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Costco (COST) August Comp Sales Rise 9.2%, 8% Ex-Gas and Forex

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September 6, 2018 4:18 PM EDT

Costco Wholesale Corporation (Nasdaq: COST) today reported net sales of $11.0 billion for the retail month of August, the four weeks ended September 2, 2018, an increase of 12.2 percent from $9.8 billion last year.

For the 16-week fourth quarter, the Company reported net sales of $43.4 billion, an increase of 5.0 percent compared to net sales of $41.4 billion in the 17-week fourth quarter of fiscal year 2017.

For the 52-week fiscal year ended September 2, 2018, the Company reported net sales of $138.4 billion, an increase of 9.7 percent from the $126.2 billion reported in the 53-week fiscal year 2017.

Comparable sales were as follows:

4 Weeks 16 Weeks 52 Weeks
Retail Month Fourth Quarter Fiscal Year
U.S.11.3% 10.8% 9.4%
Canada2.7% 5.7% 8.9%
Other International5.3% 6.7% 10.8%
Total Company9.2% 9.5% 9.5%
E-commerce 23.8% 26.2% 32.2%

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

4 Weeks 16 Weeks 52 Weeks
Retail Month Fourth Quarter Fiscal Year
U.S.8.9% 7.8% 7.4%
Canada4.8% 4.6% 4.1%
Other International6.8% 6.9% 7.1%
Total Company8.0% 7.2% 6.8%
E-commerce 24.5% 26.3% 31.3%

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 73993619). This message will be available through 5:00 p.m. (PT) on Wednesday, September 12, 2018.


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