#$nvda earnings update#
#$nvda earnings plus#

Excluding gas inflation, it was minus 22 basis points. Now, the 74 basis point year-over-year reduction is on a reported basis. Moving on to fourth quarter gross margins.įor the quarter, gross margin on a reported basis came in at 10.18% compared - down 74 basis points from last year's reported gross margin of 10.92%. We'll let you know when something is about to happen.

We're pleased with our growth in both top line sales and membership households over the last several quarters and in member loyalty as reflected in increasing member renewal rates. In terms of membership fees and a possible increase, there are no specific plans regarding a fee increase at this time. Executive members now represent over 44% of our members and just under 72% of our worldwide sales. At Q4 end, our paid executive memberships totaled 29.1 million, an increase of 1.2 million or 74,000 per week during the 16 weeks since third quarter end. During the year, we opened 23 locations on a base that began the year with 815 warehouses. In terms of the number of member households and cardholders, at Q4 end, we ended the fourth quarter with 65.8 million paid household members and 118.9 million cardholders, both up 6.5% from a year earlier.Īnd that 6.5% increase in number of members and cardholders is on about - just under a 3% increase in the number of locations. And our worldwide renewal rate came in at the end of the fiscal year at 90.4%, up 0.4 percentage point from Q3 end when it was 90%. and Canada renewal rate came in at 92.6%, which is 0.3 percentage point higher from 16 weeks earlier at Q3 end when we were at 92.3%. In terms of renewal rates, we again hit all-time highs.Īt Q4 end, our U.S. That number, excluding the impact of FX, would have been $29.8 million higher, and the 7.5% reported increase would have been a 10% increase. That was up $93 million or 7.5% on a reported basis, again, with weaker foreign currencies relative to the U.S. Membership fee income came in at $1.327 billion or 1.88%. Going down the income statement to membership fee income on a reported basis. And in other businesses, travel and business centers performed best relative to the prior fiscal fourth quarter results. In terms of ancillary businesses, the best performers were gas and food courts. The best-performing core categories in the quarter were candy, frozen, kiosks, tire, lawn and garden, jewelry, toys, bakery and deli. dollar negatively impacted sales by a little over 2%, and gasoline price inflation positively impacted sales by approximately 5.5%. Our average transaction or ticket was up 6% worldwide and up 10% in the U.S.ĭuring the fourth quarter. In terms of the Q4 comp sales metrics, traffic or shopping frequency increased 7.2% worldwide and up 5.2% in the U.S. Separately, e-commerce, 7.1% reported and again, excluding FX, 8.4%.

#$nvda earnings plus#

So all told, total company was reported as 13.7%, and excluding gas and FX, plus 10.4%. When you exclude gas inflation and FX - we'll won't be any FX, gas inflation, it'd be 9.6%, Canada, 13.4% reported, 13.7% ex gas and FX, other international, 2.9% reported and 11.3% ex gas and FX. for the 16-week period on a reported basis had comp sales of 15.8%. On a comparable sales basis from the fourth quarter, U.S. Net sales for the fourth quarter increased 15.2% to $70.76 billion as compared to $61.44 billion reported last year in the fourth quarter.

#$nvda earnings update#

Forward-looking statements speak only as of the date they are made, and the company does not undertake to update these statements except as required by law. The risks and uncertainties include, but are not limited to, those outlined in today's call, as well as other risks identified from time to time in the company's public statements and reports filed with the SEC. I'll start by stating that these discussions will include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and these statements involve risks and uncertainties that may cause actual events, results and/or performance to differ materially from those indicated by such statements. Thank you, Latif, and good afternoon to everyone. Richard Galanti - Chief Financial Officer I would now like to hand the call over to CFO, Richard Galanti. Thank you for standing by, and welcome to Costco's fourth quarter fiscal 2022 earnings conference call.