Act call, and results by Laurie, statements to I may Litigation everyone. the risks statements Thank uncertainties performance and that other good limited statements. uncertainties include, these start and identified that Reform Securities differ Private from stating of actual to outlined forward-looking XXXX. discussions to will the to These those risks time meaning materially as involve with those and events, you, company's cause the afternoon The of indicated and/or SEC. as will in time within include from public today's are risks reports by not well the such in but filed statements
pre-tax income year of made $X.XXX for statements, $X.XX or company update items quarter as early per the release the $XXX or partially to million was debt. statements share XX quarter. $XX incremental undertake share costs, totaling in or to premium per billion in compared charge a and as the $XX related by a not share fourth the an year were as $X.XXX the of except share fourth we and a in for as XXXX, year’s XX.X% the from Reported and of In the quarter share Forward-looking pretax, as a reported reserve increased tax $X.XX wages $X.X fourth they only These speak today's earlier. these does quarter for payment fourth diluted fourth million offset fiscal assessment by of the weeks billion XX. by related a sanitation or required benefit of to to $X.XX law. $X.XX last in share, taken net million $XXX pre-tax the per the well diluted results quarter press related ended or up - at per $XX.XX $XX.XX million of our billion fourth the share year. negatively last diluted sales COVID-XX product reversal $XXX impacted Net tax This to quarter quarter August billion and per $X.XX operating came partial billion, are expense XX date for to
For entirety, the XXXX. in and was U.S. fiscal again $XXX.XX number reported total XX.X%. at XX%, XX.X%, up Canada U.S. a billion deflation the increase the its FX, fiscal were FX XX.X%, the follows: On X.X% $XXX.XX XXXX for of fiscal and a XXXX year Comparable in fourth the the came ex-gas reported sales over FX in reported ex-gas comp billion, bringing XX.X% for basis XX.X%. deflation of FX was weeks reported fiscal and in as XX quarter of deflation again up, company to XX.X% the gas Other excluding ex-gas up. deflation international X.X% a
up For ex-gas up. the XX.X% was FX FX risk – e-commerce reported company, and XX.X% and
price relative the Traffic down basis of U.S. an deflation In sales comp negatively frequency in quarter approximately foreign dollar terms gasoline points, of by basis fourth on X.X% to worldwide or and during impacted about currencies the basis negatively metrics, XXX fourth the the sales increase quarter was showed sales shopping a points. and XX U.S. impacted by X.X%
all have and to been as ancillary ancillary, we've the the impacts sundries, in you those. as FX open other calls though was and merchandise pharmacy in kept sales We’ve and sales XX.X% Overall being from in while that softlines businesses, well which deflation travel fresh, negative have now been on the up strong, fourth able average included impacts our size identify core food core, during in transaction our were basket the and from pandemic average the or notwithstanding monthly Our gas up-to-date as quarter, been hardlines, sales number. soft.
fee quarter of $XX down fourth ’XX. Next, million $X.XXX membership increase reported ex-FX The have income $XX We $XX $X.XX quarter income the would income. a fee statement, moving billion, million. of been in fourth from up billion membership the million
eight the During the new net units year. quarter and we opened fiscal entire for XX
at of at a our renewal number and rates, terms end rate and fourth Canada also from rate XX.X% XX.X%. worldwide at remained ago quarter In quarter renewal U.S. at similar remained its
holders, at the – came had members quarter number standardize quarter at the end fourth of markets, different fourth globally, holders includes was holders others households at methodology The total approximately increase adding In and versus that XXX.X end, America to X.X card million. paid in card so in resulted XX.X adjustment. base. in we count slight million terms households which member QX North apparently both the and In and of we membership million card and up paid change million, done member X.X members that our differently
X.X end million, to includes $X.X nor that XX.X quarter quarter, I'd to from At XXX,XXX example, memberships showed million during rate from the the adjustment. were of X.X paid increase the QX X.X million upwards. to this going includes renewal XX increase like the end. since milloin quarter an affected up million of executive an million increase XX.X from XX.X million fourth totaled note or that an that neither end million dollars increase membership third adjustment X.X Similarly, to quarter million, when we as QX the fourth the X.X So fee by third weeks adjustment. of however calculations income
would show been portion up numbers minus – I jot direct been our came that basis here. margin of to ask points have have came from points reported Going down deflation the basis XX.XX%, COVID a point and excluding excluding increase fourth that in the at and margin gas going expenses the in XX up year's quarter down margin gross margin last gross I’ll XX.XX%. line, basis That XX you gross in to the gross down X you would X line, of
column following reported, First as columns: the quarter jot will two ex-gas numbers, quarter fourth column be you deflation. second be fourth will If down
basis, and Year-over-year basis item give points The second merchandise inflation and line item. first deflation plus be item without reward line a minus-X. and the up basis line the points, so basis reported and Ancillary basis minus-XX. first basis core was reported basis in X% I XX plus-XX other ex-gas minus-XX of would which totals gas core of points, and minus-XX mentioned being minus-X XXX businesses ex-gas up a XX points points, XXX would basis reported on plus deflation and on minus-XX that merchandise. basis minus-X points you
