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On 11/29/17, Costco Wholesale reported sales results for November 2017. The reported results of $11.26 billion was an increase of 13.2% compared to the $9.95 billion during November of 2016. The results show November was a very strong sales month for Costco both domestically, and abroad.

November comps for e-commerce were up 39%. We have seen consistent, strong execution in the digital space illustrating commitment to evolving beyond brick and mortar. To recap, Costco’s e-commerce segment performance includes US, Canada, United Kingdom, Mexico, Korea, and Taiwan.

November Sales Numbers:

Comparable sales in the United States were up 10.2%, while internationally Costco continues to grow comparable sales. Canada increased by 13.8%, while other international sales were up by 11.1%. Overall, total company comparable sales increased by 10.8%. Overall, these figures suggest very healthy customer traffic and spending.

Comparable Sales (Nov ‘17)

U.S. 10.2%
Canada 13.8%
Other International 11.1%
Total Company 10.8%
E-Commerce 39%

The same as previous reports, we will look at comparable sales excluding gasoline price deflation and foreign exchange impacts. This view of the sales gives us a more clear view of comparable sales growth (or decline) if all other factors remained the same.

Comparable Sales (ex Gasoline Price & Foreign Exchange - Nov ‘17)

U.S. 8.4%
Canada 6.3%
Other International 7.2%
Total Company 7.9%

Approximately 70% of Costco’s 746 warehouses are located within the United States. This leaves roughly a third of Costco’s warehouses exposed to potential positive or negative impacts from a strong US Dollar as well as fluctuations in food and gasoline prices.

A pre-recorded telephone message of the November sales results will be available until 5:00 p.m. Wednesday, December 6th. To listen to the recorded message, dial 1-855-859-2056 and enter conference ID 92708888.

Link to Press Release:

http://phx.corporate-ir.net/phoenix.zhtml?c=83830&p=irol...


CMFHeavyMetal

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Ticker Guide for Buffalo Wild Wings (BWLD), Costco Wholesale (COST), Magellan Midstream Partners (MMP), & Synchronoss Technologies (SNCR)
Disclosure: May own shares of some, or all of the companies mentioned in this post. (http://tinyurl.com/HM-Disclosure)
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