Costco Wholesale Corporation Reports December Sales Results
04 Janeiro 2024 - 6:15PM
Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq:
COST) today reported net sales of $26.15 billion for the retail
month of December, the five weeks ended December 31, 2023 an
increase of 9.9 percent from $23.80 billion last year.
For the seventeen weeks ended December 31, 2023,
the Company reported net sales of $82.86 billion, an increase of
5.9 percent from $78.26 billion for the seventeen weeks of fiscal
year 2023 ended December 25, 2022.
Net sales for the seventeen weeks were negatively
impacted by approximately one-half to one percent from the shift of
the fiscal calendar, as a result of the fifty-third week in fiscal
year 2023.
Comparable sales for the periods ended December
31, 2023 were as follows:
|
|
|
|
|
5 Weeks |
|
17 Weeks |
U.S. |
7.3% |
|
3.6% |
Canada |
12.8% |
|
8.3% |
Other
International |
10.5% |
|
10.9% |
|
|
|
|
Total
Company |
8.5% |
|
5.2% |
E-commerce |
17.7% |
|
10.2% |
|
|
|
|
Comparable sales excluding the impacts from changes
in gasoline prices and foreign exchange were as follows:
|
|
|
|
|
5 Weeks |
|
17 Weeks |
U.S. |
7.4% |
|
4.1% |
Canada |
11.9% |
|
9.3% |
Other
International |
8.1% |
|
7.4% |
|
|
|
|
Total
Company |
8.1% |
|
5.2% |
E-commerce |
17.4% |
|
10.0% |
|
|
|
|
This year’s retail month of December had one
additional shopping day due to the timing of New Year’s Day. This
benefited total and comparable sales by approximately three
percent.
Additional discussion of these results is available
in a recorded message. It can be accessed by dialing 1-833-348-4737
or by visiting investor.costco.com (click on “Events &
Presentations”). This message will be available through 4:00 p.m.
(PT) on Thursday, January 11, 2024.
Costco currently
operates 871 warehouses, including 600 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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