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B&N Reports Falling Sales in Fiscal 2017 Report
The country's largest book chain said sales dropped 6.5% in the fiscal year, ended April 29. Barnes & Noble reported lower losses in its Nook division, however, which led to a jump in operating income.
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AAP's First Report on 2016 Shows Sales Down
The industry sales report for 2016 found that total sales for the industry fell 6.6%, compared to 2015. Based on sales from 1,207 companies that report to AAP, total sales last year were $14.25 billion, down from $15.26 billion in 2015.
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Print Books Weak Spot for Wiley in Fiscal 2017
Declines in John Wiley’s publishing segment offset increases in its research and solutions categories in the fiscal year ended April 30. Sales of books fell 11% in the year.
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EDC Looks for Stability After Turbulent Year
Despite posting record revenues and a 35% increase in net earnings in the fiscal year ended February 28, Educational Development Corp. faced numerous challenges in 2017, including the inability to keep up with customer demand.
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Sales Rose 15% at Bloomsbury in 2017
Led by strong gains in its children’s publishing division, revenue at Bloomsbury rose 15% in the fiscal year ended February 28, 2017 over fiscal 2016. Profits slipped, however, dropping to £9.4 million from £10.3 million in fiscal 2016.
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'True Jesus' Lifts Regnery Sales in Q1
Sales at Regnery jumped 48.9% in the first quarter ended March 31, largely thanks to the strong sales of David Limbaugh's 'The True Jesus.'
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Q1 Sales Up at Hachette Book Group
Sales rose 4.1% at HBG in the first quarter ended March 31, 2017 over the same period in 2016. The revenue gain was due to solid sales in HBG's Center Street division.
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Sales, Earnings Up in Q3 at HarperCollins
Revenue at the publisher rose 4% in the third quarter of fiscal 2017, to $374 million. Earnings increased 3%, to $37 million.
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Industry Stocks: April 2017 Performances
With the stock prices of five companies falling in April and another five rising, the Publishers Weekly Stock Index rose 3.3% in the month.
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HMH Trade Reports Improved Q1
Just days after laying off over 20 people in its trade division, Houghton Mifflin Harcourt reported that revenue in the division rose 16% in the first quarter ended March 31.
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Sales, Earnings Rise at S&S in Q1
Revenue at Simon & Schuster rose 11% in the first quarter ended March 31, 2017 over the comparable period a year ago, while operating income increased 8%.
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Revenue From Retail Products Up, in Q1, at Amazon
Sales of retail products at Amazon rose 15% in the first quarter of 2017 over the comparable period last year. Among the many items sold in the sector are print and digital books.
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Adult, Kids' Sales Rose in November
Sales in the adult trade category increased 6.8% in November over a year ago, and sales in the children’s/young adult category jumped 16.2%, according to the AAP.
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Amazon's Stock Price Soars in Q1 2017
With an 18% increase in Amazon's stock price for Q1 2017 over Q4 2016, the tech giant posted the largest gains of the companies tracked in the PW Stock Index.
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Despite Upswing in Sales, Quarto Reports Loss in 2016
A one-time charge associated with the sale of Quarto's Books & Gifts Direct business resulted in an operating loss for the company in 2016, but sales and profits in its core publishing operations rose.
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Sales, Earnings Fell at PRH in 2016
The lack of a mega-bestseller was one factor in the 9.6% drop in revenue at Penguin Random House in 2016; earnings in the year fell 3.6% compared to 2015. Operating margins, however, improved to 16.0% in 2016, up from 15.0% in 2015.
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Scholastic Has Third Quarter Loss on Lower Sales
Revenue at the company fell 8.1% in the third quarter, ended February 28. The publisher reported a $15.4 million net loss in the quarter, up from $9.0 million a year ago.
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Adult Book Sales Fell, Kids Books Rose in October
Sales of adult trade books fell 13.1% in October compared to October 2015, while sales in the children’s/young adult segment rose 1.9%.
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'March' Led Sales Rise at IDW Publishing
Continued strong sales of 'March' helped to drive a 19% increase in revenue in the first quarter ended January 31, 2017, in IDW Media's publishing division.
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Profits Rose at Lagardere, HBG in 2016
Profits rose 5.0% at Lagardere Publishing in 2106 over 2015, helped by strict cost controls at Hachette Book Group USA which integrated the publishing arm of Perseus Books Group during the year.
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