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Costco Wholesale reports August, fourth quarter and fiscal year 2014 sales results

Published 05 September 2014

Costco Wholesale Corporation today reported net sales of $8.8 billion for the month of August, the four weeks ended August 31, 2014, an increase of ten percent from $8.0 billion during the similar period last year.

For the 16-week fourth quarter, the Company reported net sales of $34.8 billion, an increase of nine percent from $31.8 billion in the fourth quarter of fiscal year 2013, ended September 1, 2013.

For the 52-week fiscal year ended August 31, 2014, the Company reported net sales of $110.2 billion, an increase of seven percent from the $102.9 billion reported in fiscal year 2013, ended September 1, 2013.

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 96621738). This message will be available today through 5:00 p.m. (PT) on September 5, 2014.

The Company plans to release its operating results for the fourth quarter and fiscal year ended August 31, 2014, on October 8, 2014. A conference call to discuss these results is scheduled for 8:00 a.m. (PT) that day and will available via webcast on www.costco.com (click on Investor Relations and "webcasts").

Costco ended its fiscal year 2014 with 663 warehouses in operation, including 468 in the United States and Puerto Rico, 88 in Canada, 33 in Mexico, 26 in the United Kingdom, 20 in Japan, 11 in Korea, 10 in Taiwan, six in Australia and one in Spain. The Company plans to open up to an additional nine new warehouses (including one relocation) before the end of calendar year 2014. Costco also operates electronic commerce web sites in the U.S., Canada, the United Kingdom and Mexico.



Source: Company Press Release