UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, ~~D.C.~~DC 20549

~~_______________________~~_______________

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

~~Date~~May ~~of Report (Date of earliest event reported): January 5~~4, 2006

~~__________________________~~Date of report (date of earliest event reported)

COST-U-LESS, INC.

(Exact name of registrant as specified in its charter)

WASHINGTON	0-24543	91-1615590
Washington		0-24543	91-1615590
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(I.R.S. Employer) Identification No.)
(State or other jurisdiction of incorporation)		(Commission File Number)	(I.R.S. Employer Identification No.)

3633 136th Place SE, Suite 110

Bellevue, Washington 98006 ~~(Address of principal executive offices) (Zip Code)~~

~~Registrant’s telephone~~(Address ~~number,~~of ~~including~~principal ~~area~~executive ~~code:~~ offices)(~~425~~Zip code) ~~945-0213~~

~~____________________________~~(425) 945-0213

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) o[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) o[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) o[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On ~~January~~May 54, 2006, Cost-U-Less, Inc. issued a press release announcing anits ~~increase~~financial ofresults ~~5.2%~~for inthe ~~same~~first ~~store~~fiscal ~~sales~~quarter ~~(stores~~ended ~~open~~April ~~a full 13 months)~~2, ~~for~~2006. In ~~fiscal~~its ~~December~~press ~~2005~~release, ~~compared~~the toCompany ~~same~~reported ~~store~~for ~~sales~~the offirst ~~10.9%~~fiscal ~~for~~quarter ~~the~~net ~~corresponding~~income ~~period~~of a$758,000, ~~year~~or ~~ago~~$0.18 ~~Additionally,~~per ~~the~~fully ~~Company~~diluted ~~announced~~share ~~same~~outstanding, ~~store~~compared ~~sales~~to ~~increases~~net income of ~~1.7%~~$734,000, ~~and~~or 4$0.7%18 per fully diluted share outstanding, for the ~~fiscal~~first ~~fourth~~ quarter ~~and~~of fiscal ~~year~~2005. A ~~ending~~copy ~~January~~of 1,this ~~2006,~~press ~~respectively,~~release asis ~~compared~~furnished toand ~~same~~attached ~~store~~hereto ~~sales~~as ~~increases~~Exhibit ~~of 11~~99.5%1 and ~~13.6%~~is ~~for~~incorporated ~~the~~herein ~~corresponding~~by ~~periods in fiscal 2004, respectively~~reference.

~~Fiscal~~The ~~2005~~information ~~was~~in athis ~~53-week~~report ~~year~~and asthe ~~compared~~exhibit toattached ~~fiscal~~hereto ~~2004,~~are ~~which~~being ~~was~~furnished aand ~~52-week~~shall ~~year. The~~not ~~additional~~be ~~week~~deemed infiled ~~2005~~for ~~resulted~~purposes inof ~~December~~the ~~containing~~Securities ~~six~~Exchange ~~weeks~~Act ~~versus~~of ~~five~~1934, ~~weeks~~as amended, nor shall it be deemed incorporated by reference in ~~December~~any ~~2004. The~~filing ~~sixth~~under ~~week~~the ofSecurities ~~December~~Act ~~2005~~of ~~has~~1933, ~~been~~as ~~excluded~~amended, ~~from~~or the ~~same~~Securities ~~store~~Exchange ~~sales~~Act ~~calculations~~of in1934, ~~order~~as toamended, ~~provide~~except aas ~~normalized~~shall ~~comparison~~be ~~against~~expressly ~~the~~stated ~~corresponding~~by ~~fiscal~~specific ~~periods~~reference in ~~2004~~such filing.

The Company also announced that total sales for fiscal December 2005, fiscal fourth quarter 2005, and the fiscal year 2005 increased 19.7%, 6.0%, and 4.8%, respectively, compared to corresponding fiscal periods a year ago.

A copy of the press release is attached hereto as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(c)

Exhibits.

Exhibit No.		Description
99.1		Cost-U-Less, Inc. press release dated ~~January~~May 54, 2006

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	Cost-U-Less, Inc.
January 5, 2006	By:	/s/ Martin Moore
May 4, 2006	By:	/s/ Martin Moore
		Martin Moore, Chief Financial Officer

EXHIBIT INDEX

Exhibit No.		Description
99.1		Cost-U-Less, Inc. press release dated ~~January~~May 54, 2006

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