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COSTCO WHOLESALE CORP. ANNOUNCES FIRST-QUARTER OPERATING RESULTS

 KIRKLAND, Wash., Jan. 6 /PRNewswire/ -- Costco Wholesale Corp. (NASDAQ-NMS: COST) today reported record sales and earnings for the first quarter of fiscal 1993, the 12 weeks ended Nov. 22, 1992.
 Net sales increased 19 percent, to $1.670 billion during the first quarter of fiscal 1993 from $1.402 billion during the first quarter of fiscal 1992. Comparable warehouse net sales increased 4 percent over the prior year's first quarter and have increased at a 5 percent rate during the first six weeks of the second quarter.
 Net income increased 11 percent to $22.8 million, or 19 cents per share, during the first quarter of fiscal 1993 from $20.5 million, or 17 cents per share, during the first quarter of fiscal 1992.
 The company ended its 1992 fiscal year on Aug. 30, 1992, with 89 warehouses in operation. Since that time 11 new warehouses have been opened, bringing to 100 the number of warehouses now in operation. Warehouse openings since fiscal year-end include Hawaii Kai, Hawaii; two in Edmonton, Alberta, Canada (including one replacement unit); Spokane, Wash.; Anchorage, Alaska; Tustin, San Diego, and Mountain View, Calif.; Worcester, Mass.; Portsmouth, N.H.; and North Miami Beach and Miami Lakes, Fla. Expansion plans for the second half of fiscal 1993 include the anticipated opening of eight to 10 additional warehouse locations.
 The company's common stock trades on the NASDAQ National Market System under the ticker symbol, "COST."
 COSTCO WHOLESALE CORP.
 FIRST QUARTER -- FISCAL YEAR 1993 OPERATING RESULTS
 (In thousands except E.P.S. calculation)
 FIRST QUARTER
 Twelve Weeks Ended: 11/22/92 11/24/91
 Net Sales $1,670,071 $1,402,185
 Membership and other 34,007 27,685
 Total revenue 1,704,078 1,429,870
 Merchandise costs 1,518,743 1,277,474
 Gross Profit 185,335 152,396
 Selling, general and
 administrative expenses 140,988 114,448
 Preopening expenses 4,929 5,120
 Operating income 39,418 32,828
 Other Income (expense):
 Interest expense (3,760) (153)
 Interest income 1,932 1,889
 Other 385 147
 Income before income taxes 37,975 34,711
 Provision for income taxes 15,190 14,260
 Net income $ 22,785 $ 20,451
 Net Income Per Common and
 Common Equivalent share:
 - Primary $ 0.19 $ 0.17
 - Fully diluted $ 0.19 $ 0.17
 Number of Shares Used in E.P.S.
 Calculation (000):
 - Primary 121,606 121,367
 - Fully diluted 121,606 121,483
 -0- 1/6/93
 /CONTACT: Richard Galanti of Costco Wholesale, 206-828-8100, ext. 203/
 (COST)


CO: Costco Wholesale Corp. ST: Washington IN: REA SU: ERN

LM -- SE001 -- 2018 01/06/93 07:31 EST
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Date:Jan 6, 1993
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/Following is a repeat of a release moved yesterday a.m./

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