REI Co-op is opening a new store in Appleton, Wisconsin in spring 2020, bringing people a wide assortment of quality gear, experiences and expertise for the region’s most popular outdoor activities. The new 20,000-square-foot store will be located at the Center Valley shopping center at the northwest corner of Wisconsin Avenue and Interstate 41. With nearly 300,000 lifetime REI members in state, REI Appleton will join existing stores in Brookfield (71 miles) and Madison (86 miles). “Appleton is an incredible outdoor community, with so many opportunities to paddle, cycle and camp,” said Michelle Yancy, REI retail director for the Midwest. “We are excited to further connect our local members to these areas. Whether through a new piece of gear, a rental or an outdoor program, we offer something for everyone looking to get outside.” Click Read More below for additional information.
*Consolidated Revenue Increased 15.9%; Growth Across All Segments
*Diluted EPS of $2.24, Up 11.4%; Adjusted* Diluted EPS Up 10.1% to $2.28
*YTD Cash from Operations of $9.3B; Adjusted Free Cash Flow of $5.9B
UPS (NYSE:UPS) today announced third-quarter 2020 consolidated revenue of $21.2 billion, a 15.9% increase over the third quarter of 2019. Consolidated average daily volume increased 13.5% year over year. Net income was $2.0 billion for the quarter, 11.8% above the same period in 2019, or 10.7% on an adjusted basis. Operating profit was $2.4 billion, up 11.0% compared to last year’s third quarter, or 9.9% on an adjusted basis.
Diluted earnings per share was $2.24 and adjusted diluted earnings per share was $2.28, up 10.1% from the same period last year. GAAP results include a pre-tax transformation charge of $44 million, equivalent to $0.04 per share. In the prior year period, GAAP results included a pre-tax charge for transformation costs of $63 million, equivalent to $0.06 per diluted share.
“Our performance highlights the agility of our global integrated network amid the ongoing challenges of the pandemic. Our results were fueled by continued strong outbound demand from Asia and growth from small and medium-sized businesses,” said Carol Tomé, UPS chief executive officer. “UPSers are everyday heroes who are keeping the world’s supply chains moving. I want to thank our team for their ongoing commitment to our customers and the communities we serve.”
details at: https://www.pressroom.ups.com/pressroom/ContentDetailsViewer.page?ConceptType=PressReleases&id=1603820012285-404