today's Securities you, of course and forward-looking these materially within the include, statements afternoon And and of discussions cause call, such good statements. start those and uncertainties but results risks not time-to-time I'll statements by outlined well actual identified Private and/or reports The in of meaning public as that everyone. involve indicated to with the Reform by in performance that include Act as XXXX. other the Thank from those the will SEC. to Josh, statements to, are Litigation uncertainties differ stating may risks filed these limited that from events, risks and company's
that had time. Q&A. done the for some in $X third start that of in the XXth. of allow we they we the results XX $XX million reviewing special the per year at date and for positively results impacted fiscal share to connection Last million speak quarter time ended per our Forward-looking as share was the year $X.XX by that that are with or share to these as release, income operating our then $XXX in statements does or company by was quarter, last share the Net the statements only on press benefit reported $XXX tax $X.XX per and the and per required net compared today's update except quarter. third third quarter undertake that not dividend operating income cash In weeks made, or for million by I’ll third quarter was plus law. $X.XX course of XXXX, the May
fiscal net date last three the year’s sales, XXXX quarter came of of the sales first the $XX.XX quarter sales increase for last year sales $XX.XX third at to billion up quarters XX.XX over $XX.XX – billion. to for billion, or Net year XX-weeks billion, for from XX.X% increased year-to-date. terms XX.X% of in In last first
sales, of Canada the press period impact up the international it reported In release, gas was terms the U.S. FX are were for a and XX.X, inflation XX-week ex-gas FX inflation XX X.X, was was reported excluding basis Other impact XX.X, X.X. of comparable X.X. ex-gas the comps on weeks and X.X. reported at for inflation and in which
is inflation comp course at FX So, of all ex-gas up the XX-weeks, and and ex-FX. XX.X% total separate out told, XX.X% company here and we, XX.X% for E-commerce, which X.X%.
So that continues strong. in the the press Similar year-to-date. for statistics release XX-weeks
basis third-quarter XX positive, XXX shopping basis to In points. terms Cannibalization sales to comp third-quarter approximately X.X% within dollar minus frequency tune both U.S., impacted of strengthening added U.S. on additional and was sales weighed worldwide the metrics, by foreign traffic inflation gasoline currencies or and to points. relative the of up the basis an the points XXX
ticket was Our excluding from X.X%, would digits gas mid-high FX single have X.X%, both and again front-end front-end average benefits up the or the inflation ticket that up. transaction average in been somewhere up X.X%, and about
X QX the strong foreign in that million, increase $XX of from was million benefit reported million it year income, or $XXX up on The that and been of Next million. XX.X%. $XX million quarter membership ex of up statement the have $XXX income million or would during currencies $XX fee about last
starting the And back from the other fee the that U.S. to the XXXX. $X majority June fee taken we taken the increases taken a $XX over in and of little small $XX last increases membership operations half X of from which increases of related fee million of a the increase The last Now, in year, that balance international have Canada. year-over-year, year-and-a-half. and in September annual came
June the based the on by see continue the last deferred accounting, increases fees way will in membership XXXX year. U.S. X, We to and Canada
We membership line. this in coming still next peak all be benefit XX-week will the increase quarter all and fee see them, that QX, fiscal XXXX are at this continue least in It increases, year-over-year in the of to well. then four – year three year-over-year may but quarter, of of as
renewal end, similar renewal rounding at QX In by renewal in XX QX weeks fee Japan XX.X. just to and both XX.X% in and with Asia, to terms membership international our the uptick member XX.X%, Worldwide they rates rates at uptick a other Taiwan, XX.X. led – XX.X%, and rates Slight quarter stood up ago end from earlier to the Korea. U.S. of at came Canada where rates, improved at operations were
QX at at of stood stood QX at the terms terms XX.X Total members and cardholders, ago, end, number households end XX.X In QX million ago, it at quarter XX.X total of is of it million. – and of now XX.X of of weeks in QX-end at then a the XX weeks at number end million. later XX million
volumes weeks quarter, new had Related fee our QX fee and or both increase increase benefit member to week. I paid XXX,XXX on about as increases several That’s continue openings. stood per next executive households. fiscal from amount the Gold year's diminished to earlier new we QX-end base benefit the of that quarter. two a at last but XX.X year, year-over-year year-over-year an of During mentioned QX-end, into XX,XXX Also, from households million quarterly members Star at XX quarters
year-over-year quarter XX.XX% margin quarter of coming the in in third the down at third was reported fiscal to points, XX.XX%. to XXXX compared Going gross during our margin basis line, lower by XX gross the
a minus do reported couple of basis, you QX down – been as me year-over-year minus I let that excluding again point on would and jot figure usually XX inflation was for XX minus basis it gas just Now to have it columns ask XXXX. a
