Costco Wholesale Corporation today announced its operating results for the third quarter (twelve weeks). Net sales for the quarter increased 8.0 percent, to $61.96 billion, from $57.39 billion last year. Net sales for the first 36 weeks increased 8.2 percent, to $185.48 billion, from $171.44 billion last year.
Costco Wholesale Corporation – Costco Wholesale Corporation Reports Third Quarter and Year-To-Date Operating Results for Fiscal 2025
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The Minnesota Daily, a campus publication dating back 120 years, has apparently given up its print edition for good. The newspaper cut off print in 2020—supposedly on a temporary basis. “To the University community, It is with a heavy heart that we are announcing that the print edition of the Minnesota Daily has been canceled for the summer,” wrote then editor Cleo Krejci in an editorial. But now it is apparent that the daily has never been restored, and that it won’t be in the future.
Kohl’s Corporation mailed definitive proxy materials previously filed with the Securities and Exchange Commission in connection with the Company’s Annual Meeting of Shareholders, which is scheduled to be held on May 11, 2022. Kohl’s shareholders of record as of the close of business on March 7, 2022 will be entitled to vote at the Annual Meeting. In conjunction with the definitive proxy mailing, Kohl’s is providing the following letter from the Company’s Board of Directors to shareholders: PROTECT THE VALUE OF YOUR INVESTMENT IN KOHL’S – VOTE THE BLUE PROXY CARD TODAY FOR ALL OF KOHL’S HIGHLY QUALIFIED DIRECTOR NOMINEES
First Quarter Fiscal 2022 - Financial Results: *Net sales of $3.5 billion, down 13% compared to last year. *Net sales growth in the first quarter fiscal 2022 was negatively impacted by an estimated 5 percentage points related to lapping the benefit of stimulus last year and approximately 3 percentage points from divestitures, store closures, and the transition of the company’s European business to a partnership model. *Comparable sales were down 14% year-over-year. *Store sales declined 10% compared to last year. The company ended the quarter with 3,414 store locations in over 40 countries, of which 2,825 were company operated. *Gross margin was 31.5%, 930 basis points lower than last year. *Operating loss was $197 million in the quarter; operating margin of negative 5.7%. *Net loss of $162 million