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January 8, 1998 at 12:00 AM EST

Costco Companies, Inc. Reports Recent Sales Results

ISSAQUAH, Wash. January 8 – Costco Companies, Inc. (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $2.76 billion for the five weeks ended January 4, 1998, an increase of 12 percent from $2.46 billion in the same five-week period of the prior fiscal year. On a comparable warehouse basis, that is warehouses open at least a year, sales increased 10 percent.

For the first eighteen weeks of its 1998 fiscal year ended January 4, 1998, the Company reported net sales of $8.59 billion, an increase of 11 percent from $7.72 billion during the first eighteen weeks 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 269 warehouses, including 205 in the United States, 56 in Canada, seven in the United Kingdom, and one warehouse in Taiwan. The Company also operates 14 warehouses in Mexico with a joint venture partner, and has a license agreement for the operation of two membership warehouses in Korea.

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