Costco Wholesale Corporation reported net sales of $6.35 billion for the month of June, the five weeks ended July 8, 2007, an increase of 10 percent from $5.78 billion in the same five-week period last year.
For the first forty-five weeks of its reporting period ended July 8, 2007, the Company reported net sales of $54.31 billion, an increase of 9 percent from $49.88 billion during the similar 45-week period of the prior year.
The fiscal 2007 year-to-date net sales results include the $452 million adjustment to the sales returns reserve previously reported in the fiscal 2007 second and third quarter results. Excluding the adjustment, net sales for the 45-week year-to-date period were $54.76 billion, representing a 10% increase over the prior year.
Comparable sales for the five-week retail-reporting month of June and the 45-week retail-reporting period of September through June are as follows:
5 Weeks:
US : 5%
International: 10%
Total Company: 6%
45 Weeks:
US : 5%
International: 8%
Total Company: 5%
Additional discussion of these sales results is available on a pre-recorded telephone message. This recorded message will be available through 12th july, 2007 5:00 p.m. (PT) on Friday, July 13, 2007.
Costco Wholesale Corporation
marketing@alchempro.com
