COSTCO WHOLESALE CORP NEW (COST) SEC Filing 10-K Annual report for the fiscal year ending Sunday, September 3, 2017

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Exhibit 99.1

 

Press Release    LOGO

 

COSTCO WHOLESALE CORPORATION REPORTS FOURTH QUARTER AND

FISCAL YEAR 2017 OPERATING RESULTS AND SEPTEMBER SALES RESULTS

ISSAQUAH, Wash., October 5, 2017- Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced its operating results for the 17-week fourth quarter and the 53-week fiscal year ended September 3, 2017.

Net sales for the 17-week fourth quarter were $41.36 billion, an increase of 15.8 percent from $35.73 billion in the 16-week fourth quarter of fiscal 2016. Net sales for the 53-week fiscal year were $126.17 billion, an increase of 8.7 percent from $116.07 billion in the 52-week fiscal year of 2016.

The Company today also reported net sales of $12.40 billion for the month of September, the five weeks ended October 1, 2017, an increase of 12.1 percent from $11.06 billion during the similar period last year. (The five-week period this year included the last week of the 53-week fiscal year 2017 ended September 3, 2017).

Comparable sales for the 17-week fourth quarter, the 53-week fiscal year, and the 5-week September retail sales month were as follows:

 

     17 Weeks     53 Weeks     Sept. 5 Weeks  

U.S.

     6.5     4.4     9.0

Canada

     4.9     4.7     9.4

Other International

     5.6     2.1     8.2

Total Company

     6.1     4.1     8.9
  

 

 

   

 

 

   

 

 

 

E-commerce

     21     13     30
  

 

 

   

 

 

   

 

 

 

Comparable sales for these periods excluding the impacts from changes in gasoline prices and foreign exchange were as follows:

 

     17 Weeks     53 Weeks     Sept. 5 Weeks  

U.S.

     5.8     3.7     7.1

Canada

     4.8     3.8     1.4

Other International

     6.0     4.5     7.2

Total Company

     5.7     3.8     6.2
  

 

 

   

 

 

   

 

 

 

Net income for the 17-week fourth quarter was $919 million, or $2.08 per diluted share, compared to $779 million, or $1.77 per diluted share, in the 16-week fourth quarter last year.

Net income for the 53-week fiscal year was $2.68 billion, or $6.08 per diluted share, compared to $2.35 billion, or $5.33 per diluted share, in the 52-week prior year. Net income was positively impacted by an $82 million ($0.19 per diluted share) tax benefit in connection with the third-quarter special cash dividend and other net benefits of approximately $51 million ($0.07 per diluted share after tax) for nonrecurring net legal and other matters.


The following information was filed by COSTCO WHOLESALE CORP NEW on Thursday, October 5, 2017 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 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: 0
  • Accession Number: 0000909832-17-000014
  • Submitted to the SEC: Wednesday, October 18, 2017
  • Accepted by the SEC: Tuesday, October 17, 2017
  • Period Ending: September 2017
Companies
 

COST Morningstar

COSTCO WHOLESALE CORP NEW

$160.77 +2.31 (+1.46%)

Day's Range:
$158.51 to $161.01

52-Week Range:
$142.11 to $183.18

Volume:
3,993,227

Volume (Avg):
3,473,040

Earnings per Share:
$6.08

PEG / Short / PE Ratios:
2.49 / 3.11 / 26.44

Market Cap:
$70.29B

Book Value:
24.65

EBITDA:
$5.35B

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