Blackhawks business updates: Cutting out ticket brokers has stabilized resale prices

UPS announced third-quarter 2022 consolidated revenues of $24.2 billion, a 4.2% increase over the third quarter of 2021. Consolidated operating profit was $3.1 billion, up 7.5% compared to the third quarter of 2021, and up 6.0% on an adjusted basis. Diluted earnings per share were $2.96 for the quarter; adjusted diluted earnings per share of $2.99 were 10.3% above the same period in 2021. For the third quarter of 2022, GAAP results included after-tax transformation and other charges of $27 million, or $0.03 per diluted share.

1-800-FLOWERS.COM, Inc. reported that it had received a new authorization from its Board of Directors increasing funds available for stock repurchase to $40 million. The new authorization replenishes and increases a previous $30 million authorization that had approximately $4 million remaining after the Company had returned approximately $26 million to shareholders by repurchasing shares over the past two years. Chris McCann, CEO, 1-800-FLOWERS.COM, Inc., said, “We believe our stock is a very compelling investment and repurchasing our shares enables us to return additional value to our shareholders.”

Unit sales of traditionally published e-books fell 10% in 2017, compared to 2016, according to figures released by PubTrack Digital, part of the NPD book group. The service, which tracks sales from about 450 publishers, said e-book unit sales hit 162 million last year, down from 180 million units in 2016. NPD reported that combining print sales from its BookScan service with PubTrack digital sales, e-books accounted for 19% of total units (both print and digital) last year, down from 21% in 2016. The top selling e-book among the trade publishers, it reported, was The Handmaid's Tale published by Houghton Mifflin Harcourt. Click Read More below for additional information.