Costco's January Sales Results

Issaquah, WA-
By DMTV Staff

Costco Wholesale Corporation has reported its January sales results. Net sales for the month of January, the five weeks ending February 3, 2013, increased by seven percent from $8.74 billion during the similar period last year to $9.35 billion. This year’s period was a day short of last year’s, due to the timing of the New Year’s holiday, which negatively impacted total and comparable sales by roughly 2%, according to a press release. The company reported an increase of nine percent in net sales for the first twenty-two weeks of its fiscal year ending Feb. 3. 2013, from $40.18 billion last year to $43.77 billion. Changes in gasoline prices had a slightly negative impact for the five week period and a slightly positive impact for the 22-week period. Stronger foreign currencies also had a positive impact for both periods. On March 12, 2013, the company plans to report its operating results for the second quarter and first half of fiscal year 2013, ending February 17, 2013. A conference call to discuss these results is scheduled for 8:00 a.m. (PT) that day and will be available via web-cast on www.costco.com (click on Investor Relations and "Play webcast"). Also, the company plans to announce its sales results for the four-week month of February on March 7, 2013. Costco