Costco Wholesale Corporation (NASDAQ:COST) Q1 2020 Earnings Conference Call - Final Transcript

Dec 12, 2019 • 05:00 pm ET

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Costco Wholesale Corporation (NASDAQ:COST) Q1 2020 Earnings Conference Call - Final Transcript

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Executive
Richard A. Galanti

there's $7.5 billion of U.S. imports that are subject to a current 25% tariff, mostly food items like olive oil, cheese, wine, whiskey, butter cookies, etc. Again last week -- this last Monday, the White House announced that a proposed 100% tariff -- increase to 100% tariff on $24 billion in imports, which would include those in my other items. We'll just have to wait and see where that is, I believe comments are even anticipated to be complete until early to mid-January.

That's pretty much it on our part. Lastly, in terms of upcoming releases, we will announce our December sales results for the five-weeks ending Sunday, January 5th on Wednesday, January 8th after market close. And with that, I'll open it up to Q&A and turn it back to Laurie. Thank you.