Costco Wholesale Corporation Reports March Sales Results.Business Editors ISSAQUAH, Wash.--(BUSINESS WIRE)--April 10, 2003 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 $3.88 billion for the five weeks ended April 6, 2003, an increase of 12 percent from $3.46 billion in the same five-week period of the prior fiscal year. For the first 31 weeks of its 2003 fiscal year ended April 6, 2003, the Company reported net sales of $24.33 billion, an increase of 9 percent from $22.36 billion during the comparable period of the prior fiscal year. Comparable sales for the 5-week and 31-week periods ended April 6, 2003 were as follows:
5 Weeks 31 Weeks
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US 7% 4%
International 12% 6%
Total Company 8% 4%
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Additional discussion of these sales results is available on a pre-recorded telephone message. You can access the recording by dialing 1-800-642-1687 (conference ID# 9720094). This recorded message will be available at 3:00 AM (PDT PDT abbr. Pacific Daylight Time PDT Pacific Daylight Time PDT n abbr (US) (= Pacific Daylight Time) → hora de verano del Pacífico PDT ) today through 5:00 PM (PDT) on Friday Friday: see Sabbath; week. Friday young Indian rescued by Crusoe and kept as servant and companion. [Br. Lit.: Robinson Crusoe] See : Servant , April 11, 2003. Costco currently operates 414 warehouses, including 306 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. and Puerto Rico Puerto Rico (pwār`tō rē`kō), island (2005 est. pop. 3,917,000), 3,508 sq mi (9,086 sq km), West Indies, c.1,000 mi (1,610 km) SE of Miami, Fla. , 61 in Canada, 15 in the United Kingdom, five in Korea, three in Taiwan, three in Japan and 21 in Mexico. The Company also operates Costco Online, an electronic commerce web site, at www.costco.com. The Company plans to open an additional 6 to 8 new warehouses prior to the end of its fiscal year 2003 on August 31, 2003. |
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