and Canadian operations, which comprised 87% and 84% of net sales and operating income in 2019, respectively.
Our financial and operational performance is highly dependent on our U.S.
COSTCO TURBOTAX 2017 TAX YEAR UPDATE
Forward-looking statements speak only as of the date they are made, and we do not undertake to update these statements, except as required by law. Such forward-looking statements involve risks and uncertainties that may cause actual events, results, or performance to differ materially from those indicated by such statements, including, without limitation, the factors set forth in the section titled “ Item 1A-Risk Factors ”, and other factors noted in the section titled “ Item 7-Management's Discussion and Analysis of Financial Condition and Results of Operations ” and in the consolidated financial statements and related notes in Item 8 of this Report. Forward-looking statements may also be identified by the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “likely,” “plan,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “will,” “would,” or similar expressions and the negatives of those terms. They include statements that address activities, events, conditions or developments that we expect or anticipate may occur in the future and may relate to such matters as sales growth, changes in comparable sales, cannibalization of existing locations by new openings, price or fee changes, earnings performance, earnings per share, stock-based compensation expense, warehouse openings and closures, capital spending, the effect of adopting certain accounting standards, future financial reporting, financing, margins, return on invested capital, strategic direction, expense controls, membership renewal rates, shopping frequency, litigation, and the demand for our products and services.
Certain statements contained in this Report constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.
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