Costco reports August, quarterly and fiscal year sales increases

Costco Wholesale Corp., Issaquah, Wash., reported net sales of $5.9 billion for the month of August, the four weeks ended August 29, 2010, an increase of nine percent from $5.4 billion in the same four-week period last year.

Net sales for the fiscal 2010 fourth quarter, the 16 weeks ended August 29, 2010, were $23.6 billion, an increase of eight percent from $21.9 billion in the 16-week fourth quarter of fiscal 2009 ended August 30, 2009.

Net sales for the 52-week fiscal year 2010 were $76.3 billion, an increase of nine percent from $69.9 billion in the 52-week fiscal year 2009 ended August 30, 2009.

Costco ended its 52-week fiscal year 2010 on August 29, 2010 with 572 warehouses in operation, including 416 in the United States and Puerto Rico, 79 in Canada, 22 in the United Kingdom, seven in Korea, six in Taiwan, nine in Japan, one in Australia and 32 in Mexico. The Company plans to open up to ten additional warehouses in the first four months of fiscal 2011, prior to the end of calendar year 2010.