v3.26.1
SEGMENTS
 9 Months Ended
May 31, 2026
Segment Reporting [Abstract]  
SEGMENTS SEGMENTS
The Company and its subsidiaries currently are principally engaged in the international operation of membership shopping in 57 warehouse clubs located in 12 countries and one U.S. territory that are located in Central America, the Caribbean and Colombia. In addition, the Company operates distribution centers and corporate offices in the United States. The Company has aggregated its warehouse clubs, distribution centers and corporate offices into reportable segments. The Company’s reportable segments are based on management’s organization of these locations into operating segments by general geographic location, which are used by management in setting up management lines of responsibility, providing support services, and making operational decisions and assessments of financial performance. Segment amounts are presented after converting to U.S. dollars and consolidating eliminations. Certain revenues, operating costs and inter-company charges included in the United States segment are not allocated to the segments within this presentation, as it is impractical to do so, and they appear as reconciling items to reflect the amount eliminated on consolidation of intersegment transactions. From time to time, the Company revises the measurement of each segment's operating income and net income, including certain corporate overhead allocations, and other measures as determined by the information regularly reviewed by management. When the Company does so, the previous period amounts and balances are reclassified to conform to the current period's presentation.
The group composed of the Company’s (i) Chief Executive Officer, (ii) Chief Operating Officer, and (iii) Chief Financial Officer functions as the Company’s Chief Operating Decision Maker ("CODM"). The Company’s CODM manages business operations and evaluates the performance of each segment based on the operating income (loss) of the segment and net income. The CODM considers actual performance relative to expectations and growth potential to determine the appropriate allocation of resources to each segment.
The following tables summarize by segment certain revenues, significant expense categories, operating costs and balance sheet items regularly provided to the CODM, (in thousands):
United
States
Operations		Central
American
Operations
Caribbean
Operations (1)
Colombia
Operations
Reconciling
Items (2)
Total
Three Months Ended May 31, 2026
Revenue from external customers$1,453 $885,952 $385,969 $208,419 $— $1,481,793 
Intersegment revenues535,633 8,631 2,616 2,191 (549,071)— 
Total revenues
537,086 894,583 388,585 210,610 (549,071)1,481,793 
Less (3):
Cost of goods sold590 728,859 315,535 174,590 — 1,219,574 
Intersegment cost of goods sold511,279 8,459 2,594 2,148 (524,480)— 
Warehouse club and other operations— 80,656 39,289 24,357 — 144,302 
General and administrative (4)
51,393 434 429 20 — 52,276 
Intersegment reimbursement of expenses(22,506)13,588 6,292 2,626 — — 
Operating income (loss)
(3,670)62,587 24,446 6,869 (24,591)65,641 
Interest income from external sources310 1,874 967 108 — 3,259 
Interest income from intersegment sources1,014 1,079 — — (2,093)— 
Interest expense from external sources(453)(808)(1,231)(1,358)— (3,850)
Interest expense from intersegment sources(514)(341)(494)(839)2,188 — 
Provision for income taxes(5,102)(9,540)(620)(184)— (15,446)
Other segment items (5)
730 (1,680)(8,938)(25)— (9,913)
Net income (loss)
$(7,685)$53,171 $14,130 $4,571 $(24,496)$39,691 
Depreciation and amortization(2,070)(12,469)(6,489)(3,750)— (24,778)
Capital expenditures, net5,810 26,437 20,268 3,800 — 56,315 
Nine Months Ended May 31, 2026
Revenue from external customers$3,564 $2,613,810 $1,147,794 $594,882 $— $4,360,050 
Intersegment revenues1,639,314 24,755 7,349 7,760 (1,679,178)— 
Total revenues
1,642,878 2,638,565 1,155,143 602,642 (1,679,178)4,360,050 
Less (3):
Cost of goods sold1,080 2,149,793 941,105 496,395 — 3,588,373 
Intersegment cost of goods sold1,569,202 24,178 7,240 7,605 (1,608,225)— 
Warehouse club and other operations— 235,149 112,819 67,613 — 415,581 
General and administrative (4)
150,345 920 746 97 — 152,108 
Intersegment reimbursement of expenses(78,765)50,378 23,025 5,362 — — 
Operating income (loss)1,016 178,147 70,208 25,570 (70,953)203,988 
