Costco-2019年Costco第三季度及年初销售业绩（英文）-2019.9-3页_1mb

报告摘要

Costco Wholesale Corporation Q3 and Year-To-Date Fiscal 2019 Summary

Core Content

Costco Wholesale Corporation released its third quarter and year-to-date operating results for fiscal 2019, ending May 12, 2019. The results reflect continued growth and strong performance across its operations.

Key Financial Highlights

Net Sales

Third Quarter (12 Weeks): Increased by 7.4% to $33.96 billion from $31.62 billion in the same period last year.
Year-To-Date (36 Weeks): Rose by 8.3% to $102.90 billion from $95.02 billion in the prior year.

Comparable Sales Growth

U.S.: 7.0% (12 Weeks) and 8.5% (36 Weeks)
Canada: 1.3% (12 Weeks) and 1.1% (36 Weeks)
Other International: 1.7% (12 Weeks) and 2.1% (36 Weeks)
Total Company: 5.5% (12 Weeks) and 6.6% (36 Weeks)
E-commerce: 22.0% (12 Weeks) and 24.7% (36 Weeks) growth, excluding adjustments for gasoline prices, foreign exchange, and accounting changes.

Net Income

Third Quarter: $906 million, or $2.05 per diluted share, compared to $750 million, or $1.70 per diluted share, last year.
Year-To-Date: $2.56 billion, or $5.79 per diluted share, compared to $2.09 billion, or $4.74 per diluted share, last year.
Non-Recurring Tax Item: Contributed $73 million, or 16 cents per diluted share, to the third quarter net income.

Shares Outstanding

Basic Shares: 439,859,000 (Q3 2019) and 438,740,000 (Q3 2018)
Diluted Shares: 442,642,000 (Q3 2019) and 441,715,000 (Q3 2018)

Operating Expenses

Merchandise Costs

Third Quarter: $30,233 million (up from $28,131 million)
Year-To-Date: $91,576 million (up from $84,481 million)

Selling, General and Administrative (SG&A)

Third Quarter: $3,371 million (up from $3,155 million)
Year-To-Date: $10,310 million (up from $9,613 million)

Preopening Expenses

Third Quarter: $14 million (up from $8 million)
Year-To-Date: $45 million (up from $37 million)

Operating Income

Third Quarter: $1,122 million (up from $1,067 million)
Year-To-Date: $3,274 million (up from $3,034 million)

Other Income (Expense)

Interest Expense

Third Quarter: $(35) million (down from $(37) million)
Year-To-Date: $(105) million (down from $(111) million)

Interest Income and Other, Net

Third Quarter: $36 million (down from $41 million)
Year-To-Date: $104 million (up from $70 million)

Income Before Income Taxes

Third Quarter: $1,123 million (up from $1,071 million)
Year-To-Date: $3,273 million (down from $2,993 million)

Provision for Income Taxes

Third Quarter: $207 million (down from $309 million)
Year-To-Date: $679 million (down from $867 million)

Balance Sheet Summary (Unaudited)

Assets

Total Assets (May 12, 2019): $43,752 million
Total Assets (September 2, 2018): $40,830 million

Current Assets

Cash and Cash Equivalents: $7,013 million (up from $6,055 million)
Short-Term Investments: $1,154 million (down from $1,204 million)
Receivables, Net: $1,704 million (up from $1,669 million)
Merchandise Inventories: $11,304 million (up from $11,040 million)
Other Current Assets: $1,110 million (up from $321 million)

Property and Equipment

Net Property and Equipment (May 12, 2019): $20,475 million
Net Property and Equipment (September 2, 2018): $19,681 million

Other Assets

May 12, 2019: $992 million
September 2, 2018: $860 million

Liabilities and Equity

Total Liabilities (May 12, 2019): $28,932 million
Total Liabilities (September 2, 2018): $27,727 million
Total Equity (May 12, 2019): $14,820 million
Total Equity (September 2, 2018): $13,103 million

Additional Information

Warehouse Locations: Costco operates 773 warehouses globally, with the majority in the U.S. (536), followed by Canada (100), Mexico (39), the U.K. (28), Japan (26), Korea (16), Taiwan (13), Australia (11), Spain (2), and one each in Iceland and France.
E-commerce Presence: Operates e-commerce platforms in the U.S., Canada, the U.K., Mexico, Korea, and Taiwan.
Conference Call: A call to discuss the results was scheduled for May 30, 2019, at 2:00 p.m. (PT), and is available via webcast at www.costco.com.