ESI also estimated how much of each dollar spent at the average small business remains in their local community, and used input-output analysis across 100 representative U.S. counties to calculate the additional impact that is generated locally as the result of the spending of employees and the spending of the small business with local suppliers and service providers. Click here to see the top 18 money winners of all time. (3) Adjusted EBITDA is a non-GAAP financial measure, which is defined as net income before depreciation, amortization, interest expenses and income tax expenses, and further adjusted to exclude the shared-based compensation expense and non-recurring items such as the gain on disposal of equity investment and subsidiary which management aims to better represent the underlying business operations. Relative to the entire industry performance, the Company is confident to achieve at least 1.5 percentage point increase in its market share for the entire year. 1 Diluted earnings per common share (EPS) was reduced by the impact of (i) earnings allocated to participating share awards and other items of $12 million and $11 million for the three months ended December 31, 2022 and 2021, respectively, and $57 million and $56 million for the years ended December 31, 2022 and 2021, respectively, (ii) dividends on preferred shares of $14 million and $22 million for the three months ended December 31, 2022 and 2021, respectively, and $57 million and $71 million for the years ended December 31, 2022 and 2021, respectively, and (iii) equity-related adjustments of $7 million and $16 million related to the redemption of preferred shares for the three months and year ended December 31, 2021, respectively. Phone: +86 21 5980 4508, View original content:https://www.prnewswire.com/news-releases/zto-reports-fourth-quarter-2022-and-full-year-2022-unaudited-financial-results-301773146.html, Get the latest news and updates from Stockhouse on social media, Stockhouse.com uses cookies on this site. SportsLine's proprietary model, built by DFS pro Mike McClure, has been red-hot since the PGA Tour resumed in June of 2020. WebPresident of American Express Travel 74 % of respondents are willing to book a trip for 2022 even if they might have to cancel or modify it later 1 72 % of respondents plan to spend more money on domestic travel and 64% plan to spend more money on international travel than they have in the previous year 1 62 % Shop Small celebrates small businesses ranging from retail stores and restaurants to fitness studios and salons, and everything in between. Pete Dye Stadium Course (SC) Jan 20 - 23, 2022. Revenue increased $240 million, or 84%, versus the same period in 2021. The unit transportation cost decreased 2.5% driven by continued transportation cost efficiency gain derived mainly from higher mix of high-capacity trailer trucks of our fleet and better route planning despite fuel cost increase. The increase was primarily driven by increased Card Member spending. This release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. EBITDA, adjusted EBITDA, adjusted net income, adjusted net income attributable to ordinary shareholders and adjusted basic and diluted earnings per American depositary share presented here may not be comparable to similarly titled measures presented by other companies. Learn more at and connect with us on ShopSmall.com, instagram.com/ShopSmall, facebook.com/SmallBusinessSaturday, Shop Small is a year-round movement that supports small, independent businesses and calls attention to the valuable and distinct contributions they make to their communities and the economy. Other operating income mainly consisted of (i) RMB100.3 million (US$14.5 million) VAT super deduction, (ii) RMB59.9 million (US$8.7 million) ADR fee rebate, and (iii) RMB38.9 million (US$5.6 million) government subsidies and tax rebates. Consolidated provisions for credit losses for the full year were $2.2 billion, compared with a benefit of $1.4 billion a year ago. And at the 2021 Masters, McClure nailed Rahm's (+250) top-five finish in his best bets, as well as Corey Conners' (+550) top-10 showing. Learn more at and connect with us on ShopSmall.com, instagram.com/ShopSmall, https://facebook.com/SmallBusinessSaturday, ABOUT THE AMERICAN EXPRESS 2022 SMALL BUSINESS SATURDAY CONSUMER INSIGHTS SURVEY. All rights reserved. Consolidated total revenues net of interest expense for the full year were $52.9 billion, up 25 percent from $42.4 billion a year ago. Gross margin rate improved to 28.1% from 24.4% for the same period last year. Patrick Cantlay, who was already 9-1 and second-favorite to win, has even made a tiny push forward to 8-1 in the updated 2022 American Express odds. earnings per ordinary, Net earnings per share/ADS attributable to ordinary The bottom line also decreased 5% year over year. On March 31, 2021, the board of directors has approved changes to the share repurchase program, increasing the aggregate value of shares that may be repurchased from US$500 million to US$1 billion and extending the effective time by two years through June 30, 2023. Parcel volume was 6,593 million, an increase of 3.9% from 6,343 million in the same period of 2021. $ 38.90 $ 19.98. Check out the odds below and then visit SportsLine to see the projected 2022 American Express leaderboard, all from the