Costco ecommerce sales grow more than 10% for sixth straight quarter in Q3

FY23 fourth quarter service performance scores covering July 1 through September 1, included: *First-Class Mail: 91.5 percent of First-Class Mail delivered on time against the USPS service standard, a decrease of 1.1 percentage points from the fiscal third quarter. *Marketing Mail: 95.4 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 86.3 percent of Periodicals delivered on time against the USPS service standard, a decrease of 2.6 percentage points from the fiscal third quarter.

The University Press of New England’s Board of Governors has voted to close the press at the end of 2018. The Lebanon, N.H.-based press has 25 employees and distributes books for Dartmouth and Brandeis University. In a statement, Dartmouth president Phil Hanlon said, “The press has become unsustainable to operate with only two member-institutions.” Founded in 1970 as the University Press of Northern New England, the consortium was originally led by longtime publisher and Dartmouth alum Victor Reynolds. Under Reynolds, it grew to include members from all six New England states and was renamed the University Press of New England (UPNE). Click Read More below for additional information.

Fourth Quarter 2022 Financial Highlights *Delivered sales of $3.8 billion, up 13.2%, or 17.2% on a daily, constant currency basis *Achieved reported operating margin of 14.3%, up 190 basis points, or 13.8% on an adjusted basis, up 135 basis points. Full Year 2022 Financial Highlights *Grew sales to $15.2 billion, up 16.9%, or 19.3% on a daily, constant currency basis *Realized reported operating margin of 14.5%, up 265 basis points, or 14.4% on an adjusted basis, up 255 basis points *Produced $1.3 billion in operating cash flow and returned $949 million to Grainger shareholders through dividends and share repurchases