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Trade Books Post Good February Sales
Sales of adult trade books rose 6.6% in February over February 2018 after slumping in January, while sales of children/young adult books had a second consecutive month of good sales increases, according to the AAP.
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Book Sales Flat at Hudson in 2018
While sales in Hudson Group's literature category dropped 5% in 2018 compared to 2017, book sales were about flat with 2017. Hudson operates about 60 bookstores in airports and sells books in another 500 of Hudson's 1,082 locations.
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Sales, Earnings Rose at PRH in 2018
Revenue at Penguin Random House rose 1.9% in 2018 over 2017 and earnings increased 1.3%. PRH global CEO Markus Dohle said he expects to see more gains in 2019 due in part to more increases in digital audio sales and expanding global book markets.
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Scholastic Q3 Revenue Boosted by Trade Group
Revenue rose 4% at Scholastic in the third quarter of fiscal 2019 over the comparable period a year ago, but higher costs caused the publisher to say its earnings for the full year will come in at the lower end of its forecast.
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Adult Trade Sales Down in January, Kids' Up
Sales of adult trade books fell 7.3% in January compared to the first month of 2018, according to the AAP’s StatShot program. Sales in the children’s/young adult category rose 4.3%.
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Profits Fell at Lagardère Publishing in 2018, But Rose at HBG
Earnings at Lagardère Publishing fell 9.6% in 2018 compared to 2017, but increased at its U.S. subsidiary, Hachette Book Group, where sales were up 3.7%.
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F+W Media Files Chapter 11, Will Sell Assets
A failed attempt to shift the magazine and book publisher's business to an e-commerce model has led F+W to sell both its books division, which has revenues of $22 million, and It's communities group, which had sales of almost $68 million.
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Quarto Bottomline Improves Despite Sales Dip
In a year in which it replaced both its chairman and CEO and sold or closed a number of divisions, the Quarto Group reported that revenue in 2018 fell 2% from 2017. The company’s bottomline improved as adjusted profit rose to $10.3 million from $7.2 million a year ago.
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B&N Q3 Sales Flat, Comps Rise 1.1%
Total revenue at B&N in the third quarter ended January 26, 2019 was flat at $1.23 billion as retail sales rose 0.3% and Nook revenue fell 21%. Comparable sales were up 1.1%, but earnings fell slightly.
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Traditional Book Business Drags Down Wiley in Q3
In the Wiley publishing segment, the company reported that educational publishing revenue dropped 23% compared to last year’s third quarter, while STM and professional publishing revenue fell 20%. Overall sales for the company dropped 1%.
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B&NE Q3 Sales Fell 8.8%
The faster than expected move from physical textbooks to digital offerings was the key factor in a 8.8% revenue decline at Barnes & Noble Education for the quarter ended January 29.
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Industry Stocks: February Performances
With the stock prices of nine of the 11 companies on the Publishers Weekly Stock Index rising in February, the PWSI managed to eke out a 0.9% increase.
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Sales Rose 10.6% in 2018 at HMH Trade
The 2018 sales increase in the Houghton Mifflin Harcourt trade group was led by higher licensing income. Meanwhile, the net loss for the entire company, which includes the education division, was cut to $90.5 million from $135.1 million in 2017.
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PRH Had Solid 2018, Pearson Said
Pearson, which owns a 25% stake in Penguin Random House, said the global trade publisher had a solid 2018 led by increased audiobook sales and stable print sales.
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LSC Has Gain in Book Group
Sales in LSC Communications' book division rose 3.2% in 2018 over 2017, to $1.06 billion.
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Earnings Dropped at Quad in 2018 Despite Small Sales Gain
A week after it changed its name to Quad from Quad/Graphics, the company reported that 2018 sales increased 1.5% over 2017. Net earnings, however, tumbled to $7.9 million.
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S&S 2018 Profits Up, Despite Small Sales Decline
A 7% decline in fourth quarter revenue led to a 0.6% drop in sales for the full year at Simon & Schuster. The publisher still posted a 6% increase in operating profits over 2017.
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Trade Segment Was Industry Bright Spot in 2018
Gains in the trade and religion segments were offset by declines in the other publishing categories, leading to a small (0.4%) decline in industry sales in 2018, according to the Association of American Publishers’ StatShot program.
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HC Sales, Earnings Up in Q2
Strong sales of digital audio were a key contributor to a 13% increase in profits at HarperCollins in the second quarter ended December 31, 2018. In discussing second quarter results, Robert Thomson, CEO of HC parent company News Corp, criticized Audible's domination of the downloadable audio market.
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2018 Sales Fell 1.6% at Lagardère
Within the U.S., HBG CEO Michael Pietsch credited a 6.3% growth in the fourth quarter with helping the company to "another solid year of revenue growth."
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