Looks like the long, good read continues. Dennis Publishing just announced subscription rates across all titles have increased by 9% overall during the lockdown and ongoing pandemic. “Since the beginning of lockdown the number of people subscribing to all Dennis titles has increased by 9%,” notes this article on the publisher’s website. “To ensure an uninterrupted service of their favourite magazines, all titles have offered free digital access to subscribers throughout the pandemic, which has been met with glowing reviews by readers. The team didn’t rest on their laurels though, instead implementing engagement campaigns to get new subscribers to the titles, with huge success.” The company decided early on to unlock free digital access to all subscribers, to ensure the mail delays wouldn’t cause readers to lose interest. At the same, they implemented new engagement campaigns to reach new subscribers … with great success.
Total revenue was $138.3 billion, an increase of $3.7 billion, or 2.7%. Revenue was negatively affected by approximately $4.2 billion related to recent divestitures in Walmart International. Excluding currency2, total revenue would have increased 2.1% to reach $137.4 billion.
Walmart U.S. comp sales1 increased 6.0% with market share gains in grocery. Operating income increased 26.8%.
Walmart U.S. eCommerce sales grew 37% with strong results across all channels, contributing approximately 360 basis points to comp sales. Sales more than doubled over the last two years.
Sam’s Club comp sales1 increased 7.2%, and eCommerce sales grew 47%. Reduced tobacco sales negatively affected comp sales by approximately 340 basis points. Membership income increased 12.7%, and total member count reached an all-time high.
Consolidated operating income was $6.9 billion, an increase of 32.3%, with strength across the company. Recently divested businesses in the U.K. and Japan contributed operating income of $289 million, or $0.07 of EPS.
details at: https://corporate.walmart.com/media-library/document/q1-fy22-earnings-release/_proxyDocument?id=00000179-7c07-d966-af7b-7c6f75110000