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Costco Wholesale Corp (COST) on Q2 2020 Results - Earnings Call Transcript

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Costco Wholesale Corp (NASDAQ:COST) Q2 2020 Earnings Conference Call March 5, 2020 5:00 PM ET

Company Participants

Richard Galanti - EVP, CFO & Director

Conference Call Participants

Simeon Gutman - Morgan Stanley

Gregory Melich - Evercore ISI

Christopher Horvers - JPMorgan Chase & Co.

John Parke - Gordon Haskett

Karen Short - Barclays Bank

John Heinbockel - Guggenheim Securities

Michael Baker - Nomura Securities

Rupesh Parikh - Oppenheimer

Scot Ciccarelli - RBC Capital Markets

Judah Frommer - Crédit Suisse

Oliver Chen - Cowen and Company

Peter Benedict - Robert W. Baird & Co.


Ladies and gentlemen, thank you for standing by, and welcome to the Q2 earnings call and February sales conference call. [Operator Instructions]. I would now like to hand the conference over to your speaker today, Mr. Richard Galanti, CFO.

Thank you. Please go ahead.

Richard Galanti

Thank you, Rochelle, and good morning to everyone -- good afternoon to everyone. 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. These statements involve risks and uncertainties that may cause actual events, results and/or performance to differ materially from those indicated by such statements. 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. 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.

In today's press release, we reported operating results for the second quarter of fiscal 2020, the 12 weeks ended this past February 16, as well as February retail sales results for the 4 weeks ended this past Sunday, March 1.

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