Costco Wholesale Corporation Reports January Sales Results

FY23 third quarter service performance scores covering April 1 through May 5, included: *First-Class Mail: 91.9% of First-Class Mail delivered on time against the USPS service standard, an increase of 1.0 percentage point from the fiscal second quarter. *Marketing Mail: 95.9% of Marketing Mail delivered on time against the USPS service standard, an increase of 1.3 percentage points from the fiscal second quarter. *Periodicals: 88.8% of Periodicals delivered on time against the USPS service standard, an increase of 2.3 percentage points from the fiscal second quarter.

The Bon-Ton Stores, Inc. announced that it has amended its $880 million ABL Tranche A and Tranche A-1 credit facility, providing the Company with immediate flexibility and substantial additional liquidity under its current credit facility. Nancy Walsh, Bon-Ton's Executive Vice President and Chief Financial Officer, commented, "We are pleased with this amendment which immediately provides us with additional liquidity cushion and strengthens our financial flexibility through the holiday season. We appreciate the ongoing support of our bank group as our team continues to execute key operational and financial initiatives focused on positioning the business for both near- and long-term profitable growth." Click Read More below for additional information.

The U.S. Postal Service today announced its financial results for the 2021 third quarter ended June 30, reporting a net loss of approximately $3.0 billion, compared to a net loss of approximately $2.2 billion for the same quarter last year. Excluding the combined effects of non-cash workers' compensation adjustments due to fluctuations in discount rates and other actuarial revaluations, the loss for the quarter would have been approximately $2.3 billion, compared to a loss of approximately $2.4 billion for the same period last year. The Postal Service reported operating revenue of approximately $18.5 billion for the third quarter of fiscal 2021, an increase of $845 million, or 4.8 percent, compared to the same quarter last year. Marketing Mail revenue increased by approximately $1.0 billion, or 42.2 percent, on volume growth of approximately 4.3 billion pieces, or 38.6 percent. Marketing Mail experienced steep volume declines at the onset of the pandemic last year, but has been rebounding as the economy continues to recover. First-Class Mail revenue increased by $54 million, or 1.0 percent, on volume growth of 130 million pieces, or 1.1 percent, as the economy continues to recover. Shipping and Packages revenue decreased by $646 million, or 7.8 percent, on a volume decline of 300 million pieces, or 14.1 percent, compared to the same quarter last year, as a pandemic surge in demand for package deliveries began to abate.