Net sales for the quarter increased 12.5 percent, to
Comparable sales for the fourth quarter and the fiscal year were as follows:
16 Weeks 16 Weeks 52 Weeks 52 Weeks
Adjusted* Adjusted*
U.S. 11.0% 13.6% 8.1% 9.2%
Canada 9.1% 12.6% 5.0% 7.4%
Other International 16.1% 18.8% 8.9% 11.2%
Total Company 11.4% 14.1% 7.7% 9.2%
E-commerce 90.6% 91.3% 49.5% 50.1%
*Excluding the impacts from changes in gasoline prices and foreign exchange.
Net income for the fourth quarter was
Net income for the fiscal year was
A conference call to discuss these results is scheduled for
See detais at: https://investor.costco.com/news-releases/news-release-details/costco-wholesale-corporation-reports-fourth-quarter-and-12
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. In some cases forward-looking statements can be identified because they contain words such as 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'likely,' 'may,' 'might,' 'plan,' 'potential,' 'predict,' 'project,' 'seek,' 'should,' 'target,' 'will,' 'would,' or similar expressions and the negatives of those terms. 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 (generally including health-care costs), energy and certain commodities, geopolitical conditions (including tariffs), the ability to maintain effective internal control over financial reporting, COVID-19 related factors and challenges, including among others, the duration of the pandemic, the unknown long-term economic impacts, reduced customer shopping due to illness, travel restrictions or financial hardship, shifts in demand away from discretionary or higher-priced products, reduced workforce due to illness, quarantine, or government mandates, temporary store closures due to reduced workforces or government mandates, or supply-chain disruptions, and other risks identified from time to time in the Company's public statements and reports filed with the
CONTACTS:Costco Wholesale Corporation
Josh Dahmen , 425/313-8254
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