The holiday sales period ended on a high note with unit sales of print books increasing 5.8% over the week ended December 24, 2022 at outlets that report to Circana BookScan.
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Third Quarter Fiscal Year 2023 Financial Highlights *Adobe achieved revenue of $4.89 billion in its third quarter of fiscal year 2023, which represents 10 percent year-over-year growth or 13 percent in constant currency. *GAAP operating income in the third quarter was $1.70 billion. GAAP net income was $1.40 billion. *Cash flows from operations were $1.87 billion. *Remaining Performance Obligations (“RPO”) exiting the quarter were $15.72 billion. *Adobe repurchased approximately 2.1 million shares during the quarter.
Saveur magazine is back—in print. It will appear again in March 2024, and pre-orders are being taken right now, writes Kat Craddock, editor and CEO of Saveur. There will be two issues per year to start. The title’s previous owners stopped publishing print issues during the pandemic. Craddock says the loss was heartbreaking. The March drop will be “just in time for Saveur’s 30th anniversary,” Craddock adds.
Adobe announced the latest online inflation data from the Adobe Digital Price Index (DPI), powered by Adobe Analytics. Online prices in July 2023 fell 1.6% year-over-year (YoY), marking the eleventh consecutive month of YoY price decreases, with the majority of categories (11 of 18) tracked by Adobe seeing falling prices on an annual basis. On a month-over-month (MoM) basis, online prices fell 0.9% in July. July’s YoY price decline was driven by notable drops in categories such as appliances, which fell 8% YoY (down 0.3% MoM), as well as furniture/bedding which fell 3.5% YoY (down 0.7% MoM). Steeper YoY declines were observed in electronics, which fell 11.7% YoY (down 0.7% MoM) as well as computers, which fell 15.4% YoY (down 1.5% MoM).