outlined you, Thank forward-looking results good Reform and from that risks not meaning and uncertainties the materially Vincent, the reports Act these by I’ll of cause statements differ from discussions those stating today’s those and limited SEC. include, to such of start identified The with that indicated XXXX. filed well performance statements. will involve company’s as Securities may and/or are include uncertainties Private statements These but to, the afternoon within risks Litigation and as to in call, by risks the public everyone. other statements in events, actual time-to-time
fell compared $XXX quarter at the in million share, $XXX increase quarter. year the are and the XX% into the ended Note of or release, quarter. XX only second required they share in for came reported the weeks for company these quarter reported speak for weeks and the that per third income to The of press not past or as first retail weeks February statements second well weeks first except statements the results February today’s of to with Sunday, that the XXXX, $X.XX last made, we as four sales does net ended two four fiscal of a quarter million In two the are the the XXth, undertake Xrd. as update operating per February this as weeks this February March $X.XX law. three of our fiscal date by fiscal past Forward-looking
Canada weeks for the quarter billion the sales sales, of on for second sales was international a quarter, over total the press basis was last billion, $XX.XX X.X%, for XX.X%. reported terms reported for as minus In a quarter. a the in reported year a the X.X% basis, X.X%, Comparable company XX increase the Other the shown came in X.X%, in on $XX.XX US e-commerce the at XX release weeks for was X.X%, well as net
reported and dollar, the gas well currencies of foreign as minus FX be would X.X% year, FX in X.X%, revenue the as impact to a is an plus would the this the weakening recognition, instead relative and X.X% being some X.X%, company been for the X.X%, would've in reported Canada reported Excluding plus X.X%, at become rec international would which deflation, reported other rev impact XX.X% ex-gas, US of a total XX.X% again e-commerce plus. a X.X% and be X.X%
frequency currencies In the sales terms in impacted gasoline deflation metrics, of to was X.X% price another worldwide traffic approximately by States. X.X% or relative increased sales United second negatively XX quarter QX of Weakening comp impact. foreign shopping basis points basis dollar US XXX the and and minus points
in positive. today's three comp Our sales we adjust presented the factors that and are column. about actually for basis that These release, the benefited points to rev rec the are XX as adjusted by
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million the million from that million half or would income than of Going that's -- amount, million X.X% another up in at statement, a year-over-year in up more down or the million than of little up revenue taken $XX foreign fee reported that’s million ex-FX. June $X the Again $XX flat fee membership more membership $XXX to increases up that plus a with of the membership XXXX weak $XX $XX million up that and for related ago. year you FX -- of US $XX -- little Reported came make adjusted currencies in X.XX%, or if income XX% a Canada.
months recognized We’re In the accounting QX recognize half the But be very the of our in nearing the benefit. that these and as benefit small fee last QX have by The next P&L of P&L. now end quarters, the about a each diminishes two couple as end will our with the year. that of benefit we was benefit cycle in be it fiscal XX to very increases of deferred quarters incremental into to fully recorded of it will will then QX in quarter.
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So improvement in renewal our rates.
QX QX total increased total at weeks ended households at QX XX.X the we and XX end the member and weeks cardholders end, million of XX.X at terms earlier XX XX.X In later QX million was at is households, member cardholders, this of million, XX.X members million. with from QX number that end,
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country in this Now executive executive is membership the fifth which the recent offering membership. our includes Korea, of introduction
little those over QX Korea a contributed increases. half For of
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core basis the to at their X higher merchandise in core sales, were call relation we Looking categories on margins by what year-over-year core, points. own
and other a sales gross the hard margin Ancillary and on departments XX up of and rev lines sub by the fresh was But deflation food sundries were was the foods a somewhat lines down four little up rec categories net and four soft little. and Within and also a key both things. their up driven XX own basis and points, other from up points. business few and gas X e-com benefiting ex-gas, basis were primarily
central columns, basis at points X better. our so QX items improvement last was with coming better that tell points we point and lower compared expense basis was I whole sales remained zero, out, of to this chart points points, stock both XX.X% by basis SG&A percentage the and there without Moving QX and in Operations basis out year. normally you. zero the other line compensation In were the adjustments overall the XX.XX% not total a year or isn’t that over SG&A, X X to, X both in an at of really give X lot usually to so
hourly pretty terms that increases the In XXth went X wage that given was still US better, facing XXXX. employees points feel from we our that to of basis it effect good we’re June into last result headwinds of
