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Costco Wholesale Corporation Reports January Sales Results
ISSAQUAH, Wash.--(BUSINESS WIRE)--Feb. 3, 2000--Costco Wholesale Corporation ("Costco" or the "Company") (Nasdaq:COST) today reported net sales of $2.12 billion for the four weeks ended January 30, 2000, an increase of 15 percent from $1.85 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 11 percent.
For the first twenty-two weeks of its fiscal year 2000 ended January 30, 2000, the Company reported net sales of $13.33 billion, an increase of 17 percent from $11.44 billion during the first twenty-two weeks of the prior fiscal year. Comparable warehouse sales for this year-to-date period increased 13 percent over the prior year's level.
Costco currently operates 303 warehouses, including 230 in the United States, 59 in Canada, seven in the United Kingdom, three in Korea, three in Taiwan, and a warehouse in Japan; as well as 17 additional warehouses in Mexico with a joint venture partner. The Company also operates Costco Online, an electronic commerce web site, at www.costco.com. The Company plans to open an additional 15 to 20 new warehouses (including three to five relocations of existing warehouses to larger and better-located facilities) prior to the end of its fiscal year 2000 on September 3, 2000.
CONTACT: Costco Wholesale Corporation Richard Galanti, 425/313-8203 Bob Nelson, 425/313-8255