"text","content":"ISSAQUAH, Wash., Dec. 02, 2020 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $15.67 billion for the retail month of November, the four weeks ended November 29, 2020, an increase of 15.1 percent from $13.62 billion last year. For the twelve-week first quarter ended November 22, 2020, the Company reported net sales of $42.35 billion, an increase of 16.9 percent from $36.24 billion last year. For the thirteen weeks ended November 29, 2020, the Company reported net sales of $46.33 billion, an increase of 16.0 percent from $39.95 billion during the similar period last year. Comparable sales were as follows: 4 Weeks 12 Weeks 13 WeeksU.S.12.0% 14.6% 13.4%Canada16.4% 16.2% 16.0%Other International18.2% 18.7% 18.7% Total Company13.4% 15.4% 14.5% E-commerce71.3% 86.4% 82.0% Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows: 4 Weeks 12 Weeks 13 WeeksU.S.14.2% 17.0% 15.7%Canada15.8% 16.8% 16.4%Other International16.0% 17.7% 17.5% Total Company14.6% 17.1% 16.0% E-commerce70.9% 86.2% 81.7% 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 6288883). This message will be available through 5:00 p.m. (PT) on Wednesday, December 9, 2020. Costco currently operates 803 warehouses, including 558 in the United States and Puerto Rico, 102 in Canada, 39 in Mexico, 29 in the United Kingdom, 27 in Japan, 16 in Korea, 14 in Taiwan, 12 in Australia, three 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, Taiwan, Japan, and Australia. 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,” “likely,” “may,” “might,” “plan,” “potential,” “predic...