Core Insights - Costco reported strong quarterly revenue of over $62.5 billion, a 9.1% increase from $57.3 billion year-over-year, primarily driven by increased store visits [1] - Despite the revenue growth, the company missed earnings per share expectations, resulting in a 1.5% decline in stock price during after-hours trading [1] Financial Performance - Net sales for the quarter exceeded $62.5 billion, reflecting a 9.1% increase compared to the same period last year [1] - The company added 1 million new paid memberships, raising the renewal rate to 93% in the US and Canada [3][5] Operational Insights - CEO Ron Vachris indicated that the company would work to minimize cost increases due to tariffs, noting that less than one-sixth of products sold in the US are imported from China, Mexico, and Canada [2] - CFO Gary Millerchip mentioned that uncertainty around tariffs led to increased inventory purchases, which contributed to higher supply chain costs during the quarter [2] Customer Engagement - Foot traffic data showed a 7.7% increase in visits to Costco, significantly outpacing increases at Walmart and Target [3] - Web and app sales also saw an uptick, with 43 million visits recorded to the new warehouse inventory tool during the fiscal second quarter [3] Future Plans - The company plans to open 12 additional US locations, including its 900th warehouse, along with two in Canada and four in other international markets [4]