Costco Wholesale (COST) June Comps Flat, +3% Ex-Gas

Costco Wholesale Corporation (NASDAQ: COST) reported net sales of $11.33 billion for the month of June, the five weeks ended July 3, 2016, an increase of three percent from $11.03 billion during the similar period last year. The five-week June reporting periods included 34 selling days in both years for the U.S. and Canada.

For the forty-four weeks ended July 3, 2016, the Company reported net sales of $98.51 billion, an increase of two percent from $96.33 billion during the similar period last year.

Comparable sales for the five-week and forty-four week periods ended July 3, 2016, were as follows:

                                       5 Weeks    44 Weeks

                                     ----------  ----------

                U.S.                     0%          2%

                Canada                   1%         -4%

                Other International     -3%         -4%



                Total Company            0%          0%

                                     ==========  ==========

Comparable sales for these periods excluding the negative impacts from gasoline price deflation and foreign exchange were as follows:

                                       5 Weeks    44 Weeks

                                     ----------  ----------

                U.S.                     2%          4%

                Canada                   7%          9%

                Other International      2%          4%



                Total Company            3%          5%

                                     ==========  ==========

Additional discussion of these results is available in a pre-recorded telephone message. The recording can be accessed by dialing 1-855-859-2056 (conference ID 57699328). This message will be available today through 5:00 p.m. (PT) on Wednesday, July 13, 2016.

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