Costco Wholesale Corporation reported net sales of $5.11 billion for the month of January, the four weeks ended February 3, 2008, an increase of 11 percent from $4.62 billion in the same four-week period last year.
For the first twenty-two weeks of its reporting period ended February 3, 2008, the Company reported net sales of $29.64 billion, an increase of 11 percent from $26.65 billion during the similar twenty-two-week period last year.
Comparable sales for the four-week and twenty-two-week periods ended February 3, 2008, were as follows:
4 Weeks:
US: 5%
International: 19%
Total Company: 7%
22 Weeks:
US: 5%
International: 17%
Total Company: 8%
The U.S. comparable sales figure includes, among other things, the effect of gasoline price inflation, with the average sales price per gallon of gasoline up 31% for the four-week month of January, as compared to the year-earlier January. Excluding gasoline price inflation, U.S. comparable sales would have been up 3%.
In addition, foreign exchange rates, primarily in Canada, positively impacted international comparable sales results. On a local currency basis, international comparable sales increased 9% in January.
Costco Wholesale Corporation
marketing@alchempro.com
