Costco Wholesale Corporation Reports First Quarter Fiscal Year 2022 Operating Results

Amazon announced its first-ever purchase of eleven Boeing 767-300 aircraft, expanding its fleet to continue to serve customers. The purchases include seven aircraft from Delta and four aircraft from WestJet, which will join the network by 2022. Amazon Air’s fleet expansion comes at a time when customers are relying on fast, free shipping more than ever. “Our goal is to continue delivering for customers across the U.S. in the way that they expect from Amazon, and purchasing our own aircraft is a natural next step toward that goal,” said Sarah Rhoads, Vice President of Amazon Global Air. “Having a mix of both leased and owned aircraft in our growing fleet allows us to better manage our operations, which in turn helps us to keep pace in meeting our customer promises.”

Big gains in sales of adult and young adult titles drove up unit sales of print books by 24.3% in the week ended April 24, 2021, over the comparable week in 2020 at outlets that report to NPD BookScan. At this time last year, sales were beginning to recover from early pandemic declines, and were almost flat with the comparable week in 2019. Unit sales last week were about 13.5 million, and were approximately 11.1 million in each of the two previous years. In adult nonfiction, all the subcategories—with the exception of humor and crafts/hobbies/antiques/games—had sales increases over the week ended April 25, 2020, led by sales of travel books, where units soared nearly 348% after crashing last spring. Five of the top 10 bestsellers in the category were released last week, with World Travel by the late Anthony Bourdain and his longtime collaborator Laurie Woolever landing in the top spot, selling more than 50,000 copies. George Bush’s Out of Many, One was in the fourth spot, selling almost 28,000 copies, followed by Cook This Book by Molly Baz, which sold about 22,000 copies.

Costco Wholesale Corporation reported net sales of $15.67 billion for the retail month of November, the four weeks ended November 29, 2020, an increase of 15.1 percent from $13.62 billion last year. For the twelve-week first quarter ended November 22, 2020, the Company reported net sales of $42.35 billion, an increase of 16.9 percent from $36.24 billion last year. For the thirteen weeks ended November 29, 2020, the Company reported net sales of $46.33 billion, an increase of 16.0 percent from $39.95 billion during the similar period last year.