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July 9, 1998 at 12:00 AM EDT

Costco Companies, Inc. Reports Recent Sales Results

ISSAQUAH, Wash., July 9 -- Costco Companies, Inc. (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $2.41 billion for the five weeks ended July 5, 1998, an increase of 12 percent from $2.16 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 8 percent.

For the first forty-four weeks of its 1998 fiscal year ended July 5, 1998, the Company reported net sales of $20.06 billion, an increase of 11 percent from $18.09 billion during the first forty-four-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. The Company also operates 14 warehouses in Mexico with a joint venture partner. Expansion plans for the remainder of the fiscal year, which ends on August 30, 1998, are to open one additional new warehouse; in Wilmington, Delaware.

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