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AAP Monthly StatShot, January
Sales from the 1,361 publishers that reported data to AAP were up 3.7% in January over January 2019.
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Publishing's First Quarter in 2020: A Good Start, Then the Virus
Publishing sales got off to a decent start in 2020—but as the new coronavirus increased its grip on the country’s economy, sales have softened. The business outlook for the second quarter is, at best, uncertain.
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Wiley Cuts Financial Forecast for Fiscal 2020
John Wiley & Sons estimated the coronavirus outbreak will drop revenues for the fiscal year ending April 30 by about $50 million from its previous expectations. President and CEO Brian Napack remains "confident" about Wiley's future.
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Print Units Rose 6.9% Last Week
Unit sales of print books rose 6.9% last week over the week ended March 28 at outlets that report to NPD BookScan. An early arrival of Easter and Passover helped soften the sales blow caused by the Covid-19 pandemic.
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Industry Sales Rose in January
Sales from publishers who report data to the AAP's StatShot program rose 3.7% in January over January 2019. The impact of the new coronavirus on sales will be reflected in March results.
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Financial Results Varied for Publishers in 2019
Even disregarding the negative impact the new coronavirus will have on the U.S. economy this year, America’s largest publicly traded publishers had a challenging 2019.
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Sales, Earnings Rose 6% at PRH, but Dohle Warns of Virus Impact
Revenue at Penguin Random House rose to €3.64 billion last year and earnings increased to €561 million. CEO Markus Dohle noted that despite the record year, the spread of the coronavirus means adjustments to the business are forthcoming.
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Virus Will Lower Scholastic's Q4 Results
The widespread school closings caused by the new coronavirus will mean disruptions to Scholastic's book fair, book club, and educational businesses in the quarter ended May 31, company chairman Dick Robinson reported.
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Print Unit Sales Fell 10% Last Week
Unit sales of print books fell 10% for the week ended March 14 compared to the previous week, according to NPD BookScan. The juvenile nonfiction category was the only segment in which sales rose last week.
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Industry Sales Posted Small Gain In 2019
Sales of adult trade books fell 2.7% in 2019 compared to 2018, while sales in the children/young adult segment rose 6.8%, according to AAP’s StatShot program.
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StatShot: Publishing Sales Rose 1.8% in 2019
Industry sales rose 1.8% in 2019 over 2018 at the 1,361 publishers who report sales to AAP's StatShot program. Sales of adult books fell 2.7% in 2019 compared to 2018, while sales in the children/young adult segment rose 6.8%.
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Print Units Fell 4% at the End of February
Unit sales of print books had one of their worst weeks so far in 2020 in late February. Units fell 4% in the week ended Feb. 29, 2020, compared to the week ended Mar. 2, 2019, at outlets that report to NPD BookScan.
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Wiley Posts Q3 Gains in Sales, Earnings
For the quarter ended January 31, 2020, John Wiley reported that revenue rose 4% over last year’s third quarter, to $467.1 million, and net income increased 1.4%, to $35.4 million.
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Print Unit Sales Inched up in Late February
Unit sales of print books rose 0.9% in the week ended Feb. 22, 2020, over the comparable week in 2019, at outlets that report to NPD BookScan.
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Earnings Up, Sales Dipped at HBG
Profits rose at Hachette Book Group last year over 2018 despite a 1% decline in revenue. The earnings increase was attributed to improved operating efficiencies in the year, along with higher sales of digital audiobooks.
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HMH Books & Media Had Down 2019
Revenue at Houghton Mifflin Harcourt Books & Media fell 9.9% in 2019, to $180.0 million, and the division had a net loss of $8.1 million, compared to net income of $2.4 million in 2018. A decline in licensing income was cited as the main reason for the sales drop.
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Print Unit Sales Up Slightly in Mid-February
With both adult categories posting small increases, unit sales of print books increased 1.4% in the week ended Feb. 15, 2020, over the comparable week in 2019.
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Pearson Earned £65 Million In Profits from Its PRH Stake in 2019
Pearson’s 25% stake in Penguin Random House earned the company £65 million in operating profit in 2019. Pearson has sold its 25% share of PRH to Bertelsmann in a deal expected to generated net proceeds of $675 million when the transaction closes.
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Sales, Earnings Down in 2019 at S&S
A tough fourth quarter where earnings were hurt by, among other factors, the tariffs on books manufactured in China contributed to a 7% drop in profits in 2019 at Simon & Schuster. Revenue in the year fell 1%.
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Unit Sales Down 3.2% in Early February
Unit sales of print books fell 3.2% in the week ended Feb. 8, 2020, compared to the similar week in 2019, at outlets that report to NPD BookScan.
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