Print Unit Sales Jump in Mid-November

FY2022 fourth quarter service performance scores covering July 1 through September 30 included: *First-Class Mail: 93.1 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 94.8 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 86.9 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter.

Bloomberg Media launched Bloomberg Green, a new quarterly print magazine focused on climate change solutions. The latest offshoot of the “Bloomberg Green” brand, which first debuted in January, the print edition complements an existing web vertical and daily newsletter of the same name. Spread over more than 90 pages (of 100% recycled paper), the debut issue includes a cover story about how stimulus spending to help the economy emerge from the COVID-19 pandemic can be used to combat climate change, an opening column by Mike Bloomberg and a feature well that dives into Australia’s water crisis, plastic waste and an assessment of Disney’s impact on a Peruvian rainforest, in addition to data- and infographic-heavy regular departments that will look at both current climate-related news as well as emerging issues and solutions.

*Net sales of $4.04 billion, up 2% compared to last year. Comparable sales were up 1% year-over-year. -Online sales increased 5% compared to last year and represented 39% of total net sales. -Store sales increased 1% compared to last year. The company ended the quarter with 3,380 store locations in over 40 countries, of which 2,743 were company operated. *Reported gross margin was 37.4%; adjusted gross margin, excluding $53 million in impairment charges related to Yeezy Gap, was 38.7%, deleveraging 320 basis points versus last year. *Reported operating income was $186 million; reported operating margin of 4.6%. *Reported net income of $282 million.