Improvement in Revenue Decline Rate
The rate of revenue decline improved, with a 7.4% year-over-year decrease compared to 7.6% last quarter, indicating stabilization in revenue trends.
Increased Customer Acquisition
The company reported increased new customer acquisitions, which contributed to the deceleration of the customer count decline rate.
Stable Renewal Rates
Renewal rates remained stable, supporting revenue performance.
Higher Average Spend Per Customer
There was an increase in average spend per customer, partially due to price increases.
Pension Plan Derisking
Completed the purchase of a group annuity contract for $210 million, annuitizing approximately 50% of the pension liability.
Cash Dividend Declared
The Board declared a dividend of $0.25 per common share to be paid on September 15, 2025.