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Scholastic Sees Sales, Profits Fall in Second Quarter
Lower sales in the company's trade group, due mainly to the timing of the publication of some of its biggest books, was the major factor in dropping second quarter results. For the full fiscal year, Scholastic still expects revenue to increase between 4% and 6% over fiscal 2024.
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Book Publishing Sales Increased 8% in October
With four categories posting double-digit gains, October sales at the 1,279 publishers that report data to Association of American Publishers’s StatShot program rose 8.3% over last October.
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The Folio Society Had Big Gains in Fiscal 2024
Helped by increased demand for well-crafted books, U.K.–based Folio reported that sales in fiscal 2024 rose 16%, while profits jumped 137%. The U.S. accounted for over 50% of the company’s sales in the year.
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B&NE Sees Profits Rise in Second Quarter
A sales increase in its First Day program and more cost cuts led to net income doubling at Barnes & Noble Education in the quarter ended in October 2024.
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Wiley Looks Ahead After a Solid Second Quarter
With its divesture program behind it, the company reported solid increases in its ongoing research and learning groups in the second quarter of fiscal 2025.
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Publishing Industry Sales Rose 7% Through September
The 7% increase in the first nine months of 2024 came despite a modest 2.4% increase in September at the publishers who report to AAP's StatShot program. Strong showings in the religion and adult fiction categories drove the nine-month gains.
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Profits, Sales Up at WH Smith in Fiscal 2024
North America, especially U.S. airport stores, is becoming a major growth engine for the U.K.-based bookstore chain. Sales in North America rose 9% in fiscal 2024, to £401 million.
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Digital Sales Drive Gains at HarperCollins
Led by digital audiobooks, sales at HarperCollins rose 4% in the quarter ended September 30 over the comparable period a year ago, and profits jumped 25%. 'Hillbilly Elegy' by J.D. Vance sold 1.5 million copies in the quarter.
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Amazon Expects a Strong Finish to 2024
Third quarter results exceeded expectations at Amazon, and the company expects a strong fourth quarter, forecasting that total sales will rise between 7% and 11% over last year’s final period, to as much as $188.5 billion.
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Book Publishing Sales Stayed Hot in August
In the adult trade segment, total sales were up nearly 12% for the month over 2023 at publishers that report to the Association of American Publishers’ StatShot Program. Religious presses were up a hefty 47.4%, and digital audio showed a 38.8% increase.
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With Romantasy Still Soaring, Bloomsbury Hits Another Record
Booming sales in its consumer division, driven by huge demand for books by Sarah J. Maas and the acquisition of the Rowman & Littlefield academic group, resulted in revenue jumping 32% at the publisher, with earnings doubling in the first half of fiscal 2025.
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Comics Sales Soften, but Still Surpass Pre-Pandemic Levels
This year's ICv2 Insider Talks found that while comics sales were down 7% from the “Covid peak” of 2022—with manga, once the primary driver for comics growth, seeing the largest drop—they're still holding strong, with 2023 sales up 67% above 2019.
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HBG Shines in Third Quarter
While third quarter sales at Lagardère Publishing were flat in the most recent period, sales at Hachette Book Group were strong with increases in digital sales helping drive up revenue.
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Scholastic’s Fiscal Year 2025 Is Off to a Positive Start
Helped by the acquisition of 9 Story Media, sales rose 4% at Scholastic in the quarter ended August 31, 2024, and the publisher cut its operating loss.
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Verso Holds Kickstarter Campaign to Boost U.K. Business
With sales to U.K. bookstores shut off by the bankruptcy of its U.K. distributor Marston, the radical U.K./U.S. publisher has turned to Kickstarter to raise $134,000 to support its fall publishing program. It has raised close to $100,000 in the first 24 hours of the campaign.
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Publishing Sales Saw Solid Six-Month Gains, Per AAP
According to AAP's StatShot program, industry sales were up 5.6% in the first half of 2024. Sales of adult titles rose 6.7%, but sales in the children's and young adult segment fell 2.7%.
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Barnes & Noble Education Looks for Improvement in Fiscal 2025
In the quarter just before the fall rush season begins, B&NE saw sales of its inclusive access programs rise 32% as it continued its efforts to better control costs. Total sales slipped 0.3%, to $263.4 million.
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Print Book Sales Dipped in Canada in First Six Months of 2024
Unit sales of English-language trade print books sold in Canada fell 2% in the first half of 2024 from the comparable period in 2023 at stores that report data to BookNet Canada.
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Wiley Wraps Up Divestiture Program, Looks at AI Opportunities
The company it has completed the sale of three companies and saw gains from recent AI partnerships in the first quarter of fiscal year 2025, with CEO Matthew Kissner promising that Wiley is prepared to "move decisively on AI opportunities."
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Sales, Earnings Rose at Penguin Random House in the First Half of 2024
A good performance by PRH US, higher audiobook sales, and contributions from recently acquired companies led to a 13% increase in profits on an 8.5% sales gain at the world's largest trade publisher.
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