UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DCD.C. 20549

~~_______________~~ _______________________

FORM 8-K

CURRENT REPORT

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

~~May~~Date 4of Report (Date of earliest event reported): July 6, 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)		(Commission File Number)	(I.R.S. Employer Identification No.)
(State or other jurisdiction of incorporation or organization)	(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)

~~Bellevue~~Registrant’s telephone number, ~~Washington~~including ~~98006~~area code: (425) 945-0213

~~(Address of principal executive offices)(Zip code)~~ ____________________________

(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 ~~May~~July 46, 2006, Cost-U-Less, Inc. issued a press release announcing ~~its~~an ~~financial~~increase ~~results~~of ~~for~~4.2% ~~the~~in ~~first~~same ~~fiscal~~store ~~quarter~~sales ~~ended~~(stores ~~April~~open 2,a ~~2006. In~~full ~~its~~13 ~~press release~~months), ~~the Company reported~~ for the ~~first~~five ~~fiscal~~weeks ~~quarter~~ended ~~net~~July ~~income of $758~~2,~~000,~~ or2006 $0(June 2006).18 For ~~per~~the ~~fully~~corresponding ~~diluted~~period ~~share~~a ~~outstanding,~~year ~~compared~~ago to(June ~~net~~2005), ~~income of $734~~Cost-U-Less,~~000,~~ ~~or $0~~Inc.18 ~~per~~experienced ~~fully~~a ~~diluted~~same ~~share~~store ~~outstanding,~~sales ~~for~~increase ~~the first quarter~~ of ~~fiscal 2005~~5. ~~A copy of this press release is furnished and attached hereto as Exhibit 99~~6%.~~1 and is incorporated herein by reference.~~

~~The~~Additionally, ~~information~~the inCompany ~~this~~announced ~~report~~same ~~and~~store ~~the~~sales ~~exhibit~~increases ~~attached~~of ~~hereto~~2.8% ~~are being furnished~~ and ~~shall~~3.2% ~~not be deemed filed~~ for ~~purposes~~the of13 ~~the~~and ~~Securities~~26 ~~Exchange~~weeks ~~Act~~ended ofJuly ~~1934~~2, as2006, ~~amended~~respectively, ~~nor~~as ~~shall~~compared itto besame ~~deemed~~store ~~incorporated~~sales byincreases ~~reference~~of in4.9% ~~any~~and ~~filing~~6.0% ~~under~~for the ~~Securities~~13 ~~Act~~and of26 ~~1933,~~weeks asended ~~amended,~~June ~~or the Securities Exchange Act of 1934~~26, ~~as amended~~2005, ~~except as shall be expressly stated by specific reference in such filing~~respectively.

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 ~~May~~July 46, 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.
May 4, 2006	By:	/s/ Martin Moore
July 6, 2006	By:	/s/ Martin Moore
		Martin Moore, Chief Financial Officer

EXHIBIT INDEX

Exhibit No.		Description
99.1		Cost-U-Less, Inc. press release dated ~~May~~July 46, 2006

Filing Compare · COST U LESS INC