ISSAQUAH, WA — Costco Wholesale Corporation (NASDAQ: COST) today reported net sales of $7.67 billion for the month of May, the four weeks ended May 27, 2012, an increase of seven percent from $7.14 billion during the similar period last year.
For the first thirty-nine weeks of its reporting period ended May 27, 2012, the Company reported net sales of $71.28 billion, an increase of ten percent from $64.75 billion during the similar period last year.
Comparable sales for these periods were as follows:
4 Weeks 39 Weeks ---------- ---------- U.S. 5% 7% International 3% 7% Total Company 4% 7% ========== ==========
Deflation in gasoline prices had a slight negative impact on comparable sales for the four-week period, while inflation in gasoline prices had a positive impact for the thirty-nine week period; foreign currencies had a negative impact for both periods. Excluding these effects, comparable sales for these periods were as follows:
4 Weeks 39 Weeks ---------- ---------- U.S. 5% 6% International 8% 9% Total Company 6% 7% ========== ==========
Additional discussion of these sales results is available in a pre-recorded telephone message. You can access the recording by dialing 1-855-859-2056 (conference ID 28780562). This message will be available today through 5:00 p.m. (PT) on Friday, June 1, 2012.
Costco currently operates 602 warehouses, including 435 in the United States and Puerto Rico, 82 in Canada, 32 in Mexico, 22 in the United Kingdom, 13 in Japan, eight in Taiwan, seven in Korea and three in Australia. The Company also operates Costco Online, an electronic commerce web site, at www.costco.com and at www.costco.ca in Canada. The Company plans to open up to an additional six new warehouses prior to the end of its fiscal year on September 2, 2012.
Certain statements contained in this document and the pre-recorded telephone message constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. For these purposes, forward-looking statements are statements that address activities, events, conditions or developments that the Company expects or anticipates may occur in the future. Such forward-looking statements involve risks and uncertainties that may cause actual events, results or performance to differ materially from those indicated by such statements. These risks and uncertainties include, but are not limited to, domestic and international economic conditions, including exchange rates, the effects of competition and regulation, uncertainties in the financial markets, consumer and small business spending patterns and debt levels, conditions affecting the acquisition, development, ownership or use of real estate, actions of vendors, rising costs associated with employees (including health care costs), energy, and certain commodities, geopolitical conditions and other risks identified from time to time in the Company's public statements and reports filed with the Securities and Exchange Commission.
© Marketwire 2012
Amanti Art's Online Art and Framing Website is Only Part of Company's Success - YAHOO!
Amanti Art, a Madison, Wisconsin art and framing business, sees continued growth over the next two years. The company has expanded and improved its website, products and art services.
Madison, Wisconsin (PRWEB) May 31, 2012
The art and framing company, Amanti Art, continues to buck the trend of today's tough economy with growth and success. The company's flagship website, AmantiArt.com, is attracting more customers than ever before and the company continues to improve and refine the site. The company is also experiencing growth on its contract, custom and wholesale sides. Amanti Art serves interior designers, retailers, artists and museums with printing, framing, delivery and installation services.AmantiArt.com allows customers to custom frame prints and posters using the Amanti Art Online Frameshop. The company’s website is an industry leader in innovation and offers powerful tools to customize the frame design, allowing customer to choose from an impressive collection of mats and frames, adjust the size and attributes of the matting, and even crop the print or poster to a desired size or orientation. Every print is also offered in Designer Recommended versions for customers who do not want to do their own styling.
The company is planning for continued growth in the second half of 2012. “Improving the website is an integral part of what we do. We have a great team of people here and we are always thinking of things we could do to improve the customer's experience on the website,” said John Cioci, an Amanti Art manager. "We continue to add new images to the site, we recently partnered with a high profile stock image company to allow us to print and frame their great collection of high resolution museum images. That is just one of the ways we are continuing to offer more images on the site."
“We are proud of how our site holds up against the competition but that is just one part of our business. Our interior design, wholesale and contract customers continue to get the great service, products and performance they have come to expect from us and we see good things there, too. Our business has been good even during these last couple of years when some of our competitors have been struggling. We have high expectations for the rest of 2012 and for 2013.”
The company is working on a new suite of tools specifically geared toward interior designers. "Corporate and healthcare interior designers have been one of our strongest segments over the past few years and we want to expand on that. We are very excited about our new tools for designers and expect to become one of the leading suppliers of framed art and mirrors to the interior design industry. Watch this space, Amanti Art is going to continue to expand and improve; we aren’t done yet.”
John Cioci
Amanti Art
(608) 237-7219
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