Maine Newspaper Publisher Buys Building To House The Titles (mediapost.com)

Bauer Magazine Media publishes some of the world’s best-known and most loved magazines delivering entertaining, engaging and inspirational content for readers and significant reach for advertisers. Bauer Media is the UK’s leading consumer magazine publisher by total copies sold and Retail Sales Value. HIGHLIGHTS THIS PERIOD: •Bauer Media is No.1 in the TV Listings market •TV Choice celebrates ten years at the top - the only magazine in the UK to sell over 1 million copies every week •Bauer Media is home to two of the fastest growing magazines in the UK; Practical Photography and Garden Answers •Bauer Media is the UK’s No.1 publisher in the True Life market •Take a Break leads the market and is the UK’s No1 women’s weekly •Garden News is the UK’s No.1 weekly gardening title •Garden Answers has recorded its eighth consecutive YOY increase. Click Read More below for more of the story.

For the First Quarter of Fiscal 2023 *Net sales increased 12.3% to $2.6 billion compared to $2.3 billion in the first quarter of fiscal 2022 due to increased comparable sales, strong new store performance, and growth in other revenue compared to the first quarter of fiscal 2022. *Gross profit increased 12.1% to $1.1 billion compared to $941.0 million in the first quarter of fiscal 2022. As a percentage of net sales, gross profit decreased to 40.0% compared to 40.1% in the first quarter of fiscal 2022, primarily due to higher inventory shrink, lower merchandise margins, higher supply chain costs, and deleverage of salon expenses, partially offset by strong growth in other revenue and leverage of store fixed costs. *Operating income increased 1.0% to $442.1 million, or 16.8% of net sales, compared to $437.7 million, or 18.7% of net sales, in the first quarter of fiscal 2022. *Net income increased 4.7% to $347.1 million compared to $331.4 million in the first quarter of fiscal 2022.

• Net sales increased 17.4% to $1,543.7 million compared to $1,314.9 million in the first quarter of fiscal 2017; • Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 8.1% compared to an increase of 14.3% in the first quarter of fiscal 2017. The 8.1% comparable sales increase was driven by 5.1% transaction growth and 3.0% growth in average ticket; • Retail comparable sales increased 4.7%, including salon comparable sales growth of 3.2%; • Net income increased 28.2% to $164.4 million compared to $128.2 million in the first quarter of fiscal 2017. Click Read More below for additional information.