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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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Amazon Profits Soar Again, Despite Disappointing Sales
Although sales rose 29% in the third quarter (ended September 30) over the comparable period a year ago, investors had expected more rapid growth. Still, profits jumped to $2.9 billion, up from earnings of $256 million a year ago.
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Adult Group Drives Sales Gain at Bloomsbury
In the six month period ended August 31, 2018 revenue in Bloomsbury's adult group rose 22% over the comparable period in fiscal 2018, offsetting a 2% decline in sales in the children's division.
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Trade Segments Had Good August
Sales of adult books rose 5.2% in August over August 2017 and sales in the children's/young adult category increased 7.5% over last August, according to AAP's StatShot program.
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EDC Q2 Profits Jump on Small Sales Gain
Educational Development Corp.’s rapid revenue growth stalled in the second quarter ended August 31, 2018, but the company still posted earnings growth of nearly 44%.
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Bookstore Sales Slipped 1.2% in August
After a number of months of sales gains, revenue at that nation's bookstores fell 1.2% in August compared to a year ago, according to preliminary estimates released by the U.S. Census Bureau.
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Trade Leads Q1 Sales at Scholastic
Scholastic revenue rose 15% in the quarter ended August 31, driven by a 40% increase in its children's book and distribution group where trade sales jumped 26%. Sales also benefited from an accounting change.
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July Trade Sales Rise
According to figures from the AAP’s StatShot program, sales of adult books rose 11.1% in July over a year ago, while sales in the children’s/ya segment increased 10.3%.
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