Costco Wholesale Corporation Reports September Sales Results

FY24 second quarter service performance scores covering January 1 through January 5, included: *First-Class Mail: 87.5 percent of First-Class Mail delivered on time against the USPS service standard, an increase of 1.6 percentage points from the fiscal first quarter. *Marketing Mail: 93.4 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter. *Periodicals: 82.0 percent of Periodicals delivered on time against the USPS service standard, an increase of 1.3 percentage points from the fiscal first quarter.

Unit sales of print books rose 11.6% last week over the week ended May 30, 2020, at outlets that report to NPD BookScan and through the first five months of 2021, sales were up 22.4% over the comparable period in 2020. The adult fiction category had another big week, with sales up 25.8% over the week ended May 30, 2020. Legacy by Nora Roberts was the top-selling title in the category, selling nearly 33,000 copies in its first week on sale. Other new books that cracked the top 10 adult fiction bestseller list were Christine Feehan’s Shadow Storm, which sold more than 18,000 copies, and The Saboteurs by Clive Cussler, which sold over 14,000 copies. Through May 29, print unit sales were up 32.4% over the first five months of 2020.

Financial and Business Highlights: *Gross revenue was $261.4 million in the first quarter of 2020, a decrease of 2% compared to $267.2 million in the first quarter of 2019. Excluding currency impact, gross revenue decreased 1% in the first quarter of 2020. *Gross profit was $63.4 million, or 24.3% of gross revenue in the first quarter of 2020, compared to $62.0 million, or 23.2% of gross revenue, in the same period of last year. *Net loss for the first quarter of 2020 was $(2.8) million, or $(0.15) per diluted share, compared to net loss of $(2.0) million, or $(0.04) per diluted share in the first quarter of 2019.