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Costco Wholesale (COST) Reports 4% Increase in Comps for January 2010

February 4, 2010 7:05 AM EST
Costco Wholesale Corporation (NASDAQ: COST) today reported net sales of $5.62 billion for the month of January, the four weeks ended January 31, 2010, an increase of ten percent from $5.09 billion in the same four-week period last year.

For the twenty-two weeks ended January 31, 2010, the Company reported net sales of $32.45 billion, an increase of eight percent from $30.02 billion during the similar period last year.

Comparable sales for the periods ended January 31, 2010, were as follows:

4 Weeks 22 Weeks
------- --------
U.S. 4% 3%
International 25% 18%

Total Company 8% 6%
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Inflation in gasoline prices and strengthening foreign currencies had a positive impact on January's comparable sales. Comparable sales excluding these effects were as follows:

4 Weeks 22 Weeks
------- --------
U.S. 0% 2%
International 9% 8%

Total Company 2% 3%
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