COSTCO WHOLESALE CORP NEW (COST) SEC Filing 10-K Annual report for the fiscal year ending Sunday, August 28, 2016

View amendments to this 10-K report filed on 10/21/2016
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Exhibit 99.1

 

Press Release    LOGO

 

COSTCO WHOLESALE CORPORATION REPORTS FOURTH QUARTER AND

FISCAL YEAR 2016 OPERATING RESULTS

ISSAQUAH, Wash., September 29, 2016 - 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 ended August 28, 2016.

Net sales for the fourth quarter were $35.73 billion, an increase of two percent from $34.99 billion in fiscal 2015. Net sales for the fiscal year were $116.07 billion, an increase of two percent from $113.67 billion last year.

Comparable sales were as follows:

 

     16 Weeks     52 Weeks  

U.S.

     -1     1

Canada

     2     -3

Other International

     -2     -3

Total Company

     0     0
  

 

 

   

 

 

 

Comparable sales for these periods excluding the negative impacts from gasoline price deflation and foreign exchange were as follows:

 

     16 Weeks     52 Weeks  

U.S.

     2     3

Canada

     5     8

Other International

     1     4

Total Company

     3     4
  

 

 

   

 

 

 

Net income for the fourth quarter was $779 million, or $1.77 per diluted share, compared to $767 million, or $1.73 per diluted share, last year.

Net income for the fiscal year was $2.35 billion, or $5.33 per diluted share, compared to $2.38 billion, or $5.37 per diluted share, last year. Net income last year was positively impacted by a $57 million ($.13 per diluted share) tax benefit in connection with a second-quarter special cash dividend.

Costco ended its 2016 fiscal year and currently operates 715 warehouses, including 501 in the United States and Puerto Rico, 91 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. The Company plans to open up to an additional nine new warehouses (including one relocation) before the end of calendar year 2016. Costco also operates e-commerce web sites in the U.S., Canada, the United Kingdom, Mexico, Korea and Taiwan.


The following information was filed by COSTCO WHOLESALE CORP NEW on Thursday, September 29, 2016 as an 8K 2.02 statement, which is a press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Companies may provide additional information to their SEC Filings as exhibits. Click a link below to view an exhibit that was filed with this report:

Exhibit 10.1.9 - MATERIAL CONTRACT

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Exhibit 10.5.3 - MATERIAL CONTRACT

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Exhibit 21.1 - SUBSIDARIES OF THE REGISTRANT

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Exhibit 23.1 - CONSENTS OF EXPERTS AND COUNSEL

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Exhibit 31.1 - RULE 13A-14A/15D-14A CERTIFICATION

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Exhibit 32.1 - SECTION 1350 CERTIFICATION

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  • Form Type: Annual
  • Number of times amended: 1
  • Accession Number: 0000909832-16-000032
  • Submitted to the SEC: Wednesday, October 12, 2016
  • Accepted by the SEC: Tuesday, October 11, 2016
  • Period Ending: August 2016
Companies
 

COST Morningstar

COSTCO WHOLESALE CORP NEW

$176.82 +0.02 (+0.01%)

Day's Range:
$176.42 to $177.32

52-Week Range:
$138.57 to $178.71

Volume:
844,847

Volume (Avg):
2,345,090

Earnings per Share:
$5.42

PEG / Short / PE Ratios:
3.01 / 2.76 / 32.62

Market Cap:
$77.61B

Book Value:
28.34

EBITDA:
$5.05B