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November 1, 2017 at 9:01 PM EDT

Costco Wholesale Corporation Reports October Sales Results

(Revised - 11/1/17 - 9:50 PM PT*)

ISSAQUAH, Wash., Nov. 01, 2017 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq:COST) today reported net sales of $10.02 billion for the month of October, the four weeks ended October 29, 2017, an increase of 10.1 percent from $9.11 billion during the similar period last year.

For the first eight weeks of fiscal year 2018 ended October 29, 2017, the Company reported net sales of $19.87 billion, an increase of 11.3 percent from $17.85 billion for the first eight weeks of fiscal 2017 ended October 23, 2016.

Comparable sales for the four week retail month and for the first eight weeks of our 2018 fiscal year, both ended October 29, 2017, were as follows:

  4 Weeks   8 Weeks
  Retail Month   Fiscal Year
U.S. 7.0%   8.1%
Canada 9.0%   9.0%
Other International 8.2%   8.9%
Total Company 7.5%   8.3%
E-commerce 31.0%   32.2%

Comparable sales for these periods excluding the impacts from changes in gasoline prices and foreign exchange were as follows:

  4 Weeks   8 Weeks
  Retail Month   Fiscal Year
U.S. 5.9%   6.6%*
Canada 2.8%   1.7%
Other International 7.4%   8.0%
Total Company 5.6%   6.0%

*The U.S. comparable sales figure excluding the impacts from changes in gasoline prices and foreign exchange for the eight week YTD period was initially reported incorrectly as 8.1%.

Additional discussion of these results is available in a pre-recorded telephone message. The recording can be accessed by dialing 1-855-859-2056 (conference ID 92708228). This message will be available today through 5:00 p.m. (PT) on Wednesday, November 8, 2017.

Costco currently operates 744 warehouses, including 517 in the United States and Puerto Rico, 97 in Canada, 37 in Mexico, 28 in the United Kingdom, 26 in Japan, 13 in Korea, 13 in Taiwan, nine in Australia, two in Spain, one in Iceland and one in France. Costco also operates electronic commerce web 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 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.  Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital spending, actions of vendors, rising costs associated with employees (generally including health care costs), energy and certain commodities, geopolitical conditions, and other risks identified from time to time in the Company’s public statements and reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company does not undertake to update these statements, except as required by law.

Costco Wholesale Corporation
Richard Galanti, 425/313-8203
Bob Nelson, 425/313-8255
David Sherwood, 425/313-8239

Costco Wholesale Corporation