Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $22.75 billion for the retail month of September, the five weeks ended October 1, 2023, an increase of 6.0 percent from $21.46 billion last year. The five-week period this year included the last week of the 53-week fiscal year 2023 ended September 3, 2023.
details at: https://investor.costco.com/news/news-details/2023/Costco-Wholesale-Corporation-Reports-September-Sales-Results/default.aspx
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American Media, Inc. announced that it has reached an agreement to acquire 13 brands from Bauer Media USA. The addition of the Bauer titles, including In Touch, Life & Style, and Closer as well as the nine brands that make up the Bauer Teen Group, including J-14 and Girls World, will now be part of the AMI Entertainment Group. Combined, the new AMI Entertainment Group will reach 38 million readers and deliver the youngest median age in the category. Newsstand sales will average 1 million copies weekly with less than 25 percent reader duplication. Click Read More below for additional information.
The U.S. ad market has fully recovered from the recession of 2020-21, with full calendar-year spending rising 18% vs. 2020, and 9% vs. 2019, according to a Standard Media Index analysis of the U.S. Ad Market Tracker, a collaboration with MediaPost indexing total U.S. ad spending from the pool of agency holding companies and independent agencies' actual media buys. A separate analysis of month-by-month data by MediaPost, however, reveals that the expansion has been decelerating through year-end 2021 (see related story). As robust as the recovery has been, SMI's analysis indicates it has been far from even across the major media.
S&P Global today reported third quarter 2020 results with revenue of $1,846 million, an increase of 9% compared to the same period last year. Net income decreased 26% to $455 million and diluted earnings per share decreased 25% to $1.88 primarily due to the debt tender premium and fees associated with the recent senior notes tender offer. "S&P Global has a collection of strong and resilient businesses that continued to perform well in the current environment. The demand for our ratings, benchmarks, research, data, and analytics is greater than ever during uncertain and volatile markets," said Douglas L. Peterson, President and Chief Executive Officer of S&P Global. "Two years ago, we established a number of growth initiatives. It is very encouraging to see so many of these investments result in new products that we have launched this year. This is particularly true with our ESG investments and the traction that our new ESG products are gaining in the marketplace."