Costco Wholesale Corporation Announces March Sales Results | News
ISSAQUAH, Wash., April 06, 2022 (GLOBE NEWSWIRE) — Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced net sales of $21.61 billion for the month of March, the five weeks ended April 3, 2022, an increase of 18.7% from $18.21 billion last year.
For the thirty-one weeks ended April 3, 2022, the company reported net sales of $130.00 billion, an increase of 16.7% from $111.37 billion in the similar period from last year.
Comparable sales were as follows:
Comparable sales excluding the impacts of changes in gas prices and exchange rates were as follows:
This year’s five-week March retail month had an extra shopping day compared to last year, due to the Easter calendar change. This positively impacted total and comparable sales by approximately one and a half to two percent.
Additional discussion of these results is available in a pre-recorded phone message. It can be accessed by dialing 1-855-859-2056 (conference ID 3899395). This message will be available until 5:00 p.m. (PT) on Wednesday, April 13, 2022.
Costco currently operates 829 warehouses, including 573 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, four in Spain , two in France and China, and one in Iceland. Costco also operates e-commerce sites in the United States, Canada, United Kingdom, Mexico, Korea, Taiwan, Japan, and Australia.
Certain statements contained in this document and the pre-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 address activities, events, conditions or developments. that the Company foresees or anticipates in the future. In some cases, forward-looking statements can be identified because they contain words such as “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “have the intention to”, “probable”, “could”, “could”, “plan”, “potential”, “predict”, “project”, “seek”, “should”, “target”, “fly”, “would ” or similar expressions and the negatives of these terms. These forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by these statements. These risks and uncertainties include , but not limited to, domestic and international economic conditions, including currency exchange rates, inflation or deflation, the effects of competition and regulation, financial market uncertainties, spending habits consumers and small businesses t levels of indebtedness, breaches of security or confidentiality of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital expenditure, vendor actions, rising costs associated with employees (generally including health care costs), energy and some commodities, geopolitical conditions (including tariffs and the conflict in Ukraine), capacity to maintain effective internal control over financial reporting, regulatory and other impacts related to climate change, and COVID-19-related factors and challenges, including (among others) the duration of the pandemic, the long-term economic impact unknown term, reduction in purchases due to illness, ns travel restrictions or financial hardship, changes in product demand, reduction in workforce due to illness, quarantine or government mandates, temporary store closures or operational limitations due to government mandates or supply chain disruptions, capacity constraints of third-party logistics providers, and other risks identified from time to time in the Company public statements and reports filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made, and the Company does not undertake to update such statements except as required by law.
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