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Comp Gains Cruise Costco Through June

Today, Costco Wholesale Corp. reported that comparable store sales for the month of June, excluding the impact of gasoline and foreign exchange rate fluctuation, gained 6% in the United States and 8% internationally, for a company total of 6%. June net sales were $9.92 billion versus $9.16 billion in the same period last year.

With the effects of gasoline and foreign exchange rate changes, June comparable store sales gained 6% domestically and 6% internationally, for a company total of 6%.

In a conference call, Costco reported that Texas, the Southeast and the Midwest were the strongest sales regions in June.

By category, the retailer related in the call, comps in the Softlines categories, including home goods, advanced in the low double digits with better segments including small appliances and housewares. Hardlines comp gains were in the mid single digit range, with lawn and garden, and health and beauty aids among the stronger segments. Comps in the Food and Sundries category increased in the mid single digit range while those in Fresh Foods advanced in the mid to high single digits.

Costco noted that it currently operates 628 warehouse clubs, including 450 in the United States and Puerto Rico, 85 in Canada, 33 in Mexico, 24 in the United Kingdom, 15 in Japan, nine in Taiwan, nine in Korea and three in Australia. The company said it plans to open up to an additional six new clubs prior to the end of its fiscal year on September 1. Costco also operates e-commerce web sites at www.costco.com in the U.S., www.costco.ca in Canada, and www.costco.co.uk in the U.K.


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