Costco Wholesale Corporation Reports Fourth Quarter and Fiscal Year 2013 Operating Results and September Sales Results
(firmenpresse) - ISSAQUAH, WA -- (Marketwired) -- 10/09/13 -- Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST) today announced its operating results for the 16-week fourth quarter and the 52-week fiscal year 2013 ended September 1, 2013, and its September sales results for the five weeks ended October 6, 2013.
Net sales for the 16-week fourth quarter were $31.77 billion, an increase of one percent from $31.52 billion in the 17-week fourth quarter of fiscal 2012 ended September 2, 2012. Net sales for the 52-week fiscal year 2013 were $102.87 billion, an increase of six percent from $97.06 billion in the prior 53-week fiscal year.
Comparable sales were as follows:
For the 16-week period, changes in foreign exchange rates had a negative impact on comparable sales. Excluding this impact, comparable sales were as follows:
Net income for the fourth quarter of fiscal 2013 was $617 million, or $1.40 per diluted share, compared to $609 million, or $1.39 per diluted share, during the fourth quarter of fiscal 2012.
Net income for fiscal 2013 was $2.04 billion, or $4.63 per diluted share, compared to $1.71 billion, or $3.89 per diluted share, in fiscal year 2012. Net income for fiscal 2013 was positively impacted by a second quarter $62 million ($.14 per diluted share) tax benefit in connection with the portion of the special cash dividend paid in December 2012 to the Company 401(k) plan participants.
For the five-week reporting month of September, ended October 6, 2013, the Company reported net sales of $9.86 billion, an increase of six percent from $9.33 billion during the similar five-week period last year.
Comparable sales for the five-week period ended October 6, 2013, were as follows:
Comparable sales for the five-week period, excluding negative impacts from gasoline price deflation and foreign exchange, were as follows:
Costco currently operates 638 warehouses, including 454 in the United States and Puerto Rico, 85 in Canada, 34 in Mexico, 25 in the United Kingdom, 18 in Japan, 10 in Taiwan, nine in Korea, and three in Australia. The Company plans to open up to an additional 11 new warehouses before the end of calendar year 2013. Costco also operates electronic commerce web sites, at (U.S.), (Canada), and (United Kingdom).
A conference call to discuss these fiscal 2013 fourth quarter and year-end operating results and September sales is scheduled for 7:00 a.m. (PT) today, October 9, 2013, and is available via a webcast on (click on Investor Relations and "Play Webcast").
Certain statements contained in this document constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, conditions affecting the acquisition, development, ownership or use of real estate, amounts expected to be spent on expansion plans, actions of vendors, rising costs associated with employees (including health care costs), energy, and certain commodities, geopolitical conditions, and other risks identified from time to time in the Company's public statements and reports filed with the Securities and Exchange Commission.
Richard Galanti
425/313-8203
Bob Nelson
425/313-8255
Jeff Elliott
425/313-8264
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Datum: 09.10.2013 - 01:01 Uhr
Sprache: Deutsch
News-ID 1270871
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