Walmart Releases Q1 FY23 Earnings

The United States Postal Service reported new delivery performance metrics showing the average time to deliver a mailpiece across the postal network remained stable at 2.7 days between the period Jan. 1 and Jan 21. The Postal Service continues to implement mitigation plans due to recent winter storms to move mail and packages effectively with First-Class Mail performance showing steady signs of improvement over the second week of January. Additional second quarter service performance scores covering Jan.1 through Jan. 21 included: *First-Class Mail: 86.9 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 2.2 percentage points from the fiscal first quarter. *Marketing Mail: 91.7 percent of Marketing Mail delivered on time against the USPS service standard, a decrease of 1 percentage point from the fiscal first quarter. *Periodicals: 80.6 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter.

HH Global is delighted to announce our listing at number 30 in Sunday Times PwC Top Track 250. The Sunday Times Grant Thornton Top Track 250 ranks Britain’s private mid-market growth companies with the biggest sales. The listing sees HH Global move up 14 places. This year’s special Covid-19 edition highlights the important contribution that mid-market companies have made to the UK during the pandemic, from supporting the NHS to enabling remote working. Group CEO, Robert MacMillan said: “This year has seen some huge milestones for our business, and we’re delighted that our performance has once again been recognised in the Sunday Times PwC Top Track 250. As ever, my thanks go to our staff whose delivery for our clients is driving our performance and growth. We look forward to climbing the list further next year!”.

Net sales for the quarter increased 16.1 percent, to $50.94 billion, from $43.89 billion last year. Net sales for the first 24 weeks increased 16.4 percent, to $100.35 billion, from $86.23 billion last year. Net income for the quarter was $1,299 million, $2.92 per diluted share. Last year’s second quarter net income was $951 million, $2.14 per diluted share, which included $246 million pretax, $0.41 per diluted share, in costs incurred primarily from COVID-19 premium wages. Net income for the first 24 weeks was $2.62 billion, or $5.90 per diluted share, compared to $2.12 billion, $4.76 per diluted share, last year. For the four-week reporting month of February, ended February 27, 2022, the Company reported net sales of $16.29 billion, an increase of 15.9 percent from $14.05 billion last year.