Adult Trade Sales Had Solid October (publishersweekly.com)

Fourth Quarter Fiscal Year 2022 Financial Highlights *Adobe achieved revenue of $4.53 billion in its fourth quarter of fiscal year 2022, which represents 10 percent year-over-year growth or 14 percent in constant currency. Diluted earnings per share was $2.53 on a GAAP basis and $3.60 on a non-GAAP basis. *GAAP operating income in the fourth quarter was $1.51 billion and non-GAAP operating income was $2.02 billion. GAAP net income was $1.18 billion and non-GAAP net income was $1.68 billion. *Record cash flows from operations were $2.33 billion. *Remaining Performance Obligations (“RPO”) exiting the quarter were $15.19 billion. *Adobe repurchased approximately 5.0 million shares during the quarter.

IWCO Direct announced a new strategic plan that features the largest investment in the history of the 52-year-old company. The investment of approximately $50 million will accelerate IWCO Direct’s evolution as a leading strategic solutions partner, well-positioned to meet the current and future needs of performance marketers. “With this historic investment in IWCO Direct, we will quickly and significantly enhance the value we can bring to marketers in delivering response and business impact through our strategy, creative, data, and campaign execution,” stated John Ashe, CEO of IWCO Direct.

In response to the devastation caused by recent wildfires throughout California, Gap Foundation will make a $100,000 donation to the Center for Disaster Philanthropy’s (CPD) California Wildfires Recovery Fund. To date, the 2020 California wildfire season has resulted in more than 1.6 million acres of burned land and more than 3,100 structures damaged or destroyed. Gap Foundation chose to partner with CDP because of their approach that prioritizes medium to long-term recovery, especially among vulnerable populations throughout California. Since its inception, CDP’s California Wildfires Recovery Funds has awarded more than $3 million in grants to nonprofits and community groups in northern and southern California. Through the Selvage Fund, and in partnership with E4E Relief, Gap Foundation is able to support Gap Inc. employees who have been directly impacted by the fires.