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Investment Group Acquires 5.7% Stake in B&N
The Schottenfeld Management Corp. has acquired over 4.1 million shares of Barnes & Noble and says in a filing that it has already talked to the retailer about actions it can take to improve shareholder value.
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2017 Sales Had Small Decline
Final estimates by the Association of American Publishers put total 2017 industry sales at $26.23 billion, down slightly from the $26.27 billion generated in 2016.
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Scholastic Sales and Earnings Dropped in Fiscal 2018
Blockbuster sales of 'Harry Potter and the Cursed Child' helped drive revenue to $1.74 billion in fiscal 2017, but without a comparable hit, sales fell 6% in the fiscal year ended May 31, 2018. Operating income dropped 38%.
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Print Unit Sales Rose 2% in First Half of 2018
With unit sales of print books rising 4% in the adult nonfiction segment—the industry’s largest major category—total unit sales for the first half of 2018 increased 2% over the comparable period in 2017 at outlets that report to NPD BookScan.
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OUP Reports Financial Dip in Fiscal 2018
Oxford University Press has reported a slight decline in revenue and net profit for the fiscal year ended March 31, 2018, compared to fiscal 2017.
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Acquisitions Boost Sales at B&N Education
Acquisitions offset declines in comparable store sales in the Barnes & Noble College Booksellers division of Barnes & Noble Education, leading to a 17.6% increase in sales at the company for the fiscal year ended April 28, 2018, over fiscal 2017.
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B&N Posted Loss of $125 Million on 6% Sales Drop in FY '18
Total sales at Barnes & Noble fell 6.0% in the fiscal year ended April 28, 2018, compared to fiscal 2017, and the retailer posted a net loss of $125.5 million last year, compared to net income of $22.0 million in fiscal 2017.
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Wiley Overcomes Soft Publishing Results to Finish FY18 Strong
Revenue fell 2% in John Wiley's publishing division in the fiscal year ended April 30, compared to fiscal 2017. However, increases in the company's other two groups led to a 5% increase in sales and a 16% gain in earnings for the entire company.
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Industry Stocks: May 2018 Performances
May was a quiet month for both the stock market and the Publishers Weekly Stock Index.
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Trade Segments Post Solid First Quarter Gains
Sales of adult trade books rose 5.2% in the first quarter of 2018 over the comparable period in 2017, according to preliminary estimates released by the AAP. Sales in the children's/young adult segment increased 5.9% over last year's first quarter.
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Fiscal 2018 Earnings Jump 82% at Educational Development Corp.
The big jump in profits came on a 6% increase in sales, with revenue reaching $112 million.
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After Strong Fiscal '18, Bloomsbury Sees Better Year Ahead
A 20% increase in its consumer group contributed to double-digit gains in sales and earnings at Bloomsbury for 2018. The U.K. house has ambitious plans for the current year, including an acceleration of its growth in the U.S.
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HBG Has 5.4% Sales Gain in Q1
Revenue at Hachette Book Group rose 5.4% in the first quarter ended March 31, 2018, over the comparable period last year, parent company Lagardère reported. Total sales for the Lagardère publishing group increased 0.4%, to 442 million euros.
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Sales, Earnings Up at HarperCollins
Strong backlist and digital audio sales led to a 6% increase in revenue in the quarter ended March 30, 2018 over the comparable period a year ago at HarperCollins and earnings rose 16%.
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Slowdown in Self-Publishing Drops Publishing Revenue at Salem
First quarter revenue fell 7.6% in Salem Media Group's publishing division which it attributed to a slowdown in author acquisitions in its self-publishing business.
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Thanks to Downloadable Audio, Publishers See Small Revenue Gain in 2017
Revenue from the more than 1,200 publishers who report sales to the AAP increased 0.4% in 2017 over 2016, rising from $14.65 billion in 2016 to $14.70 billion last year.
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Hudson Breaks Even in Q1
In its first quarterly filing since it went public earlier this year, the Hudson Group, parent company of Hudson Booksellers, said revenue rose 9.2% in the first quarter ended March 31.
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HMH Trade Has Small Q1 Sales Gain
HMH attributed the sales rise in the first quarter of 2018 in part to higher print titles sales, but a change in the product mix of sales—last year HMH sold lots of 'The Handmaid's Tale' and '1984' e-books—contributed to a slight rise in the quarterly net loss.
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Industry Stocks: April 2018 Performances
Although the stock market went through some wild gyrations in April, the Dow Jones Industrial Average finished the month only 2.5% higher than the start of April.
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S&S Has Earnings Gain in Q1
A 43% increase in digital audio sales in the first quarter of 2018 helped lift earnings 7% at Simon & Schuster over the first period in 2017.
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