Costco (COST) Dec. Total Comps Increase 9%

Costco Wholesale Corporation (Nasdaq: COST) today reported net sales of $17.04 billion for the retail month of December, the five weeks ended January 5, 2020, an increase of 10.5 percent from $15.42 billion last year.

For the 18 weeks ended January 5, 2020, the Company reported net sales of $56.99 billion, an increase of 7.5 percent from $52.99 billion during the similar period last year.

Comparable sales were as follows:

Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows:

E-commerce sales in December were positively impacted by an estimated 20 percentage points, due to Thanksgiving/Black Friday/Cyber Monday occurring a week later this year versus last year. Total and comparable sales were positively impacted by approximately one percent.

Additional discussion of these results is available in a pre-recorded telephone message. It can be accessed by dialing 1-855-859-2056 (conference ID 3436749). This message will be available through 5:00 p.m. (PT) on Wednesday, January 15, 2020.

Costco currently operates 785 warehouses, including 546 in the United States and Puerto Rico, 100 in Canada, 39 in Mexico, 29 in the United Kingdom, 26 in Japan, 16 in Korea, 13 in Taiwan, 11 in Australia, two in Spain, and one each in Iceland, France, and China. Costco also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan and Japan.

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