“Our effective tax rate is currently -- it continues to be projected to be in the 26% to 27% range for the fiscal year.”

In context

“is point delta year-over-year in the second quarter. All told, reported operating income in Q2 increased 35% on a reported basis, coming in at $1,812 million this year compared to $1,340 million a year ago in the second quarter. Below the operating income line, interest expense was $36 million this year versus $40 million last year. Interest income and other for the quarter was higher by $6 million year-over-year, $25 million this year versus $19 million last year, primarily due to favorable FX. Overall, reported pretax income in the quarter was up 37%, coming in at $1.801 billion compared to $1.319 billion a year earlier. In terms of income taxes, our tax rate in Q2 was slightly higher than it was in Q2 a year ago. It came in at 26.7% compared to 26.4% a year ago in the second quarter. Our effective tax rate is currently -- it continues to be projected to be in the 26% to 27% range for the fiscal year. A few other items of note. Warehouse expansion. For the year, we now plan to have 32 new units and 32 units, including 4 relocations. So replacing existing units to larger and better located facilities. So net total of 28. I think a quarter ago, we actually said it was a net total of 27, so 1 more than that. However, remember, several of these are slotted to open in Q4, our fiscal Q4, 1 of them or 14 net new. So there's always a potential for 1 of those to shift into the next fiscal year. The five openings in Q2 that we had, one each in Mexico or 40th in Mexico, our second in France, our second in China, our fourth in Spain and 1 additional unit in Florida, where we now have 29 locations. Regarding capital expenditures, our Q2 spend for CapEx was approximately $723 million, and our full”