Costco Wholesale Corporation R – GuruFocus.com

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ISSAQUAH, Wash., June 2, 2022 (GLOBE NEWSWIRE) — Costco Wholesale Corporation (“Costco” or the “Company”) (COST) today reported net sales of $18.23 billion for the retail month of May, the four Weeks ended May January 2022, up 16.9 percent from $15.59 billion a year earlier.

For the thirty-nine weeks ended May 29, 2022, the company reported net sales of $165.56 billion, an increase of 16.5 percent from $142.17 billion for the same period last year.

Comparable sales were as follows:

4 weeks 39 weeks
US 17.5% 16.0%
Canada 17.4% 16.2%
Other International 2.6% 7.8%
entire company 15.5% 14.9%
Ecommerce 6.3% 11.1%

Comparable revenues excluding the impact of fuel price and exchange rate changes were as follows:

4 weeks 39 weeks
US 10.7% 10.7%
Canada 19.5% 11.9%
Other International 10.1% 9.6%
entire company 11.8% 10.7%
Ecommerce 7.7% 11.1%

Additional discussion of these results is available in a pre-recorded phone message. It can be reached at 1-888-713-6157. This message is available until Thursday, June 9, 2022 at 5:00 p.m. PT.

Costco currently operates 830 warehouses, including 574 in the United States and Puerto Rico, 105 in Canada, 40 in Mexico, 30 in Japan, 29 in the United Kingdom, 16 in Korea, 14 in Taiwan, 13 in Australia, and four in Spain, each two in France and China and one in Iceland. Costco also operates e-commerce websites in the US, Canada, UK, Mexico, Korea, Taiwan, Japan and Australia.

Certain statements contained in this document and the recorded telephone message constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that relate to activities, events, conditions or developments that the Company anticipates or expected that they might occur in the future. In some cases, forward-looking statements are identifiable by the fact that they contain words such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “likely”, “may” , “could”, “plan”, “potential”, “predict”, “project”, “aim”, “should”, “aim”, “will”, “would” or similar expressions and their negative terms. Such forward-looking statements involve risks and uncertainties that could cause actual events, results or performance to differ materially from those indicated in such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, inflation or deflation, the effects of competition and regulation, uncertainties in financial markets, consumer and small business spending patterns and levels of debt, breaches of security or confidentiality of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital expenditures, vendor actions, rising employee-related costs (generally including healthcare costs), energy and certain commodities, geopolitical conditions (including tariffs and Ukraine conflict), the ability to maintain effective internal control over financial reporting, regulatory and other impacts related to climate change, and factors and challenges Changes related to COVID-19, including (but not limited to) the duration of the pandemic, the unknown long-term economic impact, reduced purchases due to illness, travel restrictions ns or financial emergencies, shifts in demand for products, reduced workforce due to illness, quarantine or governmental orders, temporary business closures or restrictions on operations due to governmental orders or supply chain disruptions, capacity limitations of third-party logistics providers and other risks identified from time to time in the Company’s public statements and reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date on which they are made, and the company undertakes no obligation to update these statements, except as required by law.

CONTACTS: Costco Wholesale Corporation
Richard Galanti, 425/313-8203
Bob Nelson, 425/313-8255
David Sherwood, 425/313-8239
Josh Dahmen, 425/313-8254

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