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Costco Companies, Inc. Reports Recent Sales Results
For the first thirteen weeks of its 1998 fiscal year ended November 30, 1997, the Company reported net sales of $5.83 billion, an increase of 11 percent from $5.26 billion during the first thirteen-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 268 warehouses, including 204 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