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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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Print Sales Down at Wiley in Q3
Sales of higher education textbooks fell 27% at John Wiley in the third quarter ended January 31, compared to the third period of fiscal 2016. Sales of STM and professional books fell 12%.
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Industry Stocks: February 2017 Performances
The Publishers Weekly Stock Index had a good February, rising 2.3% compared to 4.8% for the Dow Jones Industrial Average. Some of the biggest losers in January were among the biggest winners in February.
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Disappointing Holiday Sales Contribute to B&N's Down Q3
Barnes & Noble reported an 8.0% decline in third quarter sales. The retailer said that, with trends softening, it was lowering its revenue and earnings projections for the fiscal year ending in April.
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Adult Trade Sales Slipped in First Nine Months of 2016
Sales of adult trade books fell 1.6% in the first nine months of 2016 compared to the same period in 2015, according to figures released by the AAP as part of its StatShot program. Sales of children’s and young adult books increased 4.9% in the same period.
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PRH Gives Pearson Profit of 129 Million Pounds
Despite a decline in sales at Penguin Random House in 2016, the world's largest trade publisher delivered 129 million pounds in operating profit to its parent company, Pearson. The sum marks a 43% increase over its profit contribution from 2015.
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Trade Division Bright Spot in Bad Year for HMH
Sales in Houghton Mifflin Harcourt's trade division rose 0.7% in 2016 over 2015, but revenue for the entire company fell 3% and its net loss jumped. Company executives promised to cut costs in 2017.
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Sales Slipped, Profits Rose in 2016 at S&S
Revenue for the year at Simon & Schuster was $767 million, down 1.8% from 2015. Operating income increased 4.4%, to $119 million.
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Perseus Purchase Boosts Lagardère 2016 Revenue
Total revenue at Lagardère Publishing rose 2.6% in 2016, to 2.26 billion euros. The increase includes a 70 million euro ($74.6 million) contribution from the Perseus Books Group publishing division, which Hachette Book Group acquired in March.
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Profits Jump at HarperCollins
Second quarter earnings rose 32% at HarperCollins,to $75 million, on a revenue gain of 4%.
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IDW Publishing Sales Slipped in Fiscal 2016
Revenue in the IDW publishing group fell 2.3%, to $27.9 million, in the fiscal year ended October 31, 2106. Revenue for all of IDW Media Holdings rose 32.2% in the year.
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Industry Stocks: January 2017 Performances
The Publishers Weekly Stock Index rose 6.5% in January, as the share prices at five companies rose, while prices fell at another five.
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Canadian Print Book Sales Fell 3.6% in 2016
Sales of print books fell 3.6% last year compared to 2015, dropping to $753.4 million, according to figures released this week by BookNet Canada. Print units were off 6.4% as Canadians continued to do more of their book buying online.
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Adults Sales Rose in August But Slipped for Kids
Sales of adult trade books rose 10.3% in August over August 2015, but sales of children’s/young adult titles slipped 1.3%, according to figures released by the Association of American Publishers as part of its StatShot program.
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