Costco Wholesale (COST) adj.-Comps Rose 1% in July 2016

Costco Wholesale Corporation (Nasdaq: COST) reported net sales of $8.65 billion for the month of July, the four weeks ended July 31, 2016, compared to $8.64 billion during the similar period last year. Due to the timing of the Independence Day holiday, this year's July results included one less sales day in the U.S. than last year. This shift negatively impacted total Company sales by an estimated 2.5% (3.5% in the U.S.).

For the forty-eight weeks ended July 31, 2016, the Company reported net sales of $107.16 billion, an increase of two percent from $104.95 billion during the similar period last year.

Comparable sales for the four-week and forty-eight week periods ended July 31, 2016, were as follows:

                                      4 Weeks     48 Weeks

                                    ----------- ------------



               U.S.                     -3%           1%

               Canada                    3%          -4%

               Other International      -2%          -4%



               Total Company            -2%           0%

                                    =========== ============

Comparable sales for these periods excluding the negative impacts from gasoline price deflation and foreign exchange were as follows:

                                      4 Weeks     48 Weeks

                                    ----------- ------------



               U.S.                      0%           4%

               Canada                    6%           8%

               Other International       2%           4%



               Total Company             1%           4%

                                    =========== ============

Additional discussion of these results is available in a pre-recorded telephone message. The recording can be accessed by dialing 1-855-859-2056 (conference ID 57701033). This message will be available today through 5:00 p.m. (PT) on Wednesday, August 10, 2016

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