Costco Wholesale Corporation Reports December Sales Results

Second Quarter Fiscal Year 2022 Financial Highlights: *Adobe achieved record revenue of $4.39 billion in its second quarter of fiscal year 2022, which represents 14 percent year-over-year growth or 15 percent in constant currency. Diluted earnings per share was $2.49 on a GAAP basis. *GAAP operating income in the second quarter was $1.53 billion. GAAP net income was $1.18 billion. *Cash flows from operations were $2.04 billion. *Remaining Performance Obligations (“RPO”) exiting the quarter were $13.82 billion. *Adobe repurchased approximately 1.9 million shares during the quarter.

First quarter-to-date service performance scores covering the period Oct. 1 through Dec. 10 included: *First-Class Mail: 90.6 percent of First-Class Mail delivered on time against the USPS service standard, an improvement of 2.1 percentage points from the fourth quarter. *Marketing Mail: 92.1 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fourth quarter. *Periodicals: 82.0 percent of Periodicals delivered on time against the USPS service standard, a slight decrease of .74 percent compared to performance from the fourth quarter. Overall, average days to deliver a mailpiece across the network was 2.7 days.

Torstar Corporation announced that the Ontario Superior Court of Justice (Commercial List) has approved its previously announced plan of arrangement involving NordStar Capital LP ( “NordStar”), pursuant to which NordStar will, among other things, acquire all of the issued and outstanding Class A shares and Class B non-voting shares of Torstar (the “Shares”) at a price of $0.74 per Share (the “Arrangement”). The Arrangement is expected to be completed on or about July 30, 2020 and remains subject to the satisfaction or waiver of certain customary closing conditions.