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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Results for the Third Quarter Ended October 28, 2017: •Comparable store sales decreased 6.6% as compared with the prior year period. •Selling, general and administrative ("SG&A") expense decreased $11.2 million, or 5.2%, as compared with the third quarter of fiscal 2016. •Net loss in the current year third quarter was $44.9 million, or $2.19 per share, compared with net loss of $31.6 million, or $1.58 per share, in the third quarter of fiscal 2016. Click Read More below for additional information.
The Postal Regulatory Commission submitted its Fiscal Year (FY) 2025 Budget Justification to the Postal Service Board of Governors. Members of the Commission unanimously approved the budget. This marks the third budget request for the Commission under the Postal Service Reform Act- Title 39, United States Code, Section 205. The Commission’s request of $25,400,000 of annual funding for FY2025 supports a total Commission requirement of $28,644,000 and is in line with its role as the primary regulator providing critical oversight, transparency, and expert reporting and analyses on the Postal Service. The remaining $3.264 million would come from a Commission reserve fund and the Technology Modernization Fund. The Commission recently added a new office of Budget and Finance that will serve as a strategic partner for the Commission to plan, execute, and manage fiscal resources necessary for the successful execution of its mission as well as compliance with applicable laws and regulations.
Gold Mountain California News Media has acquired several local newspapers from Brehm Communications. They include the Hi-Desert Star, Desert Trail, Desert Mobile Home News, Big Bear Grizzly and Lake Arrowhead Mountain-News, according to Hi-Desert Star. The Yucca Valley printing facility is also included. News Media is also purchasing six BCI newspapers published in the Sacramento area: the Auburn Journal, Folsom Telegraph, Roseville Press-Tribune, Placer Herald, The Loomis News and Lincoln News Messenger.