Costco reports 9% incease over same period in 2011
Costco Wholesale Corporation today reported net sales of $7.67 billion for the month of October, the four weeks ended October 28, 2012, an increase of nine percent from $7.01 billion during the similar four-week period last year.
For the first nine weeks of its reporting period ended October 28, 2012, the Company reported net sales of $16.98 billion, an increase of nine percent from $15.62 billion during the similar period last year.
Inflation in gasoline prices, as well as stronger foreign currencies, had a positive impact on comparable sales for both periods.
Costco currently operates 612 warehouses, including 442 in the United States and Puerto Rico, 83 in Canada, 32 in Mexico, 22 in the United Kingdom, 13 in Japan, nine in Taiwan, eight in Korea and three in Australia. The Company plans to open up to ten additional warehouses prior to the end of calendar year 2012. It also operates electronic commerce web sites, at www.costco.com (U.S.), www.costco.ca (Canada), and www.costco.co.uk (United Kingdom).
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