For the four weeks ended July 26, 2020, comparable net merchandise sales for the 42 warehouse clubs open at least 13 ½ full months decreased 4.5% when compared to the same four-week period last year. Foreign currency exchange rate fluctuations impacted comparable net merchandise sales negatively by 3.6% or $8.3 million versus the same period in the prior year.
Sherry S. Bahrambeygui, Chief Executive Officer, commented: