Costco Wholesale Corporation

Thank you for standing by and welcome to the Q1 earnings call. At this time, all participants are in listen only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you will need to press star one on your telephone keypad. If you require any further assistance, please press star zero. Thank you. I would like to hand the conference over to your speaker today, Mr. Richard Calanti. Please go ahead.

Thank you, Cindy, and good afternoon to everyone. I will start by stating that these discussions will include forward-looking statements within the meaning of the Private Security 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 first quarter of fiscal year 2021. The 12 weeks ended November 22nd. Reported net income for the quarter came in at $1.166 billion, or $2.62 per share. compared to $844 million, or $1.90 per diluted share last year.

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