Costco Wholesale Corporation Reports November Sales Results and the Passing of Long-Time Board Member, Charles Munger
29 Novembro 2023 - 6:15PM
Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq:
COST) today reported net sales of $20.14 billion for the retail
month of November, the four weeks ended November 26, 2023, an
increase of 5.1 percent from $19.17 billion last year.
For the twelve weeks ended November 26, 2023,
the Company reported net sales of $56.71 billion, an increase of
6.1 percent from $53.44 billion for the twelve weeks of fiscal year
2023 ended November 20, 2022.
Net sales for the twelve weeks were benefitted
by approximately one-half to one percent in the U.S. and worldwide
from the shift of the fiscal calendar, as a result of the
fifty-third week in fiscal year 2023.
The following comparable sales reflect
comparable locations year-over-year and comparable retail
weeks.
Comparable sales for the periods ended November
26, 2023 were as follows:
|
|
|
|
|
4 Weeks |
|
12 Weeks |
U.S. |
1.8% |
|
2.0% |
Canada |
4.4% |
|
6.4% |
Other
International |
11.7% |
|
11.2% |
|
|
|
|
Total
Company |
3.5% |
|
3.8% |
E-commerce |
9.9% |
|
6.3% |
|
|
|
|
Comparable sales excluding the impacts from
changes in gasoline prices and foreign exchange were as
follows:
|
|
|
|
|
4 Weeks |
|
12 Weeks |
U.S. |
3.0% |
|
2.6% |
Canada |
7.9% |
|
8.2% |
Other
International |
8.8% |
|
7.1% |
|
|
|
|
Total
Company |
4.4% |
|
3.9% |
E-commerce |
9.8% |
|
6.1% |
|
|
|
|
Additional discussion of these results is
available in a recorded message. It can be accessed by dialing
1-866-428-3635 or by visiting investor.costco.com (click on “Events
& Presentations”). This message will be available through 5:00
p.m. (PT) on Wednesday, December 6, 2023. The Company acknowledges
the recent passing of its long-time friend and board member Charles
Munger, as he approached his one-hundredth birthday. Craig Jelinek,
Chief Executive Officer, commented: "No one loved Costco more than
Charlie. The Company benefited greatly from his wisdom over
the last quarter-century plus. We at Costco extend our deep
condolences to his family."
Costco currently operates 870 warehouses,
including 599 in the United States and Puerto Rico, 108 in Canada,
40 in Mexico, 33 in Japan, 29 in the United Kingdom, 18 in Korea,
15 in Australia, 14 in Taiwan, five in China, four in Spain, two in
France, and one each in Iceland, New Zealand and Sweden. Costco
also operates e-commerce sites in the U.S., Canada, the U.K.,
Mexico, Korea, Taiwan, Japan and Australia.
Certain statements contained in this document
and the pre-recorded 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,” “predict,”
“project,” “seek,” “should,” “target,” “will,” “would,” or similar
expressions and the negatives of those terms. 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, inflation or
deflation, 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 (including tariffs and the
Ukraine conflict), the ability to maintain effective internal
control over financial reporting, regulatory and other impacts
related to climate change, public-health related factors, 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. Comparable sales and
comparable sales excluding impacts from changes in gasoline prices
and foreign exchange are intended as supplemental information and
are not a substitute for net sales presented in accordance with
GAAP.
CONTACTS: |
Costco
Wholesale Corporation |
|
Richard Galanti, 425/313-8203 |
|
David Sherwood, 425/313-8239 |
|
Josh Dahmen, 425/313-8254 |
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