Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/909832/000090983216000032/cost10k82816.htm
May 2022
May 2022
April 2022
March 2022
March 2022
February 2022
January 2022
January 2022
December 2021
November 2021
Exhibit 99.1
Press Release |
![]() |
COSTCO WHOLESALE CORPORATION REPORTS FOURTH QUARTER AND
FISCAL YEAR 2016 OPERATING RESULTS
ISSAQUAH, Wash., September 29, 2016 - 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 28, 2016.
Net sales for the fourth quarter were $35.73 billion, an increase of two percent from $34.99 billion in fiscal 2015. Net sales for the fiscal year were $116.07 billion, an increase of two percent from $113.67 billion last year.
Comparable sales were as follows:
16 Weeks | 52 Weeks | |||||||
U.S. |
-1 | % | 1 | % | ||||
Canada |
2 | % | -3 | % | ||||
Other International |
-2 | % | -3 | % | ||||
Total Company |
0 | % | 0 | % | ||||
|
|
|
|
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. |
2 | % | 3 | % | ||||
Canada |
5 | % | 8 | % | ||||
Other International |
1 | % | 4 | % | ||||
Total Company |
3 | % | 4 | % | ||||
|
|
|
|
Net income for the fourth quarter was $779 million, or $1.77 per diluted share, compared to $767 million, or $1.73 per diluted share, last year.
Net income for the fiscal year was $2.35 billion, or $5.33 per diluted share, compared to $2.38 billion, or $5.37 per diluted share, last year. Net income last year was positively impacted by a $57 million ($.13 per diluted share) tax benefit in connection with a second-quarter special cash dividend.
Costco ended its 2016 fiscal year and currently operates 715 warehouses, including 501 in the United States and Puerto Rico, 91 in Canada, 36 in Mexico, 28 in the United Kingdom, 25 in Japan, 12 in Korea, 12 in Taiwan, eight in Australia and two in Spain. The Company plans to open up to an additional nine new warehouses (including one relocation) before the end of calendar year 2016. Costco also operates e-commerce web sites in the U.S., Canada, the United Kingdom, Mexico, Korea and Taiwan.
Please wait while we load the requested 10-K report or click the link below:
https://last10k.com/sec-filings/report/909832/000090983216000032/cost10k82816.htm
Compare this 10-K Annual Report to its predecessor by reading our highlights to see what text and tables were removed , added and changed by Costco Wholesale Corp New.
Costco Wholesale Corp New's Definitive Proxy Statement (Form DEF 14A) filed after their 2016 10-K Annual Report includes:
Financial Statements, Disclosures and Schedules
Inside this 10-K Annual Report
Material Contracts, Statements, Certifications & more
Costco Wholesale Corp New provided additional information to their SEC Filing as exhibits
Ticker: COST
CIK: 909832
Form Type: 10-K Annual Report
Accession Number: 0000909832-16-000032
Submitted to the SEC: Tue Oct 11 2016 7:26:22 PM EST
Accepted by the SEC: Wed Oct 12 2016
Period: Sunday, August 28, 2016
Industry: Retail Variety Stores