Costco (COST) June Comps Increase 5.4%

Costco Wholesale Corporation (Nasdaq: COST) today reported net sales of $14.57 billion for the retail month of June, the five weeks ended July 7, 2019, an increase of 7.5 percent from $13.55 billion last year.

For the forty-four weeks ended July 7, 2019, the Company reported net sales of $126.13 billion, an increase of 8.0 percent from $116.81 billion during the similar period last year.

Comparable sales were as follows:

Comparable sales excluding the impacts from changes in gasoline prices, foreign exchange, and a previously disclosed accounting change concerning revenue recognition (ASC 606) were as follows:

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 4158608). This message will be available through 5:00 p.m. (PT) on Wednesday, July 17, 2019.

Costco currently operates 776 warehouses, including 539 in the United States and Puerto Rico, 100 in Canada, 39 in Mexico, 28 in the United Kingdom, 26 in Japan, 16 in Korea, 13 in Taiwan, 11 in Australia, two in Spain, and one each in Iceland and France. Costco also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, and Taiwan.

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