Fall Mailing Season Underway As USPS Looks To Holiday Peak Season

American Media, Inc. announced that it was further building on its recent investment in Men’s Journal by increasing the brand’s print circulation to 1.25 million, a 66% increase as current readers of Men’s Journal and Men’s Fitness will be receiving Men’s Journal beginning with the November issue. The integration is part of a broader strategic investment in Men’s Journal that also includes a frequency increase to 12 issues per year and enhancements in both the print and digital products. The brands will continue to maintain separate digital destinations at mensjournal.com and mensfitness.com. “It’s clear, as evidenced by numerous third party research studies, that today’s affluent men are looking for, and eager to invest in, curated experiences and adventures,” said Men’s Journal Chief Revenue Officer Jay Gallagher. “AMI believes that Men’s Journal is well-positioned to meet these consumer demands by extending our national footprint and deepening our authority in this space with the addition of even more world-class editorial and the significant improvements in paper quality and trim size, so that we can continue to build on our position as the only destination for adventurous men.” Click Read More below for more of the story.

In FY 2021, the Postal Service had a net loss from operations of $2.7 billion, a $0.9 billion improvement from FY 2020. The decrease in net operating losses for FY 2021 was primarily due to $4.0 billion more revenue than in FY 2020. When non-operating expenses are included, the Postal Service had a total net loss of $4.9 billion in FY 2021—an improvement of $4.2 billion compared to FY 2020. While the Postal Service realized an overall improvement in total net losses in FY 2021, continued losses have expanded the gap between the Postal Service’s assets and liabilities. Total assets at the end of FY 2021 were $46.4 billion versus total liabilities of $122.1 billion. A significant portion of the Postal Service’s liabilities was driven by unpaid retiree health benefit (RHB) liabilities totaling $57.0 billion at the end of FY 2021. The recent enactment of the Postal Service Reform Act removes this $57.0 billion liability of past due RHB obligations and eliminates annual payments for the RHB normal costs and the Retiree Health Benefits Fund amortization. Market Dominant revenue decreased in FY 2021 by $97 million or 0.2 percent from FY 2020. Increases in revenue per piece for overall Market Dominant products were not enough to offset declines in volume and fluctuation in mail mix and signal the severity of the effects of the pandemic during that time. In FY 2021, Market Dominant volume declined while package volumes rose as a result of continued growth in e-commerce that included record holiday volume. These changes in volume affected overall revenues and cost in addition to workforce and workhour changes in response to pandemic-related labor costs.

Fourth Quarter Fiscal Year 2022 Financial Highlights *Adobe achieved revenue of $4.53 billion in its fourth quarter of fiscal year 2022, which represents 10 percent year-over-year growth or 14 percent in constant currency. Diluted earnings per share was $2.53 on a GAAP basis and $3.60 on a non-GAAP basis. *GAAP operating income in the fourth quarter was $1.51 billion and non-GAAP operating income was $2.02 billion. GAAP net income was $1.18 billion and non-GAAP net income was $1.68 billion. *Record cash flows from operations were $2.33 billion. *Remaining Performance Obligations (“RPO”) exiting the quarter were $15.19 billion. *Adobe repurchased approximately 5.0 million shares during the quarter.