Costco Wholesale (COST) adj.-Comps Rose 2% in November

Costco Wholesale Corporation (Nasdaq: COST) reported net sales of $9.95 billion for the month of November, the four weeks ended November 27, 2016, an increase of three percent from $9.68 billion during the similar period last year.

For the twelve-week first quarter ended November 20, 2016, the Company reported net sales of $27.47 billion, an increase of three percent from $26.63 billion during the first quarter last year.

For the thirteen weeks ended November 27, 2016, the Company reported net sales of $30.12 billion, an increase of three percent from $29.20 billion during the similar period last year.

Comparable sales were as follows:

                                           4 Weeks   12 Weeks   13 Weeks

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

  U.S.                                       1%         1%         1%

  Canada                                     1%         4%         4%

  Other International                        -2%        0%         -1%



    Total Company                            1%         1%         1%

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

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

                                           4 Weeks   12 Weeks   13 Weeks

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

  U.S.                                       1%         1%         1%

  Canada                                     3%         5%         4%

  Other International                        4%         3%         2%



    Total Company                            2%         2%         2%

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

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 57709095). This message will be available today through 5:00 p.m. (PT) on Wednesday, December 7, 2016.

The Company plans to release its operating results for the first quarter of fiscal 2017 ended November 20, 2016, on December 7, 2016. A conference call to discuss these results is scheduled for 2:00 p.m. (PT) that day, and will be available via webcast on www.costco.com (click on Investor Relations and "webcasts").

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