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Costco Wholesale Corp New (COST) SEC Filing 10-K Annual report for the fiscal year ending Sunday, August 30, 2015

Costco Wholesale Corp New

CIK: 909832 Ticker: COST

Exhibit 99.1

 

LOGO

COSTCO WHOLESALE CORPORATION REPORTS FOURTH QUARTER AND

FISCAL YEAR 2015 OPERATING RESULTS

ISSAQUAH, Wash., September 29, 2015 – Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today announced its operating results for the 16-week fourth quarter and the 52-week fiscal year ended August 30, 2015.

Net sales for the fourth quarter were $34.99 billion, an increase of one percent from $34.75 billion in fiscal 2014. Net sales for the fiscal year were $113.67 billion, an increase of three percent from $110.21 billion last year.

Comparable sales were as follows:

 

     16 Weeks     52 Weeks  

U.S.

                 2                 3

Canada

     -10     -5

Other International

     -7     -3

Total Company

     -1     1
  

 

 

   

 

 

 

Comparable sales for these periods excluding the negative impacts from gasoline price deflation and foreign exchange were as follows:

 

     16 Weeks     52 Weeks  

U.S.

                 6                 6

Canada

     7     8

Other International

     6     6

Total Company

     6     7
  

 

 

   

 

 

 

Net income for the fourth quarter was $767 million, or $1.73 per diluted share, compared to $697 million, or $1.58 per diluted share, last year.

Net income for this fiscal year was $2.38 billion, or $5.37 per diluted share, compared to $2.06 billion, or $4.65 per diluted share, last year. Net income this year was positively impacted by a $57 million ($.13 per diluted share) tax benefit in connection with a second-quarter special cash dividend received by the Company 401(k) plan participants.

Costco currently operates 686 warehouses, including 480 in the United States and Puerto Rico, 89 in Canada, 36 in Mexico, 27 in the United Kingdom, 23 in Japan, 12 in Korea, 11 in Taiwan, seven in Australia and one in Spain. The Company plans to open up to an additional 12 new warehouses (including one relocation) before the end of calendar year 2015. Costco also operates e-commerce web sites in the U.S., Canada, the United Kingdom and Mexico.


The following information was filed by Costco Wholesale Corp New (COST) on Wednesday, September 30, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Cash Flows (parenthetical)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Equity
Consolidated Statements Of Income
Commitments And Contingencies
Commitments And Contingencies - Additional Information (detail)
Debt
Debt (additional Information) (detail)
Debt (carrying Value And Estimated Fair Value Of Company's Long Term Debt) (details)
Debt (schedule Of Long-term Debt Maturities) (detail) (details)
Debt (schedule Of Short-term Debt) (detail) (details)
Debt (tables)
Fair Value Measurement
Fair Value Measurement (tables)
Fair Value Measurement - Fair Value Of Financial Assets And Financial Liabilities Measured On Recurring Basis (details)
Income Taxes
Income Taxes (components Of Deferred Tax Assets And Liabilities) (detail) (details)
Income Taxes (gross Unrecognized Tax Benefits) (detail) (details)
Income Taxes (income Before Income Taxes) (detail) (details)
Income Taxes (reconciliation Between Statutory And Effective Rates) (detail) (details)
Income Taxes (schedule Of Foreign And Domestic Income Taxes) (detail) (details)
Income Taxes (tables)
Income Taxes - Additional Information (detail)
Investments
Investments (tables)
Investments - Available For Sale And Held To Maturity Investments (detail)
Investments - Maturities Of Available For Sale And Held To Maturity Securities (details)
Investments - Proceeds From Sales Of Available For Sale Securities (detail)
Leases
Leases (details)
Leases (tables)
Leases - Additional Information (details)
Net Income Per Common And Common Equivalent Share
Net Income Per Common And Common Equivalent Share - Schedule Of Earnings Per Share Effect On Net Income And Weighted Averegae Number Of Dilutive Potential Common Stock (details)
Net Income Per Common And Common Equivalent Share Net Income Per Common And Common Equivalent Share (tables)
Quarterly Financial Data (detail)
Quarterly Financial Data (unaudited)
Quarterly Financial Data (unaudited) (tables)
Segment Reporting
Segment Reporting (tables)
Segment Reporting Information By Item Category (detail)
Segment Reporting Information By Segment (detail)
Stock-based Compensation Plans
Stock-based Compensation Plans (tables)
Stock-based Compensation Plans - Additional Information (detail)
Stock-based Compensation Plans - Summary Of Rsu Transactions (details)
Stock-based Compensation Plans - Summary Of Stock-based Compensation Expense (details)
Stockholders' Equity
Stockholders' Equity (stock Repurchased During Period) (detail)
Stockholders' Equity (tables)
Stockholders' Equity - Additional Information (detail)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (merchandise Inventories (detail)
Summary Of Significant Accounting Policies (other Current Liabilities) (detail)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (receivables, Net) (detail)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Additional Information (detail)
Ticker: COST
CIK: 909832
Form Type: 10-K Annual Report
Accession Number: 0000909832-15-000014
Submitted to the SEC: Tue Oct 13 2015 6:50:16 PM EST
Accepted by the SEC: Wed Oct 14 2015
Period: Sunday, August 30, 2015
Industry: Retail Variety Stores

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