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

Wyndeham Group has secured a two-year extension of its print contract with Hearst UK which includes the addition of three new titles. The three new arrivals, Red, Red Travel and Country Living, bring the number of magazines Wyndeham prints for Hearst up to 18, and will be printed at Wyndeham Roche in Cornwall. Wyndeham's first magazine work for Hearst was the printing of lifestyle weekly Reveal in the early 2000s. It secured 10 titles in 2016 in the wake of Polestar’s collapse. Group sales director Jon Hearnden said: “We have a very strong relationship with Hearst UK and over its span we have proven ourselves to be reliable and capable of turning over a consistent product. Click Read More below for additional information.

Amazon is on pace to spend over $120 billion on supplies and services from businesses in the U.S. in 2021. The purchases are from more than 200,000 companies that operate in communities across the country that help keep Amazon running—from electric vehicle manufacturers to cardboard box producers to construction and engineering firms. The 2021 spending represents an increase of 20% year over year and does not include any of the products Amazon buys and sells to customers in its stores. “Millions of families rely on us to deliver what they need every day,” said Dave Clark, CEO of Worldwide Consumer at Amazon. “Delivering for our customers takes teamwork—we can’t do it alone. We rely on strong partnerships with hundreds of thousands of American businesses—from our forklift manufacturer in Kentucky to the construction company in Texas that builds our delivery stations. Today is about renewing our commitment to these businesses and betting big on them.”

First Quarter Highlights • Consolidated revenue of $161.5 billion, up 6.0%, or 5.8% (cc)1, including a benefit of ~1% from an additional selling day • Consolidated gross margin rate up 42bps due to improvements across segments, led by Walmart U.S. • Consolidated operating income up $0.6 billion, or 9.6%; adjusted operating income up 13.7%1 , due to higher gross margins and growth in membership income • Global eCommerce sales grew 21%, led by storefulfilled pickup & delivery and marketplace