AAP October 2021 StatShot Report

WBA third quarter sales from continuing operations increased 12.1 percent from the year-ago quarter to $34.0 billion, an increase of 10.4 percent on a constant currency basis1, reflecting strong growth in the International segment, aided by the formation of the company's joint venture in Germany during the fiscal year, and solid growth in the United States segment. Operating income from continuing operations was $1.1 billion in the third quarter, compared with a loss of $1.7 billion in the year-ago quarter, primarily due to $2 billion non-cash impairment charges in the year-ago quarter related to goodwill and intangible assets in Boots UK. Total net earnings attributable to WBA were $1.2 billion compared with a loss of $1.7 billion in the year-ago quarter, reflecting non-cash impairment charges in the previous period, increased operating income in both segments and earnings from the company's equity method investment related to Option Care Health; this was partially offset by a higher effective tax rate driven by discrete items in the year-ago quarter. Total adjusted net earnings in constant currency increased 79.5 percent to $1.3 billion.

Supreme Court Justices Anthony Kennedy, Neil Gorsuch and Clarence Thomas had already indicated they favored overturning Quill before the case was heard. On Tuesday, Justice Ruth Bader Ginsburg suggested she would join them, calling the ruling “obsolete,” according to Yahoo Finance. Ginsburg said letting states tax online sales would equate to “equalizing sellers.” But Supreme Court Justices Sonia Sotomayor and Samuel Alito said the decision on ecommerce taxation should be left up to Congress, Yahoo reported. Sotomayor said the lack of a mechanism for collecting taxes directly from consumers was the real problem, not the Quill ruling. Click Read More below for additional information.

Costco Wholesale Corporation reported net sales of $11.26 billion for the month of November, the four weeks ended November 26, 2017, an increase of 13.2 percent from $9.95 billion during the similar period last year. For the twelve-week first quarter of fiscal year 2018 ended November 26, 2017, the Company reported net sales of $31.13 billion, an increase of 13.3 percent from $27.47 billion reported in the twelve-week first quarter of fiscal 2017. While this year’s twelve-week first quarter included one less sales day than the first quarter last year (due to the shift of the Thanksgiving closure this year), pre-Thanksgiving and Black Friday/holiday weekend sales fell into the first quarter this year compared to the second quarter last year. Combined, these factors produced an estimated net benefit of approximately 1.5% in the U.S., and slightly less worldwide.