How Local Magazines Win the Hearts of Their Readers

FY23 fourth quarter service performance scores covering July 1 through September 22, included: *First-Class Mail: 91.4 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 1.2 percentage points from the fiscal third quarter. *Marketing Mail: 95.2 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 86.2 percent of Periodicals delivered on time against the USPS service standard, a decrease of 2.7 percentage points from the fiscal third quarter.

Highlights: Revenue Increased 2%, Reflects 2016 Divestitures and Acquisitions; Organic Revenue Increased 10%; Diluted EPS Increased 13% to $1.62; Adjusted Diluted EPS Increased 19% to $1.72; Operating Profit Margin Increased 80 Basis Points to 45%; Adjusted Operating Profit Margin Increased 330 Basis Points to 47%. Click Read More below for additional details.

Costco Wholesale Corporation announced its operating results for the first quarter (twelve weeks) of fiscal 2021, ended November 22, 2020. Net sales for the first quarter increased 16.9 percent, to $42.35 billion from $36.24 billion last year. Net income for the quarter was $1,166 million, or $2.62 per diluted share, compared to $844 million, or $1.90 per diluted share, last year. This year’s first quarter included tax benefits of $145 million or $0.33 per diluted share, $0.16 of which was due to the deductibility of the $10 per share special cash dividend, to the extent received by the Company’s 401(k) plan participants; and $0.17 cents related to stock-based compensation. Last year’s first quarter included a $77 million or $0.17 per diluted share tax benefit related to stock-based compensation. This year’s results reflect an expense for COVID-19 premium wages of $212 million pre-tax or $0.35 per diluted share.