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Costco Companies, Inc. Reports Recent Sales Results
For the first nine weeks of its 1998 fiscal year ended November 2, 1997, the Company reported net sales of $3.86 billion, an increase of 11 percent from $3.47 billion during the first nine-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 266 warehouses, including 203 in the United States, 55 in Canada, seven in the United Kingdom, and one warehouse in Taiwan. Included in the 266 warehouse total are five recent openings in Atlanta, Georgia; Edinburgh, Scotland; King of Prussia, Pennsylvania; St. Jerome, Quebec; and East Hanover, New Jersey. 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. An additional three warehouse openings (including one relocation) are planned prior to the Christmas holiday season.
CONTACTS: Costco Companies, Inc.
Richard Galanti, 425/313-8203
Bob Nelson, 425/313-8255