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 international media, services and education company increased its revenues by 1.3 percent year-on-year to €12.1 billion (previous year: €12.0 billion). Bertelsmann's strategic growth businesses were particularly instrumental in this development: RTL Group's digital activities continued their dynamic growth, increasing by around 30 percent to €560 million. The music company BMG grew by 29 percent; the Bertelsmann Education Group recorded growth of 38 percent. Overall, the share of total revenues contributed by the high-growth businesses increased to 32 percent (previous year: 29 percent). Group profit increased to €694 million at September 30, surpassing the previous year's figure by 6.4 percent (previous year: €652 million). The result before sale of investments was therefore at a record level. With capital gains of €69 million, the Bertelsmann Asia Investments (BAI) fund once again made a high contribution to earnings. Click Read More below for additional information.
Environmental media organization Grist announced today that it has acquired the digital archives and brand assets of online social and environmental-social justice magazine Pacific Standard. Through the agreement, Pacific Standard’s content, which includes written stories in addition to audio and video, will be available for free via its original URL, psmag.com, which Grist now owns. Pacific Standard, which features a combination of deeply reported journalism and peer-reviewed research, was forced to shutter in August of last year after one of its major financial backers pulled funding. The magazine was founded by Sara Miller McCune in 2008 and was first called Miller-McCune.
The Association of American Publishers released its StatShot report for September 2020 reflecting reported revenue for all tracked categories, including Trade (Consumer Books), K-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses. Total revenues across all categories for September 2020 were up 14.6% as compared to September 2019, coming in at $1.8 billion. Year-to-date sales were down 1.8% as compared to the first nine months of 2019, with a total of $11.2 billion.