Walmart Releases Q3 FY21 Earnings

The U. S. Postal Service filed notice with the Postal Regulatory Commission of mailing services price changes to take effect July 14, 2024. The new rates include a 5-cent increase in the price of a First-Class Mail Forever stamp from 68 cents to 73 cents. The proposed adjustments, approved by the governors of the Postal Service, would raise mailing services product prices approximately 7.8 percent. If favorably reviewed by the commission, the price changes would include: U.S. Postal Service Recommends New Prices for July 2024: Product - Current Price - Planned Price: *Letters (1 oz.) - 68 cents - 73 cents; *Letters (metered 1 oz.) - 64 cents - 69 cents *Domestic Postcards - 53 cents - 56 cents; *International Postcards - $1.55 - $1.65; *International Letter (1 oz.) - $1.55 - $1.65.

Costco Wholesale Corporation announced its operating results for the first quarter (twelve weeks) of fiscal 2021, ended November 22, 2020. Net sales for the first quarter increased 16.9 percent, to $42.35 billion from $36.24 billion last year. Net income for the quarter was $1,166 million, or $2.62 per diluted share, compared to $844 million, or $1.90 per diluted share, last year. This year’s first quarter included tax benefits of $145 million or $0.33 per diluted share, $0.16 of which was due to the deductibility of the $10 per share special cash dividend, to the extent received by the Company’s 401(k) plan participants; and $0.17 cents related to stock-based compensation. Last year’s first quarter included a $77 million or $0.17 per diluted share tax benefit related to stock-based compensation. This year’s results reflect an expense for COVID-19 premium wages of $212 million pre-tax or $0.35 per diluted share.

The United States Postal Service reported new delivery performance metrics for the fiscal second quarter dating through the month of March. Through the second quarter, the average time for delivery of a mailpiece across the postal network was 2.7 days. First-Class Mail performance showed steady improvements over the past five consecutive weeks, reaching 93.9 percent for the week ending April 1. The latest performance scores for Marketing Mail reflect the two best consecutive quarters since measurement began in FY 2011. Second quarter service performance scores covering Jan.1 through April 1 included: *First-Class Mail: 87.9 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 1.3 percentage points from the fiscal first quarter. *Marketing Mail: 92.6 percent of Marketing Mail deliver ed on time against the USPS service standard, consistent with performance from the fiscal first quarter.*Periodicals: 81.9 percent of Periodicals delivered on time against the USPS service standard, an improvement of 1 percentage point performance from the fiscal first quarter.