Costco (COST) June U.S. Comps Increase 10.8%
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Revenue Growth %: +9.7%
Financial Fact:
Net income including noncontrolling interests: 785M
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Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $13.55 billion for the retail month of June, the five weeks ended July 8, 2018, an increase of 11.7 percent from $12.13 billion last year. For the first forty-four weeks of fiscal 2018 the Company reported net sales of $116.81 billion, an increase of 12.0 percent from $104.28 billion last year.
Comparable sales were as follows:
| 5 Weeks | 44 Weeks | |||||
| Retail Month | Fiscal Year | |||||
| U.S. | 10.8% | 9.1% | ||||
| Canada | 6.0% | 10.1% | ||||
| Other International | 7.3% | 11.8% | ||||
| Total Company | 9.7% | 9.6% | ||||
| E-commerce | 27.9% | 34.8% | ||||
Comparable sales excluding the impacts from changes in gasoline prices and foreign exchange were as follows:
| 5 Weeks | 44 Weeks | |||||
| Retail Month | Fiscal Year | |||||
| U.S. | 7.7% | 7.2% | ||||
| Canada | 3.4% | 4.0% | ||||
| Other International | 6.9% | 7.2% | ||||
| Total Company | 6.9% | 6.7% | ||||
| E-commerce | 27.7% | 33.6% | ||||
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 73993437). This message will be available through 5:00 p.m. (PT) on Wednesday, July 18, 2018.
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