ADVO, Inc. reported second fiscal quarter revenue of $274.4 million, up from $271.8 million in second quarter 2001. But the shared mail distributor’s net income fell from $9.2 million to $8.4 million during the same period. The quarter ended March 30.
The Windsor, CT-based firm sent out 856.3 million packages during the quarter, a 5.9% increase over second quarter 2001’s level. But a year ago each package held, on average, 7.9 pieces. In the quarter just finished this fell to 7.63 pieces.
Revenue per thousand pieces slipped from $38.66 a year ago to $38.53 during the quarter just ended.
