Costco Wholesale Corporation reported net sales of $9.18 billion for the five weeks ended July 1, 2012, up six percent from $8.69 billion during the similar period last year. Both year's five-week periods included 34 days in the U.S. and Canada (U.S. warehouses closed Memorial Day; Canadian warehouses closed July 1st, Canada Day).


For the 44 weeks ended July 1, 2012, the company reported net sales of $80.46 billion, an increase of 10 percent from $73.44 billion during the similar period last year.


Comparable sales for these periods were as follows:
                                    5 Weeks     44 Weeks
                                 ———— ————
                  U.S.                3%           7%
                  International       2%           7%

                  Total Company       3%           7%
                                 ============ ============

Deflation in gasoline prices had a minimal impact on comparable sales for
the five-week period, while inflation in gasoline prices had a positive
impact for the forty-four week period; foreign currencies had a negative
impact for both periods.
Excluding these effects, comparable sales for
these periods were as follows:
                                   5 Weeks     44 Weeks
                                 ———— ————
                  U.S.                3%           6%
                  International       8%           9%

                  Total Company       5%           6%
                                 ============ ============

Costco currently operates 605 warehouses, including 438 in the United
States and Puerto Rico, 82 in Canada, 32 in Mexico, 22 in the United
Kingdom, 13 in Japan, eight in Taiwan, seven in Korea and three in
Australia. The company also operates Costco Online, an electronic
commerce web site, at
www.costco.com and at www.costco.ca in
Canada. The company plans to open up to an additional three new
warehouses prior to the end of its fiscal year on September 2, 2012.