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August 6, 1998 at 12:00 AM EDT

Costco Companies, Inc. Reports Recent Sales Results

ISSAQUAH, Wash., August 6 -- Costco Companies, Inc. (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $1.88 billion for the four weeks ended August 2, 1998, an increase of 12 percent from $1.68 billion in the same four-week period of the prior fiscal year. On a comparable warehouse basis, that is warehouses open at least a year, sales increased 8 percent.

For the first forty-eight weeks of its 1998 fiscal year ended August 2, 1998, the Company reported net sales of $21.95 billion, an increase of 11 percent from $19.77 billion during the first forty-eight-week period of the prior fiscal year. Comparable warehouse sales for this year-to-date period increased 8 percent over the prior year’s level.

The Company currently operates 278 warehouses: 211 in the United States, 56 in Canada, seven in the United Kingdom, three in Korea, and one warehouse in Taiwan. An additional eight to nine warehouse openings (including two relocations) are planned for the U.S. and Canada in the Fall, prior to the Christmas holiday season. The Company also operates 14 warehouses in Mexico with a joint venture partner, and plans to open an additional two warehouses in Mexico prior to the Christmas holiday season.

CONTACTS: Costco Companies, Inc.
Richard Galanti, 425/313-8203
Bob Nelson, 425/313-8255