8-KEarnings & ResultsOther EventsExhibits & Filings

COSTCO WHOLESALE CORP /NEW 8-K Report, Financial Results (Nov 29, 2012)

Filed November 29, 2012For Securities:COST

Summary

Costco Wholesale Corporation (COST) filed an 8-K on November 28, 2012, reporting key financial and operational updates. The filing primarily disclosed the company's sales results for the four-week and 13-week periods ending November 25, 2012. This information provides investors with an early look at recent sales performance, which is a crucial indicator of the company's ongoing business momentum and customer traffic. In addition to sales figures, the report announced a significant event for shareholders: the declaration of a special cash dividend of $7.00 per share. This dividend, payable in December 2012 to shareholders of record in early December, represents a direct return of capital to investors and signals the company's strong financial health and confidence in its ability to generate cash.

Key Highlights

  • 1Announced sales results for the four-week and 13-week periods ending November 25, 2012.
  • 2Declared a special cash dividend of $7.00 per share.
  • 3Special dividend payable on December 18, 2012.
  • 4Record date for the special dividend is December 10, 2012.
  • 5Information furnished under Item 2.02 is not deemed "filed" for Section 18 purposes.
  • 6Press release containing sales results is included as Exhibit 99.1.
  • 7Richard A. Galanti, Executive Vice President and Chief Financial Officer, signed the report.

Frequently Asked Questions

The 8-K filing announces that Costco released its sales results for the four-week and 13-week periods ending November 25, 2012. The specific figures would be found in the accompanying press release (Exhibit 99.1).

Yes, Costco's board of directors declared a special cash dividend of $7.00 per share. This is a one-time payment in addition to any regular dividends the company might pay.

The special dividend of $7.00 per share is payable on December 18, 2012. To be eligible to receive this dividend, shareholders must have been recorded on the company's books as of the close of business on December 10, 2012.

No, the information in Item 2.02 of this 8-K, including the sales results and the accompanying press release, is furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. This means it generally does not carry the same legal liabilities associated with filed information.