Costco Wholesale Corporation Reports First Quarter Fiscal Year 2017 Operating Results
(firmenpresse) - ISSAQUAH, WA -- (Marketwired) -- 12/07/16 -- Costco Wholesale Corporation ("Costco" or the "Company") (NASDAQ: COST) today announced its operating results for the first quarter (twelve weeks) of fiscal 2017, ended November 20, 2016.
Net sales for the first quarter were $27.47 billion, an increase of three percent, from $26.63 billion during the first quarter last year.
Comparable sales for the first quarter of fiscal 2017 were as follows:
Comparable sales for the quarter excluding the impacts from changes in gasoline prices and foreign exchange were as follows:
Net income for the quarter was $545 million, or $1.24 per diluted share, compared to $480 million, or $1.09 per diluted share, last year. This year''s first quarter benefited from a non-recurring $51 million ($.07 per diluted share after tax) legal settlement.
Costco currently operates 723 warehouses, including 506 in the United States and Puerto Rico, 94 in Canada, 36 in Mexico, 28 in the United Kingdom, 25 in Japan, 12 in Korea, 12 in Taiwan, eight in Australia and two in Spain. Costco also operates electronic commerce web sites in the U.S., Canada, the United Kingdom, Mexico, Korea and Taiwan.
A conference call to discuss these results is scheduled for 2:00 p.m. (PT) today, December 7, 2016, 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, breaches of security or privacy of member or business information, conditions affecting the acquisition, development, ownership or use of real estate, capital spending, 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. Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements, except as required by law.
CONTACTS:
Costco Wholesale Corporation
Bob Nelson
425/313-8255
Jeff Elliott
425/313-8264
David Sherwood
425/313-8239
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Datum: 07.12.2016 - 15:15 Uhr
Sprache: Deutsch
News-ID 1474439
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Apparel
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