Costco Wholesale (COST) Clean Comps Rose 4% in May 2016

Costco Wholesale Corporation (Nasdaq: COST) reported net sales of $9.23 billion for the month of May, the four weeks ended May 29, 2016, an increase of three percent from $8.98 billion during the similar period last year. This year May includes one additional sales day in the U.S. versus last year due to the timing of Memorial Day. This calendar shift positively impacted this year's net and comparable sales by an estimated two and one-half percent (three and one-half percent in the U.S.).

For the thirty-nine weeks ended May 29, 2016, the Company reported net sales of $87.18 billion, an increase of two percent from $85.31 billion during the similar period last year.

Comparable sales for the four-week and thirty-nine week periods ended May 29, 2016, were as follows:

                                                         4 Weeks   39 Weeks

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

U.S.                                                       1%         2%

Canada                                                    -1%        -5%

Other International                                       -3%        -4%



Total Company                                              0%         0%

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

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

                                                         4 Weeks   39 Weeks

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

U.S.                                                       4%         4%

Canada                                                     6%         9%

Other International                                        3%         5%



Total Company                                              4%         5%

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

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 57697768). This message will be available today through 5:00 p.m. (PT) on Wednesday, June 8, 2016.

You May Also Be Interested In

• IBM (IBM) announces mixed Q1 results, HashiCorp acquisition; shares down
• Boeing (BA) Statement on U.S. Air Force Collaborative Combat Aircraft Announcement
• Canadian Pacific Kansas City (CP) Announces Results of Board Elections