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COSTCO ANNOUNCES SPECIAL MEETING OF SHAREHOLDERS AND PRELIMINARY RESULTS FOR THE FOURTH QUARTER AND FISCAL 1993

 SEATTLE, Sept. 20 /PRNewswire/ -- Costco Wholesale Corporation (NASDAQ-NMS: COST) announced today that it will hold a special meeting of shareholders on Oct. 21, 1993, at the Bellevue Conference Center, Bellevue, Wash., for purposes of approving the previously announced merger with The Price Company.
 The proxy materials for the special meeting, to be sent shortly to shareholders, will disclose preliminary unaudited results for Costco for the fourth quarter and full year ended Aug. 29, 1993, as follows. For the 16-weeks ended Aug. 29, 1993, total sales were $2.365 billion, an increase of 14 percent from $2.082 billion in the same period of the prior fiscal year; and for the 52-weeks ended Aug. 29, 1993, total sales were $7.506 billion, an increase of 15 percent from $6.500 billion in the prior fiscal year.
 Comparable warehouse sales for the 16-weeks and 52-weeks ended Aug. 29, 1993, increased 2 percent and 3 percent, respectively.
 Net income for the 16-weeks ended Aug. 29, 1993, was approximately $35 million or $.29 per share (fully diluted) compared to $39 million or $.32 per share (fully diluted) for the same period in the prior year. Net income for the 52-weeks ended Aug. 29, 1993, was approximately $109 million or $.90 per share (fully diluted) compared to $113 million or $.93 per share (fully diluted) for the prior year.
 Costco currently operates 109 warehouses in 16 states and Western Canada.
 -0- 9/20/93
 /CONTACT: Richard Galanti, chief financial officer of Costco Wholesale, 206-828-8100/
 (COST)


CO: Costco Wholesale Corporation ST: Washington IN: SU:

PS -- NY013 -- 3422 09/20/93 07:30 EDT
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Publication:PR Newswire
Date:Sep 20, 1993
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