Costco Wholesale Corp Q4 2020 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: John Edward Heinbockel - Guggenheim Securities, LLC, Research Division - Analyst : Richard, so a couple of things in gross. If you -- even if you take out fresh food, right, it looks like the other 3 were up quite a bit. Maybe dive into a little bit similarities driving those 3 big categories versus what might be unique to each. And then how sustainable is that, right? Because this obviously is one of the better core in cores we've seen in a while.

Question: John Edward Heinbockel - Guggenheim Securities, LLC, Research Division - Analyst : And then on ancillary rights, you said 75% was gas and travel. But it was gas the bulk of that? And if so, was gas more the compare last year versus any decision you made, right, to take less margin? I imagine it's not bad to take less margin and try to drive traffic because market is just not there, right?

Question: John Edward Heinbockel - Guggenheim Securities, LLC, Research Division - Analyst : All right. And then lastly, what's the current thought process on 2 things: expanded BOPUS, which you haven't wanted to do for cost reasons; and a third tier of membership? I don't know if it'd be a higher tier or a middle tier but sort of segmenting that a little more.