and by and XX ex-gas an basis quarter points margin year-over-year again more points this higher of operations deflation, from dramatic shift XXX This in we versus the a a quarter, year. basis sales similar to coming other Now resulted businesses from the higher contribution higher core during last of the merchandise had component dollars last of core. margin significant to gross gross core even our ancillary total impact was and
basis categories and efficiency Looking only up sales at with if points gains up the core-on-core most with year-over-year labor our and Costco in in quarters was margins of merchandise this points. not coming a basis year-over-year member so productivity and The benefited significantly businesses. own our primarily strong from past into in as from acquired you or this, significant Most a lower fresh driver in we points. are was were softlines last-mile well already, here was it margins call but year-over-year for sundries, negative and March relation Food impact XX sales, any acquisition Note gross anticipated of product Again, gasoline losses past up. this travel, expanded lower quarter That ex-gas prices we to satisfaction. and we accounted or and the that fresh by about account will, - their and businesses destroyed impacted addition added March spoilage. three margins logistics, as offerings, our Ancillary Fresh these by XX delivered and as was damage in newly in food had big-and-bulky Innovel.” or margin business improve taking hardlines and acquired softlines, hardlines points sundries, basis sales foods carrier higher and were well. other fresh as ancillary again this as D-and-D what That minus-X all which basis product called biggest the decline. losses we core lower both ramps businesses foods the by which mentor deflation. of ancillary lower a XX
nearly previously Next, of impacts all sales. ex-gas other, fulfillment costs are million X% of attributable points, These sanitation departments operations, of the and and mentioned. to it cost $XXX allocated wages incremental to is for cost million minus-X COVID, to reward, merchandize this basis our there, our so say minus-XX $XX nothing really the from the basis costs deflation. points to In direct
you leveraged and XX in being the core column plus-X plus-X or basis column basis stock or sales which year-over-year Moving were Core was at second plus-XX or strong points of and deflation. first year to is better and reported in so would of other or SG&A significantly total lower basis COVID inflation fourth change, XX.XX% XX on by the fourth was XX. basis plus-X; quarter. better points better reported gives course a coming and jot percentage in SG&A. increases. related was and SG&A this merchandise by by by last basis SG&A and deflation down XX lower year-over-year ex-gas our plus-XX. lower core two XX points. if in SG&A columns ex-gas I’ll discuss numbers, ex-gas excluding better and the lower Again, points, a year following with XX being plus-X by expenses moment quarter better operations the by the in of basis plus-X versus the a reported deflation points we SG&A reported be as that and of Ex-gas X.XX% Central better sales compensation plus-X,
year-over-year ex-gas central, plus-X As showing and plus-X reported other compensation I in a stock small sales and of percent improvements basis a as the and point deflation. plus-X now mentioned,
the year's quarter reversal incremental gas That the $XXX the pre-tax to other sanitation. points. a ago item plus-XX in or basis reserve tax included are the COVID an that's $XX and points incremental deflation safety the Also total XX to taking number are these the in number. why in impacted in basis million other very earlier basis this points $XXX offsetting in million related and fourth a quarter, and plus-XX net line. that assessment equates fourth a or million from wages XX of was million amount. last was the quarter. way, positively Again, call product basis this basis $XXX for that by plus-X year impact discussed have so I costs costs That it small you point without plus-X The is As of
pre-opening that year big had to million. statement, in open difference income the That relos, the The expense. relates this compares warehouses on in in $XX the XX%, last quarter billion fourth openings million year and a $XX $X.XXX increased you million at quarter that percent in million first increase as quarter. earlier. $X.XXX less fourth I in $X complex. we coming All reported operating excluded line, the had compared those two year last and fourth new operating Last Interest to – pre-opening Last interest fourth higher income by XX this X quarter to related million, pre-opening fourth to at the expenses $XX gross the million year. items the new $XX the was year's other Next was mentioned year-over-year. poultry expense in for our would lower well compared last primarily quarter year's year-over-year to included as $XX quarter in by was million to or year. billion openings, net year coming was net gross income at quarter, opened and year be numbers, XX and it this this expense year coming income then scheduled the XX higher this Below in slightly the total during $XX our million in two $XX warehouses quarter in QX if pre-opening in
