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Sales Up, Earnings Slip in Q3 at EDC
Revenue at Educational Development Corp. inched ahead 0.8% in the third quarter ended November 30, 2019, over the comparable period a year ago. Net income fell 2.8%, to $2.7 million.
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Children/YA Sales Rose, Adult Sales Fell in October
Sales in the children/young adult category increased 20.9% in October over October 2018, while sales of adult books fell 3.7%, according to AAP's StatShot program.
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Print Unit Sales Fell 1.3% in 2019
A dip in adult nonfiction puts an end to a streak of small annual gains in total sales.
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Print Unit Sales Dropped 3.7% After Christmas
The first full shopping week after Christmas, which ran from December 29, 2019, through January 4, 2020, saw unit sales of print books fall 3.7% compared to the similar week in 2010 at outlets that report to NPD BookScan.
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B&NE Appoints Financial Adviser
Barnes & Noble Education hired Morgan Stanley to serve as its financial adviser as it looks for ways to increase shareholder value in a fast-changing college material market.
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Publishing Stocks Fell in 2019
After beginning 2019 with 10 companies, the Publishers Weekly Stock Index was down to only eight members at the close of the year, losing Barnes & Noble and Simon & Schuster. The remaining companies saw their combined stock price decline by 9%.
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The Weekly Scorecard: Mid-December 2019
Print Units Dipped 0.7% in Mid-December
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The Economic Hardship Reporting Project Gives Writers a Hand
Founded in 2012 to help freelance and unemployed journalists get published in newspapers, magazines, and other periodicals, the organization now wants to ensure that more books by such writers pass through the publishing pipeline.
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Scholastic Has Flat Q2
Sales and earnings slipped slightly in the second quarter of fiscal 2020 compared to the same time a year ago. The trade division saw a sales rise, and the company said it expects to hit its financial targets for the full fiscal year.
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The Weekly Scorecard: December 2019
Print Units Slipped 1.3% in Early December
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Q2 Sales, Earnings Up at Wiley
Helped by acquisitions, revenue at John Wiley rose 4% in the second quarter of fiscal 2020 and net income increased 2.1%. The company's academic and professional learning division was a soft spot, with revenue falling 6%.
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Trade Segments Up Through September
Through the first nine months of 2019, sales of adult trade books were up 1.1% over the comparable period in 2018 for the publishers who report sales to AAP’s BookStat program. Sales in the children/young adult segment rose 8.0% in the same period.
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Sales Up 15% in Salem's Publishing Group in Q3
Led by a solid quarter by Regnery, sales in Salem Media Group's publishing division rose 15.8% in the third quarter of 2019 over the comparable period last year.
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S&S Squeezes Out a Q3 Profit Despite Sales Decline
Profits rose by $1 million at Simon & Schuster in the third quarter of 2019 over the comparable period in 2018, despite a 9% drop in sales. In last year's third quarter, Bob Woodward's 'Fear' drove strong sales for the publisher.
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Earnings, Sales, Drop in Q1 at HarperCollins
Profits dropped 28% at HarperCollins in the first quarter of fiscal 2020 compared to the first period of fiscal 2019, while revenue declined 3%. Parent company New Corp expects HC's financial performance to improve starting in January, the second half of the fiscal year.
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Q3 Revenues Fell at LSC Communications
The printing giant posted a sales decline of 17.9% in the third quarter, although excluding one-time items, "organic sales" were down 9.3%. The company also lowered its forecast for sales and earnings for the full year.
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Sales Flat at HBG in Q3, But Expects Good Finish for 2019
Revenue at Hachette Book Group fell marginally in the third quarter ended September 30, 2019, dipping just 0.3%, parent company Lagardère reported. One reason for the small decline was slowing sales of the longtime backlist bestseller 'You Are a Badass.'
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HMH Books & Media Has Down Q3
The absence of licensing income earned in last year’s third quarter led to a 27.9% decline in sales at the Houghton Mifflin Harcourt Books & Media group for the period ended September 30, 2019, compared to last year’s third quarter.
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Children/YA Bright Spot In Soft August
The children/young adult category was one of only two categories that posted a sales increase this August over August 2018, according to AAP’s StatShot program.
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Children/YA Has Strong July Sales Gains
Sales in the children/young adult category rose 16.6% in July over July 2018, while sales of adult books increased 3.9% in the month over 2018, according to the AAP’s StatShot program.
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