Costco Wholesale Corporation Reports September Sales Results

Revenues totaled $17.1 million in the first quarter of 2015, compared to $33.3 million in the first quarter of 2014 reflecting a full quarter of print and digital media operations with Meredith. Total operating loss for the first quarter of 2015 was $(2.4) million compared to a loss of $(2.2) million in the prior-year period. Basic and diluted net loss per share was $(0.05) for the first quarter of both 2015 and 2014. Included in the first quarter 2014 was a $2 million non-cash charge to depreciation and amortization related to consolidating space in the Company's headquarters.

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The latest figures from MagNet indicate that the decline of the newsstand may finally be approaching a long-awaited plateau. North American publishers sold 101.6 million magazines on newsstands in the first quarter of 2016, which yielded a 5.1 percent drop-off in overall revenue compared to the same period last year, according to MagNet's quarterly sales report, released today. That 5.1 percent dip in revenue is a marked improvement from the 7.6 percent year-over-year decline observed in the fourth quarter of 2015, and MagNet notes that the cumulative two-quarter decline of 6.3 percent is noticeably rosier than the double-digit downturns observed over the past two years. The number of actual units sold fell 9.7 percent year-over-year, but a higher average cover price ($5.60, up from $5.32 a year ago) helped soften the revenue blow.