Bauer Media Underlines Commitment To Sustainability With Love Paper Partnership

A summary of results for the third quarter ended October 29, 2022 as compared to the third quarter ended October 30, 2021: *Net sales of $880 million, down 3% as compared to last year on a reported basis and approximately flat on a constant currency basis. *Gross profit rate of 59.2%, down approximately 450 basis points as compared to last year. The year-over-year decrease was primarily driven by 370 basis points of higher freight and raw material costs and 60 basis points from the adverse impact of exchange rates. *Operating expense, excluding other operating income, net, approximately flat compared to last year, with decreases in marketing and incentive-based compensation, offset by higher inflation and digital fulfillment expenses. Operating expense as a percentage of sales increased to 57.2% from 55.8% last year. *Operating income of $18 million and $21 million on a reported and adjusted non-GAAP basis, respectively, as compared to operating income of $73 million and $79 million last year, on a reported and adjusted non-GAAP basis, respectively.

Are you interested in sending children and families some holiday magic this season? You can now adopt a letter written to Santa by going to USPSOperationSanta.com. In response to customer requests, this is the first time the U.S. Postal Service has opened the program before Black Friday. USPS Operation Santa turns 111 years old this year. The program relies solely on random acts of kindness and the generosity of strangers. It allows people to help children and families have a magical holiday when they otherwise might not — safely and securely. USPS Operation Santa is not a guaranteed gift-giving program. Since Sept. 18, the Postal Service has received letters from across the country and has been delivering them to Santa’s U.S. workshop at 123 Elf Road, North Pole 88888. Letters sent with First-Class Mail postage and complete, accurate and legible return addresses have been opened, reviewed and posted on USPSOperationSanta.com. People can begin reading and adopting letters today.

Do you wait to see which co-workers, family members or friends send you holiday greeting cards before sending your own? Do you feel guilty about sending cards after-the-fact or worse — late? Well, stop feeling guilty. Your procrastinating ends this holiday season. Thanks to the latest innovative feature now offered by the U.S. Postal Service, you can preview those greeting cards from co-workers, family members and friends before they are delivered to your mailbox. Be among the first in your neighborhood to mail out cards this holiday season — not the last. “Informed Delivery is the perfect solution for mailing greeting cards this holiday season ahead of time,” said Product Innovation Vice President Gary Reblin. “See what’s coming soon to your mailbox before it’s actually delivered and manage your packages, too. Conveniently posted on your mobile phone, tablet or computer.” Click Read More below for additional information.