Key Highlights: Financial Performance: Net sales increased 7.5% to $60.99 billion, compared to $56.72 billion in the same period last year. Net income for the quarter was $1.798 billion, or $4.04 per diluted share, compared to $1.589 billion, or $3.58 per diluted share, in the prior year. This includes a $100 million tax benefit related to stock-based compensation. Excluding the tax benefit, net income and diluted EPS growth were 9.9% and 9.8%, respectively. Gross margin improved by 24 basis points, driven by strong sales performance. Sales and Comparable Sales: Comparable sales for the first quarter increased by 5.2%, with adjusted comparable sales (excluding gasoline prices and foreign exchange impacts) rising by 7.1%. U.S. comparable sales were particularly strong at 7.2% (adjusted). E-commerce comparable sales surged by 13.0% (13.2% adjusted). Membership: Membership fee revenue increased by 7.8%. The worldwide membership renewal rate remained high at 90.4%, with a 92.8% renewal rate in the U.S. and Canada. Total paid memberships grew by 7.6% to 77.4 million, while total cardholders increased by 7.2% to 138.8 million. Warehouse Expansion: Costco opened two new warehouses during the quarter, one in Zaragoza, Spain and the other in Napa, California. The company has plans to open six additional warehouses in the remainder of FY 2025. Digital Metrics: E-commerce site traffic increased by 16%. Average order value for online purchases grew by 4%. Costco Logistics deliveries saw a 13% increase, with items delivered rising by 19%.