Interest income from external sources1,251 5,093 3,238 258 — 9,840 
Interest income from intersegment sources3,666 4,392 2 — (8,060)— 
Interest expense from external sources(1,308)(2,894)(3,993)(4,034)— (12,229)
Interest expense from intersegment sources(2,659)(1,660)(1,362)(2,468)8,149 — 
Provision for income taxes(20,321)(22,293)(3,609)(2,349)— (48,572)
Other segment items (5)
572 (9,288)(15,450)87 — (24,079)
Net income (loss)$(17,783)$151,497 $49,034 $17,064 $(70,864)$128,948 
Depreciation and amortization(6,016)(36,868)(18,985)(11,158)— (73,027)
Long-lived assets (other than deferred tax assets)103,465 700,126 342,914 221,167 — 1,367,672 
Goodwill8,981 24,288 10,024 — — 43,293 
Total assets284,312 1,303,186 601,181 330,524 — 2,519,203 
Capital expenditures, net11,095 63,998 63,707 9,326 — 148,126 
Three Months Ended May 31, 2025
Revenue from external customers$990 $801,341 $360,989 $153,969 $— $1,317,289 
Intersegment revenues489,631 8,155 2,182 1,806 (501,774)— 
Total revenues
490,621 809,496 363,171 155,775 (501,774)1,317,289 
Less (3):
Cost of goods sold956 659,892 297,521 129,268 — 1,087,637 
Intersegment cost of goods sold469,307 8,004 1,764 1,769 (480,844)— 
Warehouse club and other operations— 72,505 36,007 17,233 — 125,745 
General and administrative (4)
47,029 635 (33)46 — 47,677 
Intersegment reimbursement of expenses(21,330)14,764 6,559 7 — — 
Operating income (loss)
(5,341)53,696 21,353 7,452 (20,930)56,230 
Interest income from external sources313 1,606 510 57 — 2,486 
Interest income from intersegment sources1,437 1,857 103 — (3,397)— 
Interest expense from external sources(267)(895)(321)(1,279)— (2,762)
Interest expense from intersegment sources(1,217)(644)(616)(924)3,401 — 
Provision for income taxes(5,594)(6,217)(1,459)(647)— (13,917)
Other segment items (5)
(1,333)(345)(4,573)(628)— (6,879)
Net income (loss)
$(12,002)$49,058 $14,997 $4,031 $(20,926)$35,158 
Depreciation and amortization(2,070)(11,514)(5,936)(3,237)— (22,757)
Capital expenditures, net3,236 18,750 13,534 1,351 — 36,871 
Nine Months Ended May 31, 2025
Revenue from external customers$14,595 $2,385,508 $1,086,237 $452,779 $— $3,939,119 
Intersegment revenues1,497,761 25,176 5,664 4,645 (1,533,246)— 
Total revenues
1,512,356 2,410,684 1,091,901 457,424 (1,533,246)3,939,119 
Less (3):
Cost of goods sold13,770 1,966,652 893,374 382,866 — 3,256,662 
Intersegment cost of goods sold1,436,557 24,617 5,199 4,534 (1,470,907)— 
Warehouse club and other operations— 211,852 105,686 50,294 — 367,832 
General and administrative (4)
132,548 2,007 164 146 — 134,865 
Intersegment reimbursement of expenses(62,191)42,591 19,172 428 — — 
Operating income (loss)(8,328)162,965 68,306 19,156 (62,339)179,760 
Interest income from external sources969 4,803 1,514 155 — 7,441 
Interest income from intersegment sources4,560 5,175 304 — (10,039)— 
Interest expense from external sources(801)(2,092)(1,238)(3,864)— (7,995)
Interest expense from intersegment sources(3,544)(2,328)(1,653)(2,512)10,037 — 
Provision for income taxes(16,712)(20,878)(4,961)(1,246)— (43,797)
Other segment items (5)
(605)(5,605)(11,039)(1,814)— (19,063)
Net income (loss)$(24,461)$142,040 $51,233 $9,875 $(62,341)$116,346 
Depreciation and amortization(5,676)(33,570)(16,507)(9,633)— (65,386)
Long-lived assets (other than deferred tax assets)71,548 652,921 242,471 196,718 — 1,163,658 
Goodwill8,981 24,240 10,010 — — 43,231 
Investment in unconsolidated affiliates— 6,870 — — — 6,870 
Total assets237,412 1,133,625 493,315 280,088 — 2,144,440 
Capital expenditures, net5,868 54,766 30,466 6,815 — 97,915 
As of August 31, 2025
Long-lived assets (other than deferred tax assets)$90,663 $659,756 $262,543 $197,268 $— $1,210,230 
Goodwill
8,981 24,254 10,003 — — 43,238 
Investment in unconsolidated affiliates
— 6,889 — — — 6,889 
Total assets300,177 1,147,392 534,654 286,934 — 2,269,157 
(1)Management considers its club in the U.S. Virgin Islands to be part of its Caribbean operations.
(2)The reconciling items reflect the amount eliminated on consolidation of intersegment transactions.
(3)The significant expense categories and amounts align with the segment level information that is regularly provided to the chief operating decision maker.
(4)General and administrative expenses include pre-opening expenses and loss on disposal of assets.
(5)Other segment items include other expense, net and income (loss) of unconsolidated affiliates.