Strong Sales Growth
Net sales for the second quarter were $62.53 billion, an increase of 9.1% from $57.33 billion in the second quarter last year. US comparable sales were up 8.3% or 8.6% excluding gas deflation.
Record E-commerce Performance
E-commerce comp sales were up 20.9% or 22.2% adjusted for FX, showing significant strength in digital sales.
Membership Fee Income Growth
Membership fee income increased by $82 million or 7.4% year over year, with a growth of 9.4% excluding FX.
International Success
Canada and other international business delivered record results on a constant currency basis, despite FX fluctuations.
Warehouse Expansion Plans
Projected 28 new openings during fiscal year 2025, including 25 net new buildings.
Employee Wage Increases
Implemented a new employee agreement with wage increases, reflecting a commitment to industry-leading pay and benefits.