USPS released their Preliminary Financial Information (unaudited), for February 2025.
While the FY25Q1 (Oct1-Dec31 2024) total Market Dominant revenue ended on a positive note, the first month of FY25Q2 (January 2025) did very poorly, and unfortunately its second month February 2025 financials do not show much better.
TotalRevenue missed plan by -3.4% and actual SPLY by -3.7%
Two surprises in the volumes:
- Market Dominant Products volume declined -7.8% over SPLY, but that was actually +3.2% better than USPS forecasted.
- Competitive Products volume declined -9.8% over SPLY, which was -12.3% lower than the USPS forecasted planned numbers.
By Class:
- First Class down -8.2%
- Periodicals down -17.6%
- Marketing Mail down -7.0%
A positive gain in the work hours, USPS removed -5.5% over SPLY (5 million hours)