model that's nailed seven golf majors and is up almost $10,000 since the restart. interests. The company plans to increase the regular quarterly dividend on its common shares outstanding by 15 percent, from $0.52 to $0.60 per share, beginning with the first quarter 2023 dividend declaration. Environmental, Social, and Governance reports. The increase reflected a reserve build of $135 million, compared with a net reserve release of $29 million a year ago, as well as higher net write-offs in the current quarter. <>/Metadata 1389 0 R/ViewerPreferences 1390 0 R>> There are lesser uncertainties about how the industry landscape will continue to evolve. Global Business Travel Group, Inc. (NYSE: GBTG) (American Express Global Business Travel, Amex GBT or the Company), the worlds leading B2B travel platform, today announced financial results for the quarter ended June 30, 2022. As of December 31, 2022, 458 sets of automated sorting equipment were in service, compared to 385 sets as of December 31, 2021. Jan 20, 2022 at 9:16 pm ET 5 min read USATSI The No. Epilation laser Rambouillet: Liste des meilleurs mdecins! The Company undertakes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, after the date of this release, except as required by law. The survey has an overall margin of error of +/- 2.0%, at the 95% level of confidence. The increase was primarily driven by increased Card Member spending and foreign exchange-related revenue. "We ended 2022 with record revenues, which grew 25 percent from a year earlier, and earnings per share of $9.85, both well above the guidance that we provided when we introduced our long-term growth plan at the start of last year, despite a mixed economic environment," said Stephen J. Squeri, Chairman and Chief Executive Officer. Such information speaks only as of the date of this release. The Company may also modify its strategy for growth. We observed strong scale leverage during recent volume surge where our daily parcel reached over 85 to 90 million packages, and our goal of continued unit economic improvements on the cost front is achievable. ($ in millions, except per share amounts, and where indicated), Average Diluted Common Shares Outstanding. Fourth-Quarter 2022 Revenue Increased 17% to a Record $14.2 Billion, Driven by Highest Ever Quarterly Card Member Spending; EPS for Quarter Was $2.07, Company Expects Full-Year 2023 Revenue Growth of 15% to 17% and EPS of $11.00 to $11.40 as It Continues to Execute on Its Growth Plan. Everything you need to know for the third round of the Valspar Championship. Income from operations was RMB7,736.5 million (US$1,121.7 million), an increase of 40.6% from RMB5,503.0 million last year. Cantlay has only played one event so far this season, but he showed well for himself in the recent Sentry Tournament of Champions earlier this month. The Shop Small movement was spurred by the widespread participation in Small Business Saturday, a day founded in 2010 by American Express. subsidiary and others, before of income taxes, Adjusted Net income attributable to ordinary This content hub provides small merchants tips, tutorials and other tools, including a $100 TikTok advertising credit offer for eligible small businesses* with the goal of helping them reach a digital-first generation of shoppers on Small Business Saturday and throughout the holiday season. /~{xg""Nt~%RqGF;rw?&bg/_7}Y:EN-H1K. The study gathered self-reported data and does not reflect actual receipts or sales. endobj Swafford made an eagle on the par CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS. On March 13, 2021, the board of directors of the Company approved the extension of the active share repurchase program to June 30, 2021. Here is the breakdown of the rest of the leaderboard at the 2023 American Express. Cost of accessories sold was RMB147.8 million (US$21.4 million), increased 73.7% compared with RMB85.1 million in the same period last year. Interest expenses was RMB76.1 million (US$11.0 million), compared with RMB24.9 million in the same period of last year. He was also all over Daniel Berger (+220) and Emiliano Grillo (+700) finishing inside the top-20. Credit metrics remained strong throughout the year and below pre-pandemic levels. The board of directors has approved a special dividend of US$0.37per ADS and share for 2022 to shareholders of record as of the close of business on April 6, 2023. 24.4 Billion Annual Parcels Expanded Market Share by 1.5pts to 22.1%. Live audio and presentation slides for the investor conference call will be available to the general public on the above-mentioned American Express Investor Relations website. He also made the Tour's first albatross since July 2022. EBITDA[1] was RMB3,406.5 million (US$493.9 million), compared with RMB2,741.6 million in the same period of last year. Webnewyork | july 22, 2022 american express q2 results american express second-quarter revenue increases 31% to $13.4 billion record card member spending driven by robust Learn more at americanexpress.com and connect with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress. Epilation laser Paris Centre mdecine esthtique et centre laser paris 6-7. [3] Based on projection of a one-time $10 per person spending by total US Gen Z and Millennial population and applied to the analysis of additional impacts outlined in the 2022 Small Business