Costco Wholesale Corporation reported net sales of $5.83 billion for the month of April, the four weeks ended May 2, 2010, an increase of 13% percent from $5.18 billion in the same four-week period last year.
This year’s four-week period for April included 28 days of sales compared to 27 last year, when Easter fell in the reporting month. This calendar shift positively impacted this year’s April total and comparable sales by approximately two to three percent.
For the thirty-five weeks ended May 2, 2010, the company reported net sales of $51.04 billion, an increase of 9% from $46.66 billion during the similar period last year.
Comparable sales for the periods ended May 2, 2010, were as follows:
4 Weeks 35 Weeks
———- ———-
U.S. 6% 4%
International 29% 22%
Total Company 11% 7%
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Inflation in gasoline prices and strengthening foreign currencies had a positive impact on comparable sales. Excluding these effects, the April and year-to-date comparable sales were as follows:
4 Weeks 35 Weeks
———- ———-
U.S. 3% 2%
International 10% 9%
Total Company 4% 3%
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