Costco Wholesale Corporation Reports Fourth Quarter and Fiscal Year 2024 Operating Results

First Quarter Results Overview - The comparisons refer to operating results for the first quarter of fiscal 2021 versus the first quarter of fiscal 2020 ended May 2, 2020: *Total net sales were $163.2 million, a record for a first quarter, which represented an increase of $85.9 million or 111.1%, compared to $77.3 million last year. *Gross profit was $54.8 million, or 33.6% of net sales, compared to $1.6 million, or 2.1% of net sales, last year. *Operating income improved to $14.9 million, or 9.1% of net sales, compared to an operating loss of $(28.4) million, or (36.7)% of net sales, last year as a result of the combined impact of the factors described above. *Net income improved to $11.0 million, or $0.36 per diluted share, records for a first quarter since the Company became publicly-traded, compared to a net loss of $(17.4) million, or $(0.59) per share, last year. Weighted average shares were 30.5 million this year compared to 29.7 million last year.

Meredith Corporation's PARENTS released the 12th annual list of Best Children's Books, recognizing the 30 top new reads for every child in 2020. Selected by the editors and kid-approved, the list of winners is available now on PARENTS.com/BestBooks and in the December issue of PARENTS magazine, available now. "Our editorial team—as well as our exclusive panel of librarians and voracious young readers—has been reviewing books since January to come up with this prestigious list of winners. PARENTS celebrates children's books in every issue, but there is nothing like this annual list to fill our readers' personal libraries and help raise the next generation of book lovers." Click read more below for the lists.

Unit sales of print book rose 19.5% in the week ended January 30, 2021, over the comparable week in 2020 at outlets that report to NPD BookScan. The increase marks the third consecutive week unit sales increased by at least 19% compared to 2020. For the month of January, print unit sales were 21.3% higher than January 2020. As has been the case for most of January, sales were up by double digits in all major categories. The four children’s publishing segments saw the largest gains. Unit sales of young adult fiction increased by 50.6% over a year ago, and young adult nonfiction sales rose 41.2%. In YA fiction, sales of supernatural/horror rose by 113% over the week ended February 1, 2020.