Costco (COST) September Total Comps Increase 15.5%

Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $16.84 billion for the retail month of September, the five weeks ended October 5, 2020, an increase of 16.9 percent from $14.41 billion last year.

Comparable sales were as follows:

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

September sales were positively impacted by two holiday shifts, Labor Day in the U.S. and Chuseok/Moon Festival in Asia. The estimated positive impact on September sales was slightly less than 100 bps worldwide, half relating to each holiday.

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 6559809). This message will be available through 5:00 p.m. (PT) on Wednesday, October 14, 2020. Costco currently operates 796 warehouses, including 552 in the United States and Puerto Rico, 102 in Canada, 39 in Mexico, 29 in the United Kingdom, 27 in Japan, 16 in Korea, 13 in Taiwan, 12 in Australia, three 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, Japan, and Australia.

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