Strong UPS Execution Drives Positive 3Q Results

◦UPS Revenue Rises 7% on Balanced Shipment Growth and Yield Expansion
◦International Operating Profit Climbs 8.9%; Currency-Neutral Profit* up 20%
◦Daily Export Volume up 19% for 3rd Straight Quarter of Double-Digit Growth
◦U.S. Domestic Revenue up 3.9% on Higher Package Demand and Yields
◦U.S. Operating Profit of $1.2B, Including $50M of Negative Hurricane Impact
◦Supply Chain & Freight Boosts Revenue more than 13%; Profits up 9.7%
◦Company Lifts Bottom of Guidance Range; Expects Full-Year 2017 Adjusted Earnings Per Share of $5.85 to $6.10

UPS (NYSE:UPS) today announced earnings per share of $1.45 for the third quarter.  All three major business units executed well during the quarter.  The company converted accelerating global demand for UPS solutions into solid financial results, despite one less operating day in 3Q 2017.

“UPS produced another solid quarter of financial performance, despite the impact of several natural disasters that slowed regional economic activity and damaged infrastructure,” said David Abney, UPS chairman and CEO.  “Our business segments adapted quickly to changing conditions this quarter, taking advantage of market opportunities while minimizing cost and service disruptions from recent events.”

For the total company in 3Q 2017:
◦Revenue increased 7.0%, and currency-neutral revenue* was up 7.1%.
◦Revenue increased in all segments and major product categories, as expanded customer demand spread across the company’s broad product portfolio.
◦Operating profit was $2.0 billion, driven by strong performance in the International and Supply Chain and Freight segments.
◦Year-to-date capital expenditures were $3.7 billion, supporting our investment strategies.
◦This year UPS has paid dividends of nearly $2.1 billion, an increase of 6.4% per share over the prior year, rewarding shareowners with continued strong dividend yield.
◦So far this year the company has repurchased 12.3 million shares for approximately $1.4 billion, reaffirming its commitment to return cash to shareowners.
more detail at:  https://www.pressroom.ups.com/pressroom/ContentDetailsViewer.page?ConceptType=PressReleases&id=1508958265835-425

Related Posts

Wildfires Taking Toll on Booksellers, Publishers (publishersweekly.com)

Scores of wildfires continue to blaze across the western United States, taking a toll on booksellers and publishing professionals across California, Washington State, and Oregon. The situation was acute in Oregon, where recent fires had burned through a million acres and the state put an estimated 500,000 people on evacuation notice last week. A spokesperson for Ashland, Ore,-based Blackstone Publishing said eight employees lost their homes to the fires that have been ignited in the area. The company created a GoFundMe campaign to support these employees, and as of Sunday evening had raised more than $85,000 in donations toward its $100,000 goal. The publisher will match donations to the fund.

Ulta Beauty Announces Fourth Quarter Fiscal 2021 Results

For the Fourth Quarter of Fiscal 2021: *Net sales increased 24.1% to $2.7 billion compared to $2.2 billion in the fourth quarter of fiscal 2020 due to the favorable impact from stronger consumer confidence and fewer COVID-19 restrictions compared to the fourth quarter of fiscal 2020. *Comparable sales (sales for stores open at least 14 months, including stores temporarily closed due to COVID-19, and e-commerce sales) increased 21.4% compared to a decrease of 4.8% in the fourth quarter of fiscal 2020, driven by a 10.4% increase in transactions and a 9.9% increase in average ticket. Compared to the fourth quarter of fiscal 2019, comparable sales increased 15.4%. *Gross profit increased to $1.0 billion compared to $771.0 million in the fourth quarter of fiscal 2020. As a percentage of net sales, gross profit increased to 37.6% compared to 35.1% in the fourth quarter of fiscal 2020, primarily due to leverage of fixed costs, favorable channel mix shifts, and improvement in merchandise margins. *Net income increased to $289.4 million compared to $171.5 million in the fourth quarter of fiscal 2020. Adjusted net income for the fourth quarter of fiscal 2020 was $193.4 million.

URBN Reports Record Holiday Sales

Total Company net sales for the two months ended December 31, 2022 increased 2.3% compared to the two months ended December 31, 2021. Total Retail segment net sales increased 1%, with comparable Retail segment net sales increasing 2%, partially offset by a 1% negative impact of foreign currency translation. The increase in Retail segment comparable net sales was driven by low single-digit positive growth in digital channel sales and low single-digit positive growth in retail store sales. By brand, comparable Retail segment net sales increased 15% at the Free People Group and 7% at the Anthropologie Group and decreased 10% at Urban Outfitters. Wholesale segment net sales decreased 22% driven by a decrease in Free People wholesale sales primarily due to a decrease in sales to department stores. Nuuly segment sales increased 150% due to a 153% increase in our subscribers during the two months ended December 31, 2022, as compared to the prior year period. For the eleven months ended December 31, 2022, total Company net sales increased 5.1% compared to the eleven months ended December 31, 2021. Comparable Retail segment net sales increased 4%, driven by high single-digit positive growth in retail store sales due to increased store traffic and low single-digit positive growth in digital channel sales. Wholesale segment net sales decreased 3%, primarily driven by a decrease in Free People Group wholesale sales primarily due to a decrease in sales to department stores, partially offset by an increase in sales to specialty accounts. Nuuly segment sales increased 176% due to a 187% increase in our subscribers during the eleven months ended December 31, 2022, as compared to the prior year period.
Back To Top
×Close search
Search