Costco Wholesale Corporation (“Costco” or the “Company”) (Nasdaq: COST) today reported net sales of $22.75 billion for the retail month of September, the five weeks ended October 1, 2023, an increase of 6.0 percent from $21.46 billion last year. The five-week period this year included the last week of the 53-week fiscal year 2023 ended September 3, 2023.
details at: https://investor.costco.com/news/news-details/2023/Costco-Wholesale-Corporation-Reports-September-Sales-Results/default.aspx
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*Comparable sales up 28.3% on an owned basis and up 27.8% on an owned-plus-licensed basis versus Q4 2020; up 6.6% and up 6.1%, respectively, versus Q4 2019 *Digital sales up 12% over Q4 2020, up 36% over Q4 2019 *7.2 million new customers shopped the Macy's brand, an 11% increase over Q4 2019 *Generated $2.7 billion in Operating Cash Flow and $2.3 billion in Free Cash Flow in FY 2021 *New $2 billion share repurchase program authorized after completing current $500 million program and raised quarterly dividend by 5%
A decision obliging more than 9,000 Canadian rail workers to stay on the job is a win for the railways and could impact bargaining in other federally regulated sectors like aviation, the head of a Canadian rail workers' union told Reuters. Paul Boucher, president of the Teamsters Canada Rail Conference, also said the union would work with other labour groups as it mounts a legal challenge to a Saturday decision that halted work stoppages at the country's two largest railways and imposed arbitration. While the Teamsters will obey the order to return to work, the union has warned it could lead to the imposition of future contracts, eroding workers' bargaining power. The decision comes as Air Canada pilots (AC.TO), opens new tab press for a new contract and can commence job action as early as mid-September if there is no agreement with the country's largest carrier.
Hearst today announced that it has acquired The Telegraph and Journal-Courier from Civitas Media, LLC (“Civitas”). The acquisition strengthens Hearst Newspapers’ commitment to covering news in Illinois communities, adding to the reporting done by the Edwardsville Intelligencer. The announcement was made by Hearst President and CEO Steven R. Swartz and Hearst Newspapers President Mark Aldam. Financial terms were not disclosed. Civitas, headquartered in Davidson, North Carolina, is a portfolio company of Philadelphia-based private equity investment firm Versa Capital Management, LLC (“Versa”). Click Read More below for additional detail.