UPS announced second-quarter 2023 consolidated revenues of $22.1 billion, a 10.9% decrease from the second quarter of 2022. Consolidated operating profit was $2.8 billion, down 21.4% compared to the second quarter of 2022, and down 18.4% on an adjusted basis. Diluted earnings per share were $2.42 for the quarter; adjusted diluted earnings per share of $2.54 were 22.8% below the same period in 2022. For the second quarter of 2023, GAAP results included after-tax transformation and other charges of $106 million, or $0.12 per diluted share.
U.S. nonstore sales grew at a slightly slower clip in March than they did in February, new monthly data from the U.S. Commerce Department shows.
What the agency calls “nonstore sales” reached $55.475 billion in March on a seasonally adjusted basis, a 9.7% increase compared with $50.573 billion in the same month of 2017. That’s a slightly lower increase than in February, when nonstores sale grew 10.2%
Nonstore sales mainly take place online but also include other channels, such as mail and telephone orders, door-to-door sales and sales through vending machines.
Internet Retailer uses the monthly nonstore figures disclosed by the Commerce Department as an early indicator of the health of the e-commerce market. The Commerce Department only reports e-commerce sales on a quarterly basis. The agency will release its first-quarter results on May 17.
more at: https://www.digitalcommerce360.com/2018/04/16/online-sales-grow-an-estimated-16-2-in-march/