Annual Report Fiscal Year Ended September 1, 2019 Cor000075b 1119
2019 Quality and value in 785 locations and on Costco.com ANNUAL REPORT FISCAL YEAR ENDED SEPTEMBER 1, 2019 COR000075B 1119 THE COMPANY Costco Wholesale Corporation and its subsidiaries (Costco or the Company) began operations in 1983 in Seattle, Washington. In October 1993, Costco merged with The Price Company, which had pioneered the membership warehouse concept in 1976, to form Price/Costco, Inc., a Delaware corporation. In January 1997, after the spin-off of most of its non-warehouse assets to Price Enterprises, Inc., the Company changed its name to Costco Companies, Inc. On August 30,1999, the Company reincorporated from Delaware to Washington and changed its name to Costco Wholesale Corporation, which trades on the Nasdaq Global Select Market under the symbol "COST." Costco currently operates 785 warehouses, including 546 in the United States and Puerto Rico, 100 in Canada, 39 in Mexico, 29 in the United Kingdom, 26 in Japan, 16 in Korea, 13 in Taiwan, 11 in Australia, two in Spain, one in Iceland, one in France, and one in China. Costco also operates e-commerce sites in the U.S., Canada, the United Kingdom, Mexico, Korea, Taiwan, and Japan. KEY FINANCIAL METRICS Provided below is information related to our Membership and Sales per Warehouse which supplements additional key metrics found on page 19. Average Sales Per Warehouse* (Sales In Millions) Year # of Opened Whses 2019 20 $129 2018 21 $ 116 119 2017 26 $ 121 142 158 2016 29 $ 87 97 118 131 2015 23 $ 83 85 94 112 122 2014 30 $ 108 109 115 125 140 144 2013 26 $ 99 109 113 116 124 137 144 2012 15 $ 105 115 124 128 130 139 152 158 2011 21 $ 103 120 130 136 139 139 148 163 170 2010 & Before 571 $ 139 148 157 166 172 172 172 177 190 197 Totals 782 $ 139 $ 146 $ 155 $ 160 $ 164 $ 162 $ 159 $ 163 $ 176 $ 182 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Fiscal Year *First year sales annualized.
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