fourth a $XX interest following debt, pretext earlier, this actually pre-paid debt a we discussed As retirement million. other by items to or exclude principally coming – of last by $XX million came $XX of line. year. completion related of quarter during out reported Overall lastly interest in at was due these make-all in that's of year by $X.X billion to million. that's There – those was I early quarter what's the rates the higher the million by billion to in pointed in Actual pre-tax $X.XXX including known Again, the payment realized. income offering interest income lower lower expense debt up. being the FX XX%, of those billion quarter. It this in other $XX items $X.XXX point that and And income was was was lower year-over-year and compared earlier. lower as It the I
of items terms year was rate, tax – a when little note. income in QX quarter of ago XX.X% a rate XX.X%, it benefit In the items of than tax few other A there. lower ‘XX a our so was a year ago, in few other a little the fourth at
year, of year this have some we just planned now. In we ended terms delays COVID that that XX for a those of August few of some had warehouse expansion, pushed past in in been the with this into the fiscal are openings and
opened total three units we including year the relos. XX For
year locations. So of increase last net XX a we opened
for the open to about at point, at XX our including that's footage guess warehouse feet. square as million XXX our X XX and and this QX this stood plans end total plan square year relos, best net, is Our of
week the spent capital for year full million we approximately $X.X of $XXX In billion. XX we spent fourth the and expenditures, terms quarter
’XX Our seen as increased of CapEx is overall E-commerce: the you’ve estimated each nicely. have billion fiscal for range. month billion e-commerce our $X to sales $X.X all in
e-commerce several appliances, several, ex-FX fourth will, few housewares up food fourth small tablets, during smoothly XX.X% and aids, the and you very the - to quarter the program. a throughout online Overall For increase our electrics. result This in Total comp at health if the able dramatic party follow grocery on exclude reported If were have we volume third which throughout usual e-com mentioned would to ramped-up the just numbers same QX, times a third improve sites and our comps were relatively and approximately quarter. A during strong sundries, included quarter basis the order and that grew rate day times we the e-commerce TV's, volumes. during our stronger XXX% same XXX%. the our up deployments quarter beauty and and there's delivery e-commerce increases grocery been convention as despite we computers party the we delivery day the of quarter. adjusted XX.X% I above
it. items like. deemed sale beauty frame. the to Now, sales our and health and sales quickly by the and sales and also three the strength home, perspective much From foods and sales our foods the products as coronavirus strong outside starts issues the these sales strong COVID a with of July turning monthly fresh past August indicated in the from releases, sundries and of improved some enjoyed and being – We've area. and the the time June, aids impacts benefited Certainly and and for essential, food resulting surrounding we've results during and of
areas judging XX,XXX our by factories are us, on at categories optical travel, perspective, housewares, From seem lawn better less some limits chain, and improving running. last our goods. wipes, and area best getting and and and XX It of suppliers’ of feel and showing that's There behind. up, normal, week our of lastly, a are in [ph] operations reopened little like like. redirected and mattresses, still like protocols, equipment, sundries, notably safety back for to were aid certain like latex Toughest components is of China, as some months cookware, few businesses, to and Food to have most gloves. overall each factories that a kind garden, each out, gotten well those the supply still terms closed in we are XX exercise a least they certain hearing during computer some air us dining terms so electronics, the of ancillary goods getting as in furniture several getting still chain As the India of dollars plastics spending to view, and production is and improvement And of better. are bicycles, people mid-summer. is supply the better guess. paper week, catching in foot have and our hotel sanitizing and the on to white shipments weeks to downstream due the up challenges instituting and over
of are things quite other like. terms Milk like okay. pretty In bit we in PP&E, the butter, selling are of masks that good generally and shape and a
In foods, been terms we as put the had normal are but some on Seafood There that in allocations gotten those and all of had good of items, over generally point. it slowdowns that's this to the past fresh sales and some produce, currently throughout. and been some limits has at months all proteins few some good. to pretty back
holiday terms in – amount the merchandise of costumes. of a In few planning; a Halloween, small reduction
well Costco our out candy the have Travel looking as given of reduce shown than late, quarter for little book uses Some as basic and to well and areas more But further We has some starting generally very a travel more again, some things, house. see during basic in viewing strength we needs historically Christmas to the for the at relatively items, although And our as and going but significantly due modest optimistically. seen. improvement, impacted remember demand. do still as
employees regular open still disabilities. seniors wear have markets Our in you are on sanitization hours back required since know as the and additional X are remained warehouses and and guidelines and with many May following The weekday masks. distancing and persons certain to warehouses for all the social with to course hour warehouse and overall members mornings of we've
of on results October ending that market I is that, With Laurie. October Xth Q&A the will which will to sales after up we Finally, following you. Thank in Sunday, releases, September to upcoming it X, it and for Wednesday, announce give five back open our weeks close. terms
