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Costco Wholesale Corporation Reports October Sales Results
ISSAQUAH, Wash.--(BUSINESS WIRE)--Nov. 2, 2000--Costco Wholesale Corporation ("Costco" or the "Company") (Nasdaq:COST) today reported net sales of $2.49 billion for the four weeks ended October 29, 2000, an increase of 9 percent from $2.29 billion in the same four-week period of the prior fiscal year. On a comparable warehouse basis, that is warehouses open at least a year, sales increased 5 percent.
For the first eight weeks of its 2001 fiscal year ended October 29, 2000, the Company reported net sales of $4.85 billion, an increase of 10 percent from $4.39 billion during the comparable period of the prior fiscal year. Comparable warehouse sales for the year-to-date period increased 6 percent over the prior year's level.
Costco currently operates 338 warehouses, including 242 in the United States, 59 in Canada, 11 in the United Kingdom, three in Korea, three in Taiwan, one in Japan and 19 in Mexico. The Company also operates Costco Online, an electronic commerce web site, at www.costco.com. The Company plans to open an additional 13 to 14 warehouses (including the relocation of two existing warehouses to larger and better-located facilities) prior to the end of the calendar year.
|CONTACT:||Costco Wholesale Corporation|
|Richard Galanti, 425/313-8203|
|Bob Nelson, 425/313-8255|