ISSAQUAH, Wash., April 07, 2021 (GLOBE NEWSWIRE) — Costco Wholesale Company (“Costco” or the “Firm”) (Nasdaq: COST) immediately reported internet gross sales of $18.21 billion for the retail month of March, the 5 weeks ended April 4, 2021, a rise of 17.6 % from $15.49 billion final 12 months.
For the thirty-one weeks ended April 4, 2021, the Firm reported internet gross sales of $111.37 billion, a rise of 15.7 % from $96.25 billion throughout the same interval final 12 months.
Comparable gross sales had been as follows:
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Comparable gross sales excluding the impacts from adjustments in gasoline costs and overseas alternate had been as follows:
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This 12 months’s five-week March retail month had one fewer buying day versus final 12 months, as a result of calendar shift of Easter. This negatively impacted whole and comparable gross sales by roughly one and one-half to 2 %.
Further dialogue of those outcomes is obtainable in a pre-recorded phone message. It may be accessed by dialing 1-855-859-2056 (convention ID 3146223). This message might be accessible via 5:00 p.m. (PT) on Wednesday, April 14, 2021.
Costco at present operates 807 warehouses, together with 559 in the USA and Puerto Rico, 104 in Canada, 39 in Mexico, 29 in the UK, 28 in Japan, 16 in Korea, 14 in Taiwan, 12 in Australia, three in Spain, and one every in Iceland, France, and China. Costco additionally operates e-commerce websites within the U.S., Canada, the UK, Mexico, Korea, Taiwan, Japan, and Australia.
Sure statements contained on this doc and the pre-recorded phone message represent forward-looking statements throughout the that means of the Personal Securities Litigation Reform Act of 1995. For these functions, forward-looking statements are statements that tackle actions, occasions, situations or developments that the Firm expects or anticipates could happen sooner or later. In some circumstances forward-looking statements could be recognized as a result of they comprise phrases equivalent to “anticipate,” “consider,” “proceed,” “might,” “estimate,” “count on,” “intend,” “seemingly,” “could,” “would possibly,” “plan,” “potential,” “predict,” “mission,” “search,” “ought to,” “goal,” “will,” “would,” or related expressions and the negatives of these phrases. Such forward-looking statements contain dangers and uncertainties that will trigger precise occasions, outcomes or efficiency to vary materially from these indicated by such statements. These dangers and uncertainties embrace, however are usually not restricted to, home and worldwide financial situations, together with alternate charges, the results of competitors and regulation, uncertainties within the monetary markets, shopper and small enterprise spending patterns and debt ranges, breaches of safety or privateness of member or enterprise data, situations affecting the acquisition, improvement, possession or use of actual property, capital spending, actions of distributors, rising prices related to workers (typically together with health-care prices), vitality and sure commodities, geopolitical situations (together with tariffs), the power to take care of efficient inner management over monetary reporting, COVID-19 associated components and challenges, together with (amongst others) the period of the pandemic, the unknown long-term financial impression, lowered buying on account of sickness, journey restrictions or monetary hardship, shifts in demand away from discretionary or higher-priced merchandise, lowered workforces on account of sickness, quarantine, or authorities mandates, short-term retailer closures on account of lowered workforces or authorities mandates, or supply-chain disruptions, capability constraints of third-party logistics suppliers, and different dangers recognized every now and then within the Firm’s public statements and stories filed with the Securities and Alternate Fee. Ahead-looking statements communicate solely as of the date they’re made, and the Firm doesn’t undertake to replace these statements, besides as required by regulation.