Costco Wholesale Corporation (NASDAQ:COST) to Release Q4 2008 Earnings October 8

Costco Wholesale Corporation (NASDAQ:COST) will release the fourth quarter earnings for 2008 on Wednesday, October 8.  The financial results will be posted on the Investor Relations Section of the company’s website, costco.com, under Financial Reports.

Costco Wholesale Corporation (Costco) operates membership warehouses based on the concept that offering its members very low prices on a limited selection of nationally branded and selected private-label products in a range of merchandise categories will produce high sales volumes and rapid inventory turnover. It buys the majority of its merchandise directly from manufacturers and route it to a cross-docking consolidation point (depot) or directly to its warehouses.

The Company’s depots receive container-based shipments from manufacturers and reallocate these goods for shipment to its individual warehouses, generally in less than twenty-four hours. The Company’s warehouse format averages approximately 140,000 square feet; newer units tend to be larger. Its warehouses operate on a seven-day, 69-hour week. It carries an average of approximately 4,000 active stockkeeping units (SKUs) per warehouse in its core warehouse business.

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