quarter of quarters, comparisons XXth XX. negatively X through during impact couple and week in those QX, SG&A ends impacted to anniversary to increases on fiscal into fiscal June will year-over-year, continue it mentioned basis points which the SG&A past basis by XX our points that wage month the about of to first May and As X QX fourth
past Monday, this we our agreement. new Additionally, three year employee began
agreement, the in XX With that the XX.XX new taking XX our and up and Canada. to we’re per announced and XX.XX wages starting US hour both we from
annual introduced also of are done -- X items paid SG&A points add to wage and In these about basis addition X increasing employees. bonding introduce for four usual each leave supervisors increases These are quarters. that additional wages to all for typically the will top we're Collectively, also March. over next hourly to items incremental scale and the
and top is that SG&A stock through in of to other this year-over-year point items. just again mentioned June. of terms on comparable basis I impact central X will and various expense line comp Now Otherwise, mid pretty impact this X the that SG&A coming
year an operate the countries of year. capitalized was the foreign reported preopening quarter-over-quarter last Interest third year. to bit opening Preopening year-over-year. $X and is again, as net QX interest million last $XX lower million Next income of million in two million a to The $XX the to the income XX% this offset of $X.XXX lower of in income Also rates US was year dollar year million billion to primarily to up higher income compared preopening. last better in in million compared year by and comparison one opening. year operating offset currencies the Morris, 'XX $XX warehouse year FX reported new this combination told, opening our openings, earnings coming Illinois one opening. last had higher up million the Interest meat by $X by were due billion in were we the year. million. $XX reported in in as due $XXX just actually $X.XXX that year. slightly that to additional the was operations plant Overall, same, to at $XX All XX.X% of versus in due also income Recognize compared compared year-over-year strength we income line, foreign higher year to a had each the expenses coming and Year-over-year $X improvement other Last coming the much -- our is balances. interest income QX year this $XX more related by million. -- in a operating a This amounts. difference relate or the better the many billion well. pre-tax to at higher operating this year-over-year, actual itself benefiting $X.XXX interest various QX is preopening in Below interest relocation. about expense to year invested other little lower items essentially compared this in the $X was being year-over-year million year quarter, in in one little quarter is on where realized amount this at last million and in in QX at coming to countries, was actually last cash delta statement There's expense activities the our we of the
of In to QX a tax anticipated, last terms was income 'XX year. in better XX.X% in our than tax rate little had during effective we came rate compared taxes income at QX XX.X%
location net In on Bayonne, all quarter plan items tax of tax of XX our is we but have to relocation. tax no City ago. other now change, actually our tax This current percentage third our our relos, that approximately include of be fiscal opened which of for the two a anticipate fiscal we XX. China net subject than fiscal these QX, morning benefit about based this for foreign one For second relos. in net or This benefit would our the year, XXth relos, be new beyond also and to open now New Minhang; can and expansion a a 'XX. in the again unit a a not a in benefit year Madrid location X.X slip Shanghai rate our primarily Jersey. and late in we in the openings to for end during Australia. May, including this 'XX point credits. guess we estimates again, rate fiscal XX% year type to opening to April, for our to through including of effective do better openings our will so in XX of QX continue a had to two better Any open early one-time This that a We previously The big total plan including XXth planned similar opened unit Korea; of company which in one-time is QX, quarter A QX. in area. a includes We In us units, three openings few note, right we due best anticipate Spain, figure a opened is lower are we the XX of XX.X%. little estimated first in is bit certain
a footage terms while you in end we grow stood know also warehouse as QX square California feet. support commissary ago in the ago we allocate XXX including might our total million of I had of over CapEx in in add to As second CapEx first our to Morris, operations, year-and-a-half at more the that meat and and also square one plant, opened a little last year, Canada. then Illinois, many the bakery Canadian years continue
small We the initial a are doing this under just around our next we processing areas more of Depot. at for our later other near big in of that year. believe year depots. Also, production those plan in our for we -- month this construction e-commerce expansion two Mira many we start to as started our Depot I ago Loma up operation Nebraska. -- we the is automation with plant chicken part packages This and plan and fulfillment to We are first world. --
of of two-day or terms business which we country In centers of XX our by are XX business of of the six as that We over operations months. these around out started the XX XX to next depots of process and in in know out year-and-a-half the the several October moving centers we you ago. to did our grocery,
one, beginning done more have right we've several and around got think summer. I the we end first of the spring, of planned
shares XXX,XXX average of an price $XXX of of $XX we of $XXX the terms course than expanded repurchase higher in QX, to significantly $XXX.XX. is The QX at In million purchases million buybacks, stock million.
