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Amazon's 2018 Sales Topped $232 Billion
The giant company's sales increased 31% in 2018 over 2017, and its operating income tripled to $12.4 billion. Among the many reasons cited for the big 2018 financial gains was the performance of Amazon’s third-party sellers.
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Industry Sales Flat Through November
According to the Association of American Publishers’ StatShot program, sales from 1,374 reporting publishers were up 0.3% through November over the comparable period in 2017.
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New Guild Report Finds More Declines in Author Earnings
An Authors Guild survey of more than 5,000 authors found they had a median income $6,080 in 2017. Excluding income from book-related activities such as speaking engagements, earnings from just books was $3,100.
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Industry Stocks Took a Big Hit in 2018
Last year was a bad one for stocks...and it was particularly tough for the 11 companies that make up the Publishers Weekly Stock Index.
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Print Unit Sales Increased 1.3% in 2018
Unit sales of print books rose 1.3% in 2018 over 2017 at outlets that report to NPD BookScan. According to BookScan, units topped 695 million in the 52-week period ended December 29.
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Scholastic Trade Sales Rose 16% in Q2
Revenue in Scholastic's trade division increased 16% in the second quarter ended November 30, 2018, over the comparable period a year ago. For the entire company, revenue in the quarter rose 1% over last fiscal year’s second quarter and net income jumped 25.4%.
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Donadio & Olson Files for Bankruptcy
After the theft of $3.4 million by its former bookkeeper, the agency has shuttered and started liquidation proceedings. In a letter, agency principal Neil Olson apologized to his clients and said he had "simply run out of time and resources.”
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Adult Book Sales Flat in October; Kids' Down 6.8%
Sales of adult books were flat in October compared to October 2017, according to figures released by the AAP as part of its StatShot program. Sales in the children/young adult segment fell 6.8% in the month compared to 2017.
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Wiley Q2 Sales and Earning Fall
Revenue at John Wiley & Sons fell 1% in the second quarter ended October 31, compared to the same period a year ago.
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Q2 Sales Dropped 8.1% at Barnes & Noble Education
Despite declines in total sales and operating income, net income rose due to lower taxes, and B&NE CEO Michael Huseby said the company remains focused "on investing in digital growth platforms and offerings for the future."
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B&N Cuts Q2 Losses as Comp Sales Improve
Barnes & Noble cut its operating loss in the second quarter ended October 27, 2018, to $26.8 million, down from $52.2 million a year ago.
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Regnery Revenue Up in Q3
Revenue at Regnery Publishing rose in the third quarter of 2018, which ended September 30, parent company Salem Media reported. The gain at Regnery, however, was offset by a 10.4% decline in sales in Salem's self-publishing division.
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A Very Profitable Quarter for Four Big Publishers
Solid backlist and digital audio sales contributed to third-quarter gains at HarperCollins, Hachette Book Group, Simon & Schuster, and Houghton Mifflin Harcourt.
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HBG Has 'Sparkling' Third Quarter
Sales at the Hachette Book Group rose 5.1% in the third quarter of 2018 over the same period a year ago, led by backlist sales and a number of good frontlist performances, including Sally Field’s 'In Pieces.'
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Licensing Deal Boosts Q3 Results at HMH Trade Group
Boosted by a new licensing agreement for '1984' and 'Animal Farm,' sales and earnings at Houghton Mifflin Harcourt’s trade division both soared in the third quarter ended September 30, 2018, over the comparable period a year ago.
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HC Profits Soared 42% in Q1 of Fiscal 2019
Strong backlist sales, in addition to a 55% jump in sales of digital audiobooks, led to a 42% increase in earnings at HarperCollins in the quarter ended September 30, 2018, over the comparable period a year ago.
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Indigo Q2 Sales Slip, Loss Increases
Indigo CEO Heather Reisman attributed the sales decline and higher loss in the quarter to the chain's continued investment in renovating its stores.
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Industry Stocks: October 2018 Performances
Stock prices at only two of the 11 companies on the Publishers Weekly Stock Index rose in October, Barnes & Noble and Educational Development Corp.
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S&S Q3 Earnings Rise on Sales Gain
After completing another solid quarter, Simon & Schuster CEO Carolyn Reidy said that while business was soft in October because of distractions caused by the upcoming election, she believes sales will rebound after the midterm elections on November 6.
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Trade Sales Shine Bright Through September
The trade and religion segments continued to be the industry’s bright spots through September, according to figures released by the AAP through its StatShot program.
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