Costco Wholesale Corporation reported net sales of $6.57 billion for the five weeks ended April 6, 2008, an increase of 11% from $5.93 billion in the same five-week period last year.
Comparable sales for the five-week and thirty-one-week periods ended April 6, 2008, were as follows:
5 Weeks 31 Weeks
——— ———
US 5% 5%
International 17% 17%Total Company 7% 7%
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The U.S. comparable sales figure includes, among other things, the effect of gasoline price inflation, with the average sales price per gallon of gasoline up 20% for the five-week month of March, as compared to the year-earlier March. Excluding gasoline price inflation, U.S. comparable sales would have been up 3%. In addition, foreign exchange rates, primarily in Canada, positively impacted international comparable sales results. On a local currency basis, international comparable sales increased 6% in March.