Costco Wholesale Corporation Reports July Sales Results.Business Editors ISSAQUAH, Wash.--(BUSINESS WIRE)--Aug. 8, 2002 Costco Costco Wholesale Corporation (NASDAQ: COST) is the largest membership warehouse club chain in the world based on sales volume, headquartered in Issaquah, Washington, United States,[1] with its flagship warehouse in nearby Seattle. Wholesale Corporation (Nasdaq: COST) today reported net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of $2.96 billion for the four weeks ended August 4, 2002, an increase of 10 percent from $2.70 billion in the same four-week period of the prior fiscal year. For the first forty-eight weeks of its 2002 fiscal year ended August 4, 2002, the Company reported net sales of $34.97 billion, an increase of 11 percent from $31.40 billion during the comparable period of the prior fiscal year. Comparable sales for the 4-week and 48-week periods ended August 4, 2002 were as follows:
4 Weeks 48 Weeks
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US 6% 7%
International 2% 2%
Total Company 5% 6%
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Costco currently operates 393 warehouses, including 289 in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , 60 in Canada Canada (kăn`ədə), independent nation (2001 pop. 30,007,094), 3,851,787 sq mi (9,976,128 sq km), N North America. Canada occupies all of North America N of the United States (and E of Alaska) except for Greenland and the French islands of , 14 in the United Kingdom, five in Korea Korea (kôrē`ə, kə–), Korean Hanguk or Choson, region and historic country (85,049 sq mi/220,277 sq km), E Asia. , three in Taiwan, two in Japan and 20 in Mexico. The Company also operates Costco Online, an electronic commerce web site, at www.costco.com. The Company plans to open one new warehouse prior to the end of its 2002 fiscal year on September 1, 2002. The Company also plans to open an additional 17 to 19 new warehouses (including one relocation RELOCATION, Scotch law, contracts. To let again to renew a lease, is called a relocation. 2. When a tenant holds over after the expiration of his lease, with the consent of his landlord, this will amount to a relocation. of an existing warehouse to a larger and better-located facility) prior to the end of calendar year 2002. |
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