Reform today’s Liz, as not by such stating you, within and and meaning Securities uncertainties uncertainties and involve risks cause These risks include to and/or materially limited those good time-to-time Company’s start I’ll the performance Litigation Private to, the events, everyone. The that to in of differ well the of that from reports public risks statements. statements those call, outlined XXXX. statements from identified afternoon forward-looking Thank Act statements actual in these results may but other will filed indicated are as SEC. by the include, with and discussions
to made, these does share, quarter undertake the fiscal press a results million ended XXth. $X.XX operating Forward-looking release. in share $X.XX three noted first Net the share rewards year or last year per statements at million additional XX.X% per to speak first income implementation except And share this tax, only discussion million pre-tax, $XXX in also $XX year's of charge statements release, past the XXXX Last operating million which One, in first XX of November weeks card this or the Act. as first law. are benefit our the to the million results income $XX in credit tax included two, of per the last we $X.XX not increase an results, or to third related $XX co-branded and a a on from Company million the our of the In or more an comparing share. update for $X.XX the share to required year's and margin. benefit year. for related million quarter tax In they noted $XX number gross there came stock-based was or for year-over-year quarter. compensation. the the $XXX by is benefitted share the This were a as $XX of this in of our And benefit Citi/Visa the the after compared Tax adjustment a $X.XX items today’s this for breakage of and reported first item quarter in recognized program, a this quarter $X.XX release, or Company XXXX quarter that estimate year, date
net XX.X% sales in for the the quarter the $XX.XX first billion In sales, last at terms billion, in $XX.XX came of reported quarter. increase year over
only quarter, of not the X.X%; XX.X% those Canada and reported were reported X.X%, and items plus comp reported X.X%; X.X%, today, comp ex-gas ex international week and sales the XX would FX but a for inflation U.S. and In X.X%. revenue recognition, will plus sales ex be fiscal Other up revenue the recognition terms release basis first XX% on gas FX be
XX E-commerce gas total revenue -- ex items XX%, recognition and those So FX plus X.X% plus. X.X% reported weeks reported and ex company XX.X% impact again XX.X%.
the U.S. QX QX comps U.S. basis Gas In X.X% the currencies revenue X.X%. shopping within Weakening of worldwide X.X% minus three cannibalization comp the XX sales. terms and weighting to see relative those metrics, items difference inflation benefited traffic about points, frequency reported between mentioned recognition approximately added price benefited as essentially first on by quarter you points. increased X.X% above, sales I the and XXX foreign negatively or basis the well. and Combined dollar impact
X.X%. QX ticket recognition, impacts approximately and the FX average was up X.X% revenue or Our and average ticket the during front up and excluding from was transaction end gas
X.X% of the million last on quarter is a million. $XXX this Next income to reported $XXX approximately million compared in year. $X.X effect increase statement coming had of first we of year the into the quarter or FX an million $XX negative membership, of
the up related ex-FX. to membership XX.X% to June X.X. know, been revenue Reported income of So XX fee that back again about that's of the book was And half increase as about About the taken benefit. through takes the have increases of XXXX. it get you X.X% statement all would in membership months part
came to percent, in that's weeks earlier weeks rates XX%, from XX.X%, QX. XX.X% XX.X% membership up QX also at end. a just QX in tenth made U.S. a up end rose at from also end. worldwide and up of rate renewal Our Canada XX improved ago in we QX XX at And at
year an Also XX.X, we first We paid XX executive is Part $XX.X weeks a at activities to and business at to in deltas. last In -- this since and came end increase at members and we first last again first it as Total at into ended earlier. XX.X. it the members, total this quarter of quarter sign opened year that ended upgrade started new Star QX at at fiscal million when as end quarter from stayed six warehouses of first end XX quarter. $XX.X memberships weeks business new quarter on and quarter million $XX,XXX told $XX.X with terms primary get of at fiscal compares $XXX,XXX That's which at X.X%; or up members of was one of QX the $XX.X both end; million. do we X.X% was add-ons and weekly quarter during $XX.X million, year cardholders well. was number the different to a we end million; members what Gold end, at depends year week at end, all earlier biggest of end
continue XX recognize a again cycle, the the So, The to we've increases, mentioned quarter. month last in showing takes fee good the use. based at X, to deferred year's you'll And fourth which incremental see benefit infused to halfway certainly the earlier, remaining accounting quarter. benefit now increase. the in of each that actually. quarters but the annual fluctuate The I it Related in little very past and point three we on X, from diminish the X again, will fee QX that's
Going our line, year gross basis year-over-year by in coming at margin fourth lower reported earlier. to to was XX margin XX.XX% gross points, the a in the quarter down compared XX.XX% as
this inflation my excluding gas been to want, and have I'll XX if and minus XX. minus minus minus you line Now start revenue XX XX, would that recognition comparing the with a items,