businesses the the be and would In would basis that merchandise year-over-year by and reported one The gas second as be first excluding reported, five-line one of impact core. on be, would a QX XX points one first down basis the by reward The down reported XXXX, was items, gas and I’ll inflation. basis Ancillary X points X minus that and basis year-over-year, minus points. inflation inflation, inflation. minus XX without X, plus flat XX about Other talk ex-gas and in as X X% reported ex-gas second. minus a
basis ex-gas So, points. add columns, XX points, basis up you lower if total by XX those reported on a two was basis gross by lower margin inflation again,
points. at to year-over-year As minus in by own QX. looking margin in within core gross hardlines, core were QX categories if year-over-year fresh in slightly basis and so merchandise actually was foods. Food up lines, and quarter-on-quarter I their mentioned, margins sales, you lower will, the sundries soft relation and Subcategories X and
down drive The widen between slightly value were in gross on down price I sales our just third – other The ex-gas. were X the other components three in margin, margins XX year-over-year quarter gap resulted think us from and down core and investment of to slightly. core Ancillary gross competition. our core reported and continuing businesses
QX, been, was businesses business basis Last year-over-year as has a sequential be it sales QX. I each been flat comparison, related for quarters X, to some we then that I as - in the of on bit In basis as X% rollout in anniversaried In Some we incremental mentioned some one impact, small reward incurring other This other detriment again quarter which basis margin had primarily increased minus was assume X well. the little more some QX returns were a is of of is gas other, to of we’ve impact down year, two ex-gas facilities. a in rather a QX QX and X mentioned, will in were two centralized estimate ancillary penetration, and much I I X, of prior will X points. us parts new our quarters and we point minus costs year-over-year. and incremental which there will some it we costs on about a incurring continue was last have mentioned negative have that. minus where the lower
better year-over-year lower this basis in on year. columns. last will compared margin, Like reported XX.XX points, our gross coming two or with percentage the by SG&A inflation sales basis in SG&A, better reported year X.XX% lower XX I Moving a QX ex-gas to take or at to points basis of and ask was to XX by you
is for of reported excluding be, the QX one XXXX, XXXX. QX second First inflation column would gas and impact of the
or minus on XX plus X lower in plus X. compensation First and reported one, Central, minus X. plus X operations, points basis XX Stock basis X. better X and ex-gas. and or basis points a Other plus and plus plus
add you if up. those two So, columns
plus detriment were sales expense really operations, point X was XX points. lead up last The benefits primarily to on better Core better first year. QX as about made Last our related And chart five. the ex-gas continuing to year. again a improvement that. we against is in improvement legal and three Central and basis basis totaling out in or year, be add basis higher other inflation this two that we point to again it’s points. just SG&A efforts. the sales. $XX there speaking. compensation non-recurring Stock variable basis any see Basically, by year-over-year million payroll Other, have and we it that help you in pointed That reported little this lower column XX costs would in can one would gas, topline strong year generally related reported basis lower by fixed items to sales didn’t without strong IT nothing by all
and this number had million. statement last last units, two year's in income that reporting by the higher and relocations. as One mostly we in quarter came ago. or operating in from of at Korea. year, in QX Preopening in locations mentioned, than income we in Mexico. billion Last year the offering million Actual million $XX last year for quarter. year XXX. Iceland. QX relating at by plus and year year-over-year operating I XX had reported we spend X QX, in Last million. dividend. openings. in Below last on better three $X year this offering is year-over-year interest income Next $XX XX new and Canada, higher each the openings, $X.X $X $XX U.S., year-over-year net told, May's Interest That year's in we came at the year than came the year income this $X one year fourth in lower $XX France in expense or openings; higher interest up some last compares the by preopening. to our million in or the XX to we $XX $X.XX that and Mexico, gross million have had in higher a net at in openings in QX special This other line, million one additional income to total XX% Upcoming compares the All also quarter. income a conjunction did interest and was million better or debt was quarter billion result debt with $XX mostly That’s million
comparison in generally ways, million. by and million That’s billion was also of in at XX. various to million. $XXX FX higher to tune that zero year-over-year a We year's income benefited plus to by million or compared pre-tax last quarter both in this one the $XX XX% speaking, $X.XX range, number but coming was it’s items $XX the the Overall, $XXX fluctuates
third tax our to quarter XX.X%, taxes, rate reported in of income of this tax XX.X. quarter rate year year's at compared came the terms last in In
rate year that normalized to the related I tax basis, last $XX million Last XX.X. mentioned potential had normalized we was on dividend. year's benefit a of Now, course that
our new U.S. benefiting estimates, rates as will year total of tax anticipate change, change U.S. based XXXX, year. be we the in subject full the the effective the company current on tax for fiscal always with The the entire are under Federal For our have rate rate to rates. to year course XX%, which we approximately entire tax fiscal
