Costco Wholesale Corporation Reports August Sales Results

2020 saw dramatic changes to the way society lives. How people work and socialise might have changed forever. Consumption habits have also changed, which has had major impacts on the packaging industry. In a year when some industries struggled, the packaging industry reported increased volumes and revenue, in part, due to a surge in online shopping. But consumers are conscious of their impact on the environment and are demanding more sustainable packaging choices to be used. A recent survey shows that UK consumers believe paper-based packaging to be better for the environment and is the preferred packaging choice for many. The study, commissioned by not-for-profit organisation Two Sides and conducted by independent research company Toluna, aims to understand changing consumer perceptions towards print, paper and paper-based packaging. See more at: https://www.twosides.info/UK/packaging-preferences-unpacked/?utm_medium=email&utm_campaign=TSUK%20Packaging%20Preferences%20Unpacked&utm_content=TSUK%20Packaging%20Preferences%20Unpacked+CID_683d50ad23c868cdb1a689f14452563c&utm_source=Email%20marketing%20software&utm_term=Read%20More

Fiscal 2022 Full Year and Fourth Quarter Key Financial: *Fiscal 2022 full year revenues and net income were records at $10.39 billion and $760 million, respectively. Revenues grew 11% compared to $9.36 billion in the prior year and net income increased 95% compared to $389 million in the prior year *Full year Total Segment EBITDA was $1.67 billion, also a record and a 31% increase compared to $1.27 billion in the prior year. Reported EPS were $1.05 for the full year compared to $0.56 in the prior year *Fourth quarter revenues were $2.67 billion, a 7% increase compared to $2.49 billion in the prior year, while net income was $127 million, a substantial improvement from a net loss of $(15) million in the prior year *Fourth quarter Total Segment EBITDA was $315 million, a 50% increase compared to $210 million in the prior year. Reported EPS were $0.19 for the fourth quarter compared to $(0.02) in the prior year – Adjusted EPS were $0.37 compared to $0.16 in the prior year *Digital Real Estate Services revenues for the fiscal year grew 25% despite facing tough prior year comparisons, with 37% and 11% revenue growth at REA Group and Move, respectively *Book Publishing revenues grew 10% in the fiscal year, driven by the acquisition of the HMH Books and Media segment and continued strong consumer spending, which remains above pre-pandemic levels

Between Nov. 26 and Dec. 30, the Postal Service accepted 11.7 billion mailpieces and packages into the network with an average delivery time of just 2.5 days.* The Postal Service also released FY23 second quarter service performance scores covering Jan. 1 through Jan. 6. Data for the reporting period shows the average time to deliver a mailpiece or package across the postal network was just 2.6 days. Quarterly data included: *First-Class Mail: 89.4% of First-Class Mail delivered on time against the USPS service standard, a decrease of 1.6 percentage points from the fiscal first quarter. *Marketing Mail: 93.6% of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter. *Periodicals: 84.5% of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal first quarter.