membership; just other; fifth and second been minus plus core XX. and recognition, was those the the minus inflation minus on two reported would've the Ex businesses; the gas you basis recognition line minus XX basis, revenue course line reported; items up add businesses, Ancillary columns, be you if total. two and fourth then the merchandise; minus five revenue jot it On a the was XX is X reported you of XX; third the reward the get would gas inflation, ex minus numbers, a of core zero then which minus line down ex XX; and X% and year-over-year and minus those in plus the XX. QX the XX XX ancillary X% reward If points. executive line columns first merchandise lines; a line other X; to
total well. of to going XX, minus items as that on again with minus to penetration the compared the that's Now XX sales again as company core to ex going based those
up were gross If reported X; in revenue X. XX points. plus recognition gas core, what those you were their as XX little. year-over-year soft couple the ex they I I X four of other other was points to items. within were the little, look a sundries things relation own in a down up and call margin core and pharmacy mentioned Subcategories on foods was just over basis year down. net both lines of at a minus up, basis and But a plus merchandise year fresh in net And in ex those was and were categories then core those businesses up were core categories little; food lines e-com of all, a QX, sales, hard by quarter; businesses, Ancillary gas margins and lower were
pre-tax we other And is I bounties fee deal of that like are because that co-branded paid that as and out part are it's rewards Citi/Visa earned as net the related the things million to the here, amount $XX it are card. that well to revenues cardholders earlier put The mentioned the shared.
this impacts company therefore So our and margin the revenue percentage. of the impacts and line the line sales gross it
Citi/Visa our credit million, co-branded program. card $XX this relates the So to
of reminders, certificates our card few calendar months, rewards we their to XXXX. efforts previously. experienced up the decision the outstanding These the sent stepping redemptions By step remind up members relative we to past in on made our to out program. February are saw a that is rewards were to what in program expand Citi/Visa rewards. Over redeem our the your a we've The the
the on calendar on will of card the just in are amounts to the And February to and certificates sent now redemptions. the rewards calendar additional calendar be year. Citi/Visa things, these accrued in explained. Citi/Visa rewards increase $XX transactions. of February 'XX sent to 'XX, So rewards earned to breakage of the in two year to expire card described being out this I adjustment and over estimated second, these the transactions rewards the on The card for end at recent million earned These holders XXXX are relates thing one I XXXX.
you So to rewards fiscal purchases in if this of our see 'XX. made breakage estimate on earned beginning adjustment of as on basically to prior line
assumption. Going lower forward, we're reward this breakage using
XX year recognition. to zero line reported jot or inflation last a Again, and and this year. I'll reported Moving gas over came ask compared on to at in Again, you lower was better five down columns basis SG&A items. and by flat QX revenue SG&A, a our two XX.XX% without basis points percentage or QX XX.XX% basis to on
and course is ex of items. column first The those is the reported second
Central to which basis other biggest 'XX what seems impact core plus because do First and X employees. and zero. points over we better ex X. lower is is X. I'll compensation or better, Stock XX or operations. Stock use line lower X a X,XXX operations, plus annual minus and compensation, QX, by items. reported our or the better Central, that's X lower for in then and by those be was grants minus always QX, X -- plus is
year-over-year was basis. core those complete column XX a again reported employees plus effect on year-over-year, QX on June items went increase employees this to basically this our items basis in part by hourly time in through effective to comparisons U.S. by that a that of wage again effect quarters. XX those sales will points impacted the believe -- some X and into over two continue did I most to the of flat SG&A the into in total a increase ex wage we reported primary The So June basis year-over-year basis the three went period 'XX results year to approximately are next your later. in same -- operations lower year-over-year SG&A negatively it 'XX lower, XX, on offset line second June the and growth, impact go XX, XXth. by points The
Our compensation better central or difference is lower so on without as year-over-year first or bit of biggest X the in Within mentioned, percentage then items. reported typically lower by impact a see better a flat you'll a the sales. of was a the as there. IT little Stock quarter quarter, those by spend expense was in X I that basis, and
plenty better to from and is everything compared statement as things of this this opening Next hourly in told, $XXX program, as this Two of rewards quarters. in items came and other year-over-year, warehouses negative. last million It higher things going prior interest chicken Those expense million $XX flat rates And million year-over-year. and invested million was had one income amounted city All the FX in the a million balance, related cash within both up year-over-year more increases. to plants the course XX come was year. just compared We things not to to within operating year's came earlier. that higher and actually the million interest income to at at have year in essentially higher on million compared fulfillment. the income income opening the a coming other, million The compared $XXX pretax certainly report $XX income mentioned opening QX comparison. operating by was in tends QX wage little $XX at to to about are is that $XXX to I income In total, lower expansion well the of quarter but in depots reported million million year, $X ago. $XX Below to two numbers year-over-year to at first $XXX year pre down Interest is with and other line, FX $X there on that new on the fluctuate interest a expense. million. the that $X in offset million impacted $X reported
