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Costco Wholesale Corporation Reports November Sales Results
ISSAQUAH, Wash.--(BUSINESS WIRE)--Nov. 30, 2000--Costco Wholesale Corporation ("Costco" or the "Company") (Nasdaq:COST) today reported net sales of $2.66 billion for the four weeks ended November 26, 2000, an increase of 8 percent from $2.46 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 3 percent.
For the first twelve weeks of its 2001 fiscal year ended November 26, 2000, the Company reported net sales of $7.50 billion, an increase of 9 percent from $6.85 billion during the comparable period of the prior fiscal year. Comparable warehouse sales for the year-to-date period increased 5 percent over the prior year's level.
Costco currently operates 346 warehouses, including 250 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 four additional warehouses (including the relocation of one existing warehouse to a larger and better-located facility) prior to the end of the calendar year.
|CONTACT:||Costco Wholesale Corporation|
|Bob Nelson, 425/313-8255|
|Richard Galanti, 425/313-8203|