CONSOLIDATED STATEMENTS OF INCOME - USD ($) shares in Thousands, $ in Thousands |
3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|
May 31, 2024 |
May 31, 2023 |
May 31, 2024 |
May 31, 2023 |
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| Revenues: | |||||
| Total revenues | $ 1,229,428 | $ 1,096,654 | $ 3,687,853 | $ 3,293,649 | |
| Selling, general and administrative: | |||||
| Warehouse club and other operations | 119,053 | 106,172 | 346,792 | 306,694 | |
| General and administrative | 40,434 | 34,343 | 114,682 | 100,274 | |
| Separation costs associated with Chief Executive Officer departure | 0 | 0 | 0 | 7,747 | |
| Pre-opening expenses | 26 | 495 | 970 | 584 | |
| Loss (gain) on disposal of assets | 350 | (2) | 872 | 295 | |
| Total operating expenses | 1,179,519 | 1,053,602 | 3,516,113 | 3,141,270 | |
| Operating income | 49,909 | 43,052 | 171,740 | 152,379 | |
| Other income (expense): | |||||
| Interest income | 2,521 | 3,161 | 8,612 | 6,260 | |
| Interest expense | (3,579) | (2,747) | (9,688) | (8,310) | |
| Other expense, net | (1,882) | (1,885) | (11,044) | (11,795) | |
| Total other expense | (2,940) | (1,471) | (12,120) | (13,845) | |
| Income before provision for income taxes and income (loss) of unconsolidated affiliates | 46,969 | 41,581 | 159,620 | 138,534 | |
| Provision for income taxes | (14,483) | (12,019) | (49,895) | (44,647) | |
| Income (loss) of unconsolidated affiliates | 3 | 10 | 82 | (63) | |
| Net income | $ 32,489 | $ 29,572 | $ 109,807 | $ 93,824 | |
| Net income per share available for distribution: | |||||
| Basic (in dollars per share) | $ 1.08 | $ 0.95 | $ 3.62 | $ 3.02 | |
| Diluted (in dollars per share) | $ 1.08 | $ 0.94 | $ 3.62 | $ 3.01 | |
| Shares used in per share computations: | |||||
| Basic (in shares) | 29,968 | 30,800 | 30,052 | 30,752 | |
| Diluted (in shares) | 29,968 | 30,829 | 30,052 | 30,770 | |
| Net merchandise sales | |||||
| Revenues: | |||||
| Total revenues | $ 1,194,531 | $ 1,070,263 | $ 3,590,461 | $ 3,211,725 | |
| Cost of goods sold: | |||||
| Cost of goods sold | 1,008,721 | 906,613 | 3,024,134 | 2,703,143 | |
| Export sales | |||||
| Revenues: | |||||
| Total revenues | 11,586 | 6,347 | 30,106 | 23,687 | |
| Cost of goods sold: | |||||
| Cost of goods sold | 10,935 | 5,981 | 28,663 | 22,533 | |
| Membership income | |||||
| Revenues: | |||||
| Total revenues | 19,279 | 16,735 | 55,566 | 48,806 | |
| Other revenue and income | |||||
| Revenues: | |||||
| Total revenues | $ 4,032 | $ 3,309 | $ 11,720 | $ 9,431 | |
| X | ||||||||||
- Definition Pre-Opening Costs (Returns) No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income earned from interest bearing assets classified as other. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of selling, general and administrative expense classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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- Definition Amount of expenses for special or contractual termination benefits provided to current employees involuntarily terminated under a benefit arrangement associated exit or disposal activities pursuant to an authorized plan. Excludes expenses related to one-time termination benefits, a discontinued operation or an asset retirement obligation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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