Revenues totaled $17.1 million in the first quarter of 2015, compared to $33.3 million in the first quarter of 2014 reflecting a full quarter of print and digital media operations with Meredith. Total operating loss for the first quarter of 2015 was $(2.4) million compared to a loss of $(2.2) million in the prior-year period. Basic and diluted net loss per share was $(0.05) for the first quarter of both 2015 and 2014. Included in the first quarter 2014 was a $2 million non-cash charge to depreciation and amortization related to consolidating space in the Company's headquarters.
Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $13.64 billion for the retail month of September, the five weeks ended October 7, 2018, an increase of 10.3 percent from $12.37 billion last year.
Beginning in fiscal year 2019, the Company adopted Revenue Recognition Standard ASC 606 (ASC 606). For all of fiscal year 2019, we estimate the new standard will benefit net and comparable sales by approximately 1 percent. The second chart below excludes the impact of gasoline prices, foreign exchange, and ASC 606 on our comparable sales.
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