Costco Wholesale Corporation reported net sales of $3.79 billion for the four weeks ended October 31, 2004, an increase of 11 percent from $3.42 billion in the same four-week period of the prior fiscal year.
For the first 9 weeks of its 2005 fiscal year ended October 31,
2004, the Company reported net sales of $8.32 billion, an increase of
11 percent from $7.49 billion during the similar 9-week period of the
prior fiscal year.
Comparable sales for the 4-week and 9-week periods ended October
31, 2004, were as follows:
4 Weeks 9 Weeks ------------ ------------ US 7% 8% International 9% 9% Total Company 8% 8% ============ ============
Reported net sales were reduced by the implementation of Emerging
Issues Task Force Issue No. 03-10 (“EITF 03-10”), “Application of
Issue No. 02-16 by Resellers to Sales Incentives Offered to Consumers
by Manufacturers,” which was effective at the beginning of the
Company's fiscal 2004 third quarter, February 16, 2004. Had sales for
the 4-week and 9-week periods last year been reported under EITF
03-10, total Company reported net sales increases would have been 11
percent and 12 percent, respectively, and total Company comparable
sales increases would have been 8 percent and 8 percent, respectively.