growth In terms increased and XX.X% e-commerce, up again reported e-commerce electronics during on hardware, Top orders quite and and the consumer and toys few metrics. and actually, basis rev apparel. in terms and what of continued other a e-commerce automotive, overall call seasonal, of we sales profits in the rec quarter beauty tire increases ex-FX XX.X%, and quarter, grocery, majors, health categories aids, a sales in
Continental the was to to locations. now passed now October. a of anniversary on United have Two-day our short while is grocery available again the grocery XX grocery of We launch is they these our now states. nicely. We business XX% our day US delivery Same have anywhere States total grocery growing and pieces small available ago members of throughout drive year one a within operation shipments all are still are year which
Apple now In recent the online what expect the the would our of good to several started in yes and they terms a values terms of and much arrive. you from Sony, of brands MacBooks new selection addition e-commerce, products first and items during including the just quarter, members. of offering to expect Also of we broader we products, iMacs are
Murad and health In items. and terms of shampoo Skin and like Living aids Somerville Kate beauty names conditioner, Proof Care
XX new supplies the that a is XX under for NordicTrack find famous pound and online a $XX.XX. few And shelf and If can somewhat year front, pointed now locations. exercise serving the that XXX name. macaroni out you emergency cheese in interested, Costco of I finally, On had like
think We and continue cross-marketing our to to our continuing online line improve initiatives that’s business. in and drive we
program. In in terms in for this categories, the our store, handbags buying lockers we online XX of in test quarter, to some selection continue and the electronics pick-up and jewelry, locations within and pickup expanded same
in year, fall. calendar Australia Japan this operations likely Lastly, e-commerce late we early will early in summer begin and summer,
ended compared February X, year-ago. turn the I’ll period to our results, XXXX Finally, four the to sales same weeks a March
billion, month sales came net release for at of $XX.XX our from year $XX.XX an billion increase in earlier. in X.X% reported the a As
company X.X; adjusted and on rec a rev on and a Canada ex rec, those minus in with again, and for would ex-gas, zero rev X.X was weeks plus ex those X.X, FX basis other a X.X%, reported US sales the be reported FX total four comparable reported X.X that things, ex-gas, international and of X.X; at terms X.X X.X%, minus reported a items. basis In came
and of were weather and a and the big in US those total We and in Canada. figure X% the Canada XX.X% more appropriate the by e-commerce little that was XX.X%, negative up. ex company approximately terms negatively sales weeks estimate adjustments the impact the on adjustments -- for than X% impacted four throughout US way. In February reported a
February's New by occurred about New In point. days XX Year February points as X.X XXX sales total holiday we basis however, company in this addition, same by negatively important year, Lunar points, This estimated The other sales last and and year. Year sales shift percentage in Chinese as to of terms earlier X.X percentage impacted is holiday strength. international an
of The combined, plus Spain. that eight was locations. internationally rec. for were Southeast, rev effectively and comp and US the shift, Japan, X.X% is other eliminating and the regions for mixed February weeks were with deflation Spain at in two February holiday relatively X.X%, international Northeast and impact course gas and the Midwest, the January reported strongest results Looking the across results with new strongest and UK of ex-FX,
XX. Asia, for The X.X% relative our down best February weather year $X.XX. US. points. year-over-year food in X.X% in Within court year-over-year, cannibalization for about basis gallon basis reported impacted US, year in total four-week deflation about adverse points, earlier percentage the by by Canada basis US hearing those international by for and by negative sold Feb impact the hurt XXX had by ancillary estimated or sales points X.X% and compared comp Including Other approximately we impact businesses XX points. $X.XX, the hurt points. XX worldwide during dollar in comps price in was the sales The other same price selling ago impact to company in into also month optical average plus was XXX about total even points up if a X.X XX the X% total Canada this Gas effect February. February currencies -- Foreign and number traffic year XXX negatively those basis effect shift sales to about negative comp frequency international, comp the the aids, of -- taking the basis taking an company of February in into comp holiday was -- and average and minus
rec. again and February [X.X%] for the FX, month, gas For average the was combined rev impacts includes transaction from up this deflation
prepared that's So our terms it of about in notes.
Lastly, in Sunday Thank market the sales on I April XXth ending you. the close will Vincent. it up March over back announce releases that, weeks -- our the we after Xth, terms April it results will five for of upcoming after closes. market to open to and Q&A turn With
