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HMH Purchase Boosts HarperCollins Results
A $50 million contribution from its purchase of the Houghton Mifflin Harcourt trade division and higher backlist sales were two of the key drivers in increasing sales at HarperCollins by 19%, and profits by 20%, in the quarter ended August 31.
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S&S Has Stellar Third Quarter
Despite working in something of a state of limbo caused by its pending purchase by Penguin Random House, Simon & Schuster had a solid first half of 2021, and the good results carried into the third quarter, with sales rising 15% and profits jumping 66%.
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July Publishing Sales Were Solid
With most categories posting increases, sales at the 1,158 publishers that report results to the Association of American Publishers’ StatShot program rose 6.9% in July over July 2020.
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Amazon Growth Slows, Costs Jump
Amazon has seen huge gains in sales and profits since the pandemic began, but growth in the third quarter was a modest 15%. The company is spending billions to cope with supply chain issues and labor shortages.
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HBG Sales Fell 9% in Q3
Third quarter sales fell 9% at Hachette Book Group for the period ended August 31, 2021, contributing to a 1.2% drop in total sales for Lagardère's publishing group. Despite the quarterly decline, sales for the first nine months of 2021 were up 9% over a year ago for the entire publishing division.
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Bloomsbury Had Record First-Half Results
Sales rose 29% in the six-month period ended August 31, 2021, and profits soared 225% at Bloomsbury Publishing. The company said that early ordering by accounts to head off problems in the supply chain gave sales a lift.
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Book Sales Prognosis: Good 2021, Uncertain 2022
Book sales should finish 2021 on a good note, but a number of factors could mean softer sales in early 2022, NPD BookScan noted during a webinar on third-quarter sales.
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Woodward, Gorman Boosted Book Sales Last Week
Led by new books by Bob Woodward and Amanda Gorman, unit sales of print books rose 3.2% last week over the week ended September 26, 2020 at outlets that report to BookScan.
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Scholastic Has Good Start to Fiscal 2022—with a Caveat
Scholastic reported higher sales and a smaller loss in the first quarter of fiscal 2022 compared to the first quarter of fiscal 2021, and while it said business is improving, it did point to some “headwinds” which all publishers are facing: rising costs and disruptions in the supply chain.
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Wiley Has Solid Start to Fiscal 2022
Sales at John Wiley rose 13% in the first quarter of fiscal 2022, while operating profits jumped 36%.
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B&NE Post Gains in Q1 of Fiscal 2022
The reopening of most campus stores and higher sales of digital products lifted revenue at Barnes & Noble Education 17.6% in the first quarter ended July 31, 2021, over the comparable period a year ago.
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First Half Profits Soared at Penguin Random House
Booming audiobook sales and strong performances in some of its largest markets boosted profits up 55.1% at Penguin Random House in the first six months of 2021. Revenue rose 10.9%, to €1.80 billion.
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Booktopia Sales Rose 35% in Fiscal 2021
Australian online book retailer Booktopia Group reported a 35% increase in revenue in the fiscal year ended June 30, 2021 over fiscal 2020 with sales of A$223.9 million.
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Publishing Sales Jump 18.1% in First Six Months of 2021
With all segments posting increases, sales rose 18.1% in the first half of 2021 over the comparable period in 2020 for publishers who report results to the AAP.
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Sourcebooks Net Revenue Jumped 48% in First Half of 2021
New partners, new initiatives, new staff, and new readers all contributed to a 48% increase in net revenue at Sourcebooks in the first six months of 2021 over what was already a record first six months in 2020, according to publisher and CEO Dominique Raccah.
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Regnery Has Strong Second Quarter
Salem Media said that sales in its publishing group rose 69% in the second quarter, to $6.6 million, with book sales up $2 million at Regnery Publishing.
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With Another Big Year, HarperCollins Sales Near $2 Billion
Sustained increases in book reading and book buying were the underlying factors in driving up sales by 19% and profits by 42% in HarperCollins's latest fiscal year.
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S&S Posts Gains in Q2
Strong sales of adult books and another big gain in its international operations led to a “robust, healthy” second quarter at Simon & Schuster, company CEO Jonathan Karp told 'PW.'
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Quarto Posts a Profit in First Half of 2021
Following what it acknowledged was a soft first half of 2020, sales at Quarto Group increased 21% in the first six months of 2021. The publisher had a profit of $4 million compared to a loss of $1.8 million in the first half of 2020.
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Amazon Sales Only Rose 27% in Q2
Second-quarter revenue increased by 27% at Amazon over last year's second period, as business began to return to more normal buying trends following months of pandemic-fueled shopping.
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