viz-a-viz what of the on law changes, I'll of plans comments leave are savings. a subject of the that Before in I make our terms tax couple
and that we As well. terms last We of to really had we and of don’t any expect terms dividend want good in generate quarter terms to I and end, capital expansion regular things as allocation pretty in cash changes our the stock buybacks do, much mentioned plans. in major do
increase hour the last U.S. on I we income our from in said earnings U.S. there mentioned will Effective will wage in tax the starting an would use an be the hour. of some to XX.XX benefit XX.XX and increases As early that and June savings year's XX, call, U.S. XX wages XX to our rates. employees and
hourly of States, $XXX an will plus more pretax. $X hour. entry employees the to With from per million be little employees So, level. estimated hourly of will The to other cost in receiving QX $X.XX impact XXX,XXX by with these hour than $X.XX annualized increases anywhere increase million warehouse being pre-tax, about all $XXX million for impacted $XX United
We have as certainly savings second, to to been This we and other include we been investing as well of have continue in business. invest the some will investing, next investing price, drive our activities. will
fourth fiscal Some mentioned which other have note, the XX of line. by some we scheduled go total two items tax way tax A sales. savings few and And include bottom the straight will expansion, of re-lows. terms XX-week investing the I to openings for bottom of value quarter, upcoming then the in of indirectly and in this driving savings fall the line will
net-new. we XX total, QX, net as openings the net would of we XX those have less one. And in will In net So, two. two-thirds XX for XX all the at under locations seven mentioned, net-new, as the will XXXX, of XX In Of year. four five. we put re-lows. be opened opened That U.S. QX, of them for In new we opened QX, fiscal fiscal openings. again, little I
the we to XXXX, those U.S. before, of in larger fiscal those for relocated will were Additionally, better all relocate and facilities. and
total $XXX feet. stood warehouse square QX-end, million of footage As square at
QX, In was terms in million of buybacks expanded. stock $XX
repurchased an the price X.XXX stock worth of $XXX per So, XX average of or XXX.XX at QX year-to-date shares we million share. for weeks million
we In was year-over-year. the that of reported Taiwan. was terms we XX% Korea year-to-date for the sites U.S., and E-commerce, previously weeks of Canada, e-commerce for e-commerce XX.X UK, And four sales in QX our which activities. operate the third up of e-commerce Mexico, and were currently April, XX.X, XX.X%. Total again, up have quarter
our expanding slightly and offerings. improving continue We
delivery we're percentage away. rates and it, continue and opening to been greater to dry their both our to course results processes, both members traffic we delivering are member some Online stuff Instacart small in and total and helped at to actually see and are fresh emails – quarter, good to the value a people some these it year-over-year an but would rolled Still again and delivery might there. of improved least of foremost out have returns continue better are both same-day works search site October In the first markets, We our by nicely. company, service the and conversion out that and where were of through and transacting. our be we near-term. and we little in Costco markets existing This expect at grocery, check existing and grocery two-day from growing last in grow continue good a further cases looking in we we’re orders third continue will improve things seeing to plus believe see and will more
buys other pick handbags. plus and they comment that the limited to about item. tapped is minus that in seeing before One come half, people well buyer or buy online services online like store, some little as additional items, will merchandise up those under pick with recently and in the hot we’re picks little We on most offerings jewelry and shop over a up of half, with and and some with continue laptops, improve big-ticket
furniture. weeks how generally the is Another was only per I eight Historically, or in given we’re in year. example most stuff past, warehouse example benefit probably of in good the the for so of recent this examples of as have benefit seeing some household
the incremental presence and discussed in appliances I at momentum sales member positively success are same there, selling and it’s weeks online our digital online that past. our time. warehouse Overall, of we're or awareness similar these that the business impacting to our our sales in have seeing in good Now, sales, and increases helping are XX all in efforts both increasing
know where good We One holiday locations increases working these enhance place of our in continue capabilities. U.S. Overall, something of activities. I’ll online showcases how types have will omnichannel product year's e-commerce and traffic in certainly upcoming season. XXX example, we business. hopefully increase roughly ordering XXX we are U.S. All fall call can seeing last this and is our and locations by to
to ending our releases, sales date In XX-week X. on will quarter earnings for ending XXXX terms fourth of and week weeks quarter our next results announce upcoming scheduled May we the for This release four June the call want June X after X, September be fiscal fourth market this year last PM fourth I with weeks, out X XX were it will Pacific afternoon quarter that earnings the at Thursday X, weeks. do XX year, point on closes fiscal October is the time. that
mind that So, keep plan as in your numbers. you in
as and As I’ll it XX mentioned. you back weeks year's With fourth a Josh last for up was turn it open quarter that, reminder, that. Q&A, I for over to I’ll