Economic Impact Study by ESI. Current leaderboard after round 4 at the The American Express 2022 on the PGA Tour in La Quinta, CA, USA. Global Merchant and Network Services reported fourth-quarter pretax income of $691 million, compared with $475 million a year ago. Total expenses were $4.7 billion, up 17 percent from $4.0 billion a year ago, primarily reflecting higher customer engagement costs, which were driven by higher network volumes and increased usage of travel-related benefits, and partially offset by lower marketing expenses in the current quarter. This season, he's second on the tour in strokes gained around the green, at 5.54, and is currently on the fourth-longest run of sand saves, with eight in as many opportunities. You can only see them here. Results for this segment were significantly impacted by the strengthening of the U.S. dollar. Unless otherwise noted, all translations from Renminbi to U.S. dollars were made at the exchange rate of RMB6.8972 to US$1.00, the noon buying rate on December 31, 2022 as set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve Systems. SportsLine's proven model simulated The American Express 2022 10,000 times and revealed its PGA picks. View the, (Loss)/gain from fair value changes of financial, Gain on disposal of equity investees and subsidiary and, Income before income tax, and share of loss in equity, Net earnings per share attributed to ordinary, Weighted average shares used in calculating net, Other comprehensive (expenses) / income, net of tax of, Comprehensive loss attributable to non-controlling, Comprehensive income attributable to ZTO Express, Ordinary shares (US$0.0001 par value; 10,000,000,000 shares authorized, 826,943,309, Effect of exchange rate changes on cash, cash equivalents and, Net (decrease)/increase in cash, cash equivalents and restricted, Adjusted Net income attributable to ordinary, Weighted average shares used in share/ADS calculating net, Net earnings per share/ADS attributable to ordinary, Adjusted net earnings per share/ADS attributable to, https://www.prnewswire.com/news-releases/zto-reports-fourth-quarter-2022-and-full-year-2022-unaudited-financial-results-301773146.html, @ the Bell: As banks struggle, there might be a pot of gold at the end of this rainbow, The Market Heralds Weekly Cannabis Report Mar 17, 2023, @ the Bell: TSX bounces off the ropes to victory. Operating margin rate increased to 24.9% from 22.3% in the same period of last year. The Company uses EBITDA, adjusted EBITDA, adjusted net income, adjusted net income attributable to ordinary shareholders and adjusted basic and diluted earnings per American depositary share, and adjusted basic and diluted earnings per American depositary share attributable to ordinary shareholders, each a non-GAAP financial measure, in evaluating ZTO's operating results and for financial and operational decision-making purposes. The study is a nationally representative sample of 2,471 U.S. adults 18 years of age or older. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The healthier and more capable leaders will advance further in quality of service, volume, and profitability expansion. The Company believes that EBITDA, adjusted EBITDA, adjusted net income, adjusted net income attributable to ordinary shareholders and adjusted basic and diluted earnings per American depositary share provide useful information about its operating results, enhance the overall understanding of its past performance and future prospects and allow for greater visibility with respect to key metrics used by ZTO's management in its financial and operational decision-making. Other revenues were mainly consisted of financing services and advertising services receipts. Swafford made an eagle on the par-5 16th and birdied the par-3 17th to break a three-way tie atop the leaderboard and power-walk away with the title at 23 under. Selling, general and administrative expenses were RMB2,077.4 million (US$301.2 million), an increase of 10.7% from RMB1,875.9 million last year. Terms apply. Don't have an account yet? (2) Adjusted net income is a non-GAAP financial measure, which is defined as net income before share-based compensation expense and non-recurring items such as gain on disposal of equity investment and subsidiary in and corresponding tax impact which management aims to better represent the underlying business operations. Fourth-Quarter 2022 Revenue Increased 17% to a Record $14.2 Billion, Driven by Highest Ever Quarterly Card Member Spending; EPS for Quarter Was $2.07 Company 1 0 obj Total Revenues were RMB35,377.0 million (US$5,129.2 million), an increase of 16.3% from RMB30,405.8 million last year. [1] The American Express 2022 Small Business Saturday Consumer Insights Survey was conducted by Teneo on behalf of American Express and the National Federation of Independent Business (NFIB). %PDF-1.7 "Given our momentum, we expect 2023 revenue growth of 15 percent to 17 percent and earnings per share of $11.00 to $11.40. Key links to products, services and corporate sustainability information: personal cards, business cards and services, travel services, gift cards, prepaid cards, merchant services, Accertify, Kabbage, Resy, corporate card, business travel, diversity and inclusion, corporate sustainability and Environmental, Social, and Governance reports. The increase was primarily driven by increased Card Member spending, as well as higher net interest income, reflecting higher average loan volumes. Income tax expenses were RMB500.5 million (US$72.6 million) compared to RMB371.4 million in the same period of last year. Epilation laser Mantes-la-Jolie 78 - Centre Beautyline Paris. Lee Hodges (T3): The rookie from Alabama had a two-stroke lead going to the second nine before RMB6.8 Billion Adjusted Net Income Grew 37.6%. photographe et cameraman mariage oriental. More importantly, as we grow, core express delivery and all other logistic product and services, we are to take on greater responsibilities and create positive impact on more people, greater society and larger environment. 