Costco Wholesale Corporation reported net sales of $11.2 billion for the five weeks ended Dec. 30, 2012, an increase of 12 percent from $10.05 billion during the similar five-week period last year. This year’s five-week period contained an extra day compared to last year, due to the timing of the New Year’s holiday, which positively impacted total and comparable sales by approximately 2 percent.
For the 17 weeks ended Dec. 30, 2012, the company reported net sales of $34.42 billion, an increase of nine percent from $31.68 billion during the similar period last year.
Comparable sales for the five-week and seventeen-week periods ended Dec. 30, 2012, were as follows:
5 Weeks | 17 Weeks | |||
U.S. | 8% | 6% | ||
International | 10% | 8% | ||
Total Company | 9% | 6% |
Inflation in gasoline prices and stronger foreign currencies had a positive impact on comparable sales. Excluding these effects, comparable sales were as follows:
5 Weeks | 17 Weeks | |||
U.S. | 8% | 5% | ||
International | 6% | 5% | ||
Total Company | 8% | 5% |