Costco Wholesale Corporation Reports October Sales Results

The Association of American Publishers released its StatShot report for May 2020 reflecting reported revenue for all tracked categories, including Trade (consumer publications), K-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses. Total revenues across all categories for May 2020 were approximately $1.0 billion, a decline of 12.1% as compared to May 2019. Year-to-date sales were $4.3 billion, a decline of 4.5% as compared to the same period last year. Trade sales were down 7.9% year-over-year. Religious press revenues were up 7.0% year-over-year in May. Professional Books, including business, medical, law, technical and scientific, declined 3.7% for the month. University Presses declined 5.4% as compared to May of 2019.

United States Postmaster General Louis DeJoy announced today that the United States Postal Service (USPS) has reached an agreement in principle with the United States Department of the Treasury on the terms and conditions associated with $10 billion lending authority provided in the CARES Act. The USPS Board of Governors unanimously approved the agreement in principle yesterday and expects that the parties will formally memorialize the agreement through loan documents that will be jointly developed over the coming weeks. DeJoy expressed his appreciation to U.S. Treasury Secretary Steven Mnuchin for working with him to reach mutually acceptable terms and conditions. DeJoy said, “Access to an additional $10 billion in borrowing authority will delay the approaching liquidity crisis.”

Costco Wholesale Corporation reported net sales of $20.03 billion for the retail month of October, the four weeks ended November 3, 2024, an increase of 7.2 percent from $18.68 billion last year. Net sales for the first nine weeks were $44.65 billion, an increase of 8.0 percent from $41.33 billion last year.