Walmart Releases Q3 FY22 Earnings

Costco Wholesale Corporation announced its operating results for the third quarter (twelve weeks) and the thirty-six weeks ended May 13, 2018. Net sales for the quarter increased 12.1 percent, to $31.62 billion, from $28.22 billion last year. Net sales for the first thirty-six weeks of fiscal 2018 increased 12.0 percent, to $95.02 billion, from $84.82 billion last year. Net income for the quarter was $750 million, or $1.70 per diluted share, compared to $700 million, or $1.59 per diluted share, last year. Click Read More below for additional information.

The McClatchy Company announced that the U.S. Bankruptcy Court for the Southern District of New York has approved the sale of substantially all of McClatchy's assets, including all 30 of McClatchy's news organizations, to Chatham Asset Management LLC. Chatham emerged as the successful bidder during an auction held on July 10, 2020. As previously disclosed, Chatham will acquire substantially all of McClatchy's assets for approximately $263 million in a credit bid of McClatchy's first-lien debt, plus new money consideration of approximately $49 million in cash. The transaction is subject to customary closing conditions and regulatory approvals. McClatchy expects to complete the transaction in September.

The New York Times Company (NYSE:NYT) announced today fourth-quarter 2017 diluted loss per share from continuing operations of $.35 compared with $.24 earnings per share in the same period of…