Costco Wholesale Corporation Reports May Sales Results

Meredith Corporation and Magenta launch Fortune Italy. The magazine will be distributed in Italy, Switzerland and Montecarlo, and will cover a range of topics from the economy and politics, to technology, startups and innovation. Through a license agreement with Meredith Corporation and Magenta, Fortune Italy will be published monthly in Italian. Fortune Italy will include features from the U.S edition of the magazine, as well as original content from its staff in Italy. Fortune Italy Senior Editor Fabio Insenga will lead the editorial staff and coordinate a team of internal editors and 25 contributors and correspondents. The magazine's first print edition will be available on newsstands June 2, 2018. Click Read More below for additional information.

Costco Wholesale Corporation reported net sales of $21.71 billion for the retail month of March, the five weeks ended April 2, 2023, an increase of 0.5 percent from $21.61 billion last year. For the thirty-one weeks ended April 2, 2023, the Company reported net sales of $137.77 billion, an increase of 6.0 percent from $130.00 billion last year.

Hearst announced it has agreed to acquire QGenda, LLC from investment firms Francisco Partners and ICONIQ Growth. QGenda is a leading provider of healthcare workforce management solutions. More than 4,500 organizations, including leading physician groups, hospitals, academic medical centers and health systems use QGenda to advance workforce scheduling, optimize capacity and improve access to care. The announcement was made by Steven R. Swartz, president and CEO of Hearst; Gregory Dorn, M.D., president of Hearst Health; and Greg Benoit, CEO of QGenda, who will continue to lead the company. Terms were not disclosed. Pending regulatory approval, QGenda will become part of Hearst Health, the healthcare division within Hearst. Hearst Health is currently comprised of market-leading companies FDB, Homecare Homebase, MCG, MHK and Zynx Health. The transaction is expected to close later this year.