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Costco Companies, Inc. Reports January Sales Results
For the first twenty-two weeks of its 1999 fiscal year ended January 31, 1999, the Company reported net sales of $11.43 billion, an increase of 12 percent from $10.19 billion during the first twenty-two weeks of the prior fiscal year. Comparable warehouse sales for this year-to-date period increased 9 percent over the prior years level.
The Company currently operates 285 warehouses, including 217 in the United States, 57 in Canada, seven in the United Kingdom, three in Korea, and one warehouse in Taiwan. The Company also operates 16 warehouses in Mexico with a joint venture partner. The Company plans to open an additional 16 to 18 warehouses (including five relocations of existing warehouses to larger and better-located facilities) prior to the end of its 1999 fiscal year on August 29, 1999.
--30--APS/se* CONTACT: Costco Companies, Inc. Richard Galanti, 425/313-8203 Bob Nelson, 425/313-8255 KEYWORD: WASHINGTON INDUSTRY KEYWORD: RETAIL EARNINGS