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COST - Costco Wholesale News Story

$380.88 -3.9  -1.0%

Last Trade - 18/06/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £121.93bn
Enterprise Value £119.73bn
Revenue £135.16bn
Position in Universe 67th / 6927

Costco Wholesale Corporation Reports April Sales Results

Wed 5th May, 2021 9:15pm
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ISSAQUAH, Wash., May 05, 2021 (GLOBE NEWSWIRE) -- Costco Wholesale Corporation
(“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of
$15.21 billion for the retail month of April, the four weeks ended May 2,
2021, an increase of 33.5 percent from $11.39 billion last year.

For the thirty-five weeks ended May 2, 2021, the Company reported net sales of
$126.58 billion, an increase of 17.6 percent from $107.64 billion last year.

Comparable sales were as follows:

                                               
                        4 Weeks    35 Weeks    
   U.S.                 30.4%      14.5%       
   Canada               44.0%      19.7%       
   Other International  33.5%      20.8%       
                                               
   Total Company        32.5%      16.1%       
                                               
   E-commerce           20.5%      67.7%       
                                               

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

                                               
                        4 Weeks    35 Weeks    
   U.S.                 24.9%      15.0%       
   Canada               23.8%      14.7%       
   Other International  20.3%      16.2%       
                                               
   Total Company        24.2%      15.1%       
                                               
   E-commerce           17.3%      66.2%       
                                               

This year’s April retail month had one additional shopping day versus last
year, due to the calendar shift of Easter. This positively impacted total and
comparable sales by approximately two and one-half percent.

Additional discussion of these results is available in a pre-recorded
telephone message. It can be accessed by dialing 1-855-859-2056 (conference ID
4159061). This message will be available through 5:00 p.m. (PT) on Wednesday,
May 12, 2021. 
 
 Costco currently operates 809 warehouses, including 559 in the United States
and Puerto Rico, 105 in Canada, 39 in Mexico, 29 in the United Kingdom, 29 in
Japan, 16 in Korea, 14 in Taiwan, 12 in Australia, three in Spain, and one
each in Iceland, France, and China. Costco also operates e-commerce sites in
the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan, and
Australia.

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. 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, 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), the ability to
maintain effective internal control over financial reporting, COVID-19 related
factors and challenges, including (among others) the duration of the pandemic,
the unknown long-term economic impact, reduced shopping due to illness, travel
restrictions or financial hardship, shifts in demand away from discretionary
or higher-priced products, reduced workforces due to illness, quarantine, or
government mandates, temporary store closures due to reduced workforces or
government mandates, or supply-chain disruptions, capacity constraints of
third-party logistics suppliers, 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.

 CONTACTS:  Costco Wholesale Corporation   
            Richard Galanti, 425/313-8203  
            Bob Nelson, 425/313-8255       
            David Sherwood, 425/313-8239   
            Josh Dahmen, 425/313-8254      

                

 



GlobeNewswire, Inc. 2021
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