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Lost Day of Sales Just a Bump in the Road for Costco's July Growth

ISSAQUAH, Wash. – Although losing a day of sales to the 4th of July holiday negatively impacted Costco's sales for that month to the tune of 3 percent to 4 percent, the warehouse club's net sales for the four-week period ending July 31 was $4.02 billion, an 8 percent increase over the last year's 28-day total of $3.71 billion.

For the first 48 weeks of the 2005 fiscal year, Costco reported sales of $47.78 billion, a 10 percent increase from last fiscal year's $43.51 billion.

Comparable sales were still higher among the retailer's international stores, with 12 percent growth for the four-week period ending July and 11 percent for the 48-week period. During those same periods, Costco's U.S. same-store sales increased 4 percent and 6 percent, respectively. Companywide same-store sales increases for the four-week period in July were 5 percent, compared with the 48-week increase of 7 percent.

Costco operates 458 warehouses, including 337 in the United States and Puerto Rico, 65 in Canada, 16 in the United Kingdom, five in Korea, four in Taiwan, five in Japan, and 26 in Mexico. The company also operates Costco Online, an e-commerce Web site, at and at in Canada. The company plans to open two additional new warehouses prior to the end of its fiscal year 2005, on Aug. 28, 2005.
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