8:41 am ET, see the golf predictions and projected leaderboard from the proven computer model at SportsLine, Head to SportsLine now to see the projected 2022 American Express leaderboard, visit SportsLine to see the projected 2022 American Express leaderboard, Jordan Spieth, Justin Thomas in the mix at Valspar, 2023 Masters odds, Tiger Woods picks, bets, sims, 2023 Masters picks, field, odds, best bets, date, Spieth leans on hot putter, pulls near Valspar lead, 2023 Valspar Championship picks, odds, field, best bets, 2022 The American Express odds, picks, field, sims, Spieth, Thomas well in the mix at Innisbrook, Scheffler releases Masters Champions Dinner menu, Rickie Fowler joins Tiger Woods, McIlroy's TGL venture, USGA, R&A propose limiting distance balls can travel, 2023 Players Championship purse, prize money, payout, Tiger sued by ex-girlfriend over domestic dispute, NDA, Davis Love III enthused about golf's young stars. The consolidated effective tax rate for the full year was 21.6 percent, down from 24.6 percent a year ago, primarily reflecting discrete tax benefits in the current year related to the resolution of prior-year tax items. [2] Based on spending as reported by consumers in surveys commissioned by American Express (not actual receipts or sales). others, Impairment of investment in equity investee, Foreign currency exchange (loss) / gain before tax, Income before income tax, and share of loss in equity % Dial-in details for the earnings conference call are as follows: Please dial in 15 minutes before the call is scheduled to begin and provide the passcode to join the call. The 2022 American Express is taking place Jan. 20-23 in La Quinta, California. We focus on being the best we can, and by strengthening our industry leading operational excellence and maximization of our vast resource utilization, we can systematically grow our market presence and increase stakeholder value by striking healthy balance between all three aspects of our corporate strategy. Based on new research released earlier this month by American Express, if every Gen Z and Millennial shopper spent $10 at a small business on Small Business Saturday, it would support $2 billion in local economic activity throughout the US. stream shareholders, Weighted average shares used in calculating net The decrease was mainly consisted of RMB116.1 million (US$16.8 million) in dispatching costs serving enterprise customers, offset by the increase of (i) RMB82.0 million (US$11.9 million) in costs expanding last mile business and (ii) RMB44.0 million (US$6.4 million) in information technology and related cost. Web1 American Express Global Business Travel Reports Q4 and Full-Year 2022 Financial Results NEW YORK March 9, 2023 American Express Global Business Travel, which is operated by Global Business Travel Group, Inc. (NYSE: GBTG) (Amex GBT or the Company), the worlds leading B2B Total Operating Expenses were RMB312.7 million (US$45.3 million), compared to RMB196.9 million in the same period of last year. SHANGHAI, March 15, 2023 /PRNewswire/ -- ZTO Express (Cayman) Inc. (NYSE: ZTO and SEHK: 2057), a leading and fast-growing express delivery company in China ("ZTO" or the Total Revenues were RMB9,871.3 million (US$1,431.2 million), an increase of 7.1% from RMB9,217.5 million in the same period of 2021. In addition, the Company may not meet its financial outlook included in this news release and may be unable to grow its business in the manner planned. <> The 34-year-old earned his third win on Tour on Sunday at the 2022 American Express at PGA West in La Quinta, California. S. Jaeger -5 10:36 AM 4. For more information, please visit http://zto.investorroom.com. Grade: A. Reconciliations of the Company's non-GAAP financial measures to its U.S. GAAP financial measures are shown in tables at the end of this earnings release, which provide more details about the non-GAAP financial measures. Factors that could cause actual results to differ materially from these forward-looking statements, include, but are not limited to, the following: A further description of these uncertainties and other risks can be found in American Express Company's Annual Report on Form 10-K for the year ended December 31, 2021, Quarterly Reports on Form 10-Q for the quarters ended March 31, June 30 and September 30, 2022 and the company's other reports filed with the Securities and Exchange Commission. Has an overall margin of error of +/- 2.0 %, at 95... Resumed in June of 2020 period in 2021 was RMB76.1 million ( US 1,121.7! Course ( SC ) Jan 20 - 23, 2022 Saturday, a founded... 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