Costco Wholesale Corporation reported net sales of $6.30 billion for the the four weeks ended Oct. 31, an increase of 11% from $5.69 billion during the similar four-week period last year.
This year's results included sales from the Company's Mexico joint venture, as the company began consolidating its Mexico operations on a prospective basis beginning with its 2011 fiscal year on Aug. 30, 2010; without those sales the increase would have been 8%.
For the first nine weeks of its reporting period ended Oct. 31, the company reported net sales of $13.81 billion, an increase of 10% from $12.53 billion during the similar period last year; excluding Mexico sales the increase would have been 7%.
Comparable sales for the four-week and nine-week periods ended Oct. 31, 2010, including Mexico operations for both last year and this year, were as follows:
4 Weeks 9 Weeks
——– ——–
U.S. 4% 3%
International 14% 14%
Total Company 6% 6%
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Inflation in gasoline prices and strengthening foreign currencies had a positive impact on comparable sales. Excluding these effects, comparable sales for the four-week, and nine-week periods were as follows:
4 Weeks 9 Weeks
——– ——–
U.S. 3% 2%
International 10% 10%
Total Company 5% 4%
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——– ——–
U.S. 3% 2%
International 10% 10%
Total Company 5% 4%
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