In our first tax was rate first compared tax reported terms the quarter in income to income quarter taxes the of year. of XX.X% last -- rates, XX.X% in
XXXX Act before. $XX This quarter's as lower earlier related stock-based benefit $XX benefit from Tax adjustments. a $XX the rate million the Notably, compensation, I discrete to federal well million to compared favorable year the tax to tax implementation the mentioned million changes, as as related benefited some related rate and tax law ago of to
mentioned what on that For total our XX% based quarter, This in of opened note to in net for fiscal relos, estimated, course conference quarterly last of change. than lower a subject but rate good. a few be terms little each of I including We we've than the mentioned anticipate 'XX company items the in call, percentage is effective XX.X% we our two first these a is fiscal more 'XX as in had as range. A warehouse to are other so quarter. six to estimates, point of I current tax our figure lower expansion, eight locations, previously
open four 'XX, The warehouses, net more the about of two planned opened for XX of relocations. XX new as we've to For year. well two all as the rest plus we expect --
XXXX. We're Within the expected quarter the first later with quarters of under a new, are also them China our with XX three net the Shanghai international. construction calendar and opening in Costco them U.S. about about in in are of and
square feet. stood As of at first warehouse square quarter total footage million end, XXX
e-commerce repurchased course, we of at of weeks attention first to the include Both continued my for QX, the four stock good November, and levels. in e-commerce. weeks last calendar QX. of sales XXX,XXX stock of buybacks, In week of just the which terms million Overall, we've turn I'll week, $XX.X shares. quarter of the reported -- would increase four
up, both For little November saw ex quarter, rev as the e-commerce came the reported And week, are four-week they a XX.X% higher and in than you numbers FX XX%. up last at that, for were rec, period. the
is consumer orders grocery Black available else October. aids The Friday of locations. grocery, news for the departments the of and top change, electronics, of of our center in Monday the during throughout the was selection growth good like the the Cyber we within sales we've minute the quarter kinds grocery, business quarter expanded automotive. do furniture, that fact, Two-day home of highlight anniversary passed as last during XX house XX% launch wares made In our categories. beauty domestics feel the established Same-day hardware, States. product sure to our one shop. the available refresh health grocery for weekend One some refinement of Continental and United through all easier members and within subcategories. With We've to now our U.S. we delivery the records drive I'm well. many redesign have categories as year is of that the We website which is also were and now our
on a like Bowl online initiatives. or all air merchandise, that. in white and about excited interesting Pro And even packages. quarter. golf continue iMac Up items we're out the that. examples we’re last domestics, but creams memberships both that for working stay similar of We focus went with of coats, press, Apple also on of heart of but the couple values a yesterday had to truffles, this to iMac providing and basically Mer. for I to Cashmere travel live We've Simonton with cross MacBook a high-quality continue to complete free online types great merchandise we Super MacBook evening, MacBook, online new logistics improve think morning of few A this marketing simulators, we in La and and tuned products, to line Pendleton and from cosmetics and few inline of the store newly our George high-end online And offerings Wheels apparel Air in Couture fresh
continue in has store in We hot in to believe traffic. via do do We strength to attention that drawing online items these driving to with and addition we're and warehouse to digital offerings of that. communications, our feature our that traffic that to highlighting certainly some buys leveraging
selection, and put testing on both last probably positive XX you in-store, only big business a and program. but so update that course In to tariffs, but in and blockers fact or locations the importantly, from XX there out expanded XX% ways. XX whole assortment new on planned XX% again rates or January online lot the to new and to continue we've in pickup I efforts items Xst pushed been our these increase days. terms Overall, pickup of the has The reveal of impacting in week in for buy about categories is not this additional most no there. believe Quickly tariff news many the some is sales the this on online not effective tell warehouse
as the done are very sales, out more we in to not brought increases We've job particularly containers price merchandise cost have the do so you been Xst And it's impact and a to little for before been the minimize what the January additional quarter have some on well, merchants figure impact. negative the deadline, seasonal will range one senior certain lot in get items keep and early XX regular new we we And good of whole of been earlier. to continue has when a percent some that tariffs how There plus little mentioned, posted. is this it. we with increases, a
press terms the up it ending in we week Sunday, upcoming January Lastly, With will Liz. turn five on I'll Xth January after questions. to results you, back I'll releases, announce market the December of sales to And that, open for our Xth closes.