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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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EDC Coping with Growing Pains
Problems associated with keeping pace with Educational Development Corp.'s rapid sales growth over the last two years has led to a backlog of orders and a doubling of inventory levels.
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Reported Trump Spending Cuts Would Kill NEH, NEA
In an effort to shrink federal bureaucracy by cutting spending, President-elect Donald Trump and his administration reportedly intend to eliminate the National Endowments for the Humanities and the Arts.
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The Weekly Scorecard: Tracking Unit Print Sales for Week Ending January 8, 2017
Unit sales of print books declined 5% in the week ended Jan. 8, 2017, compared to the similar week in 2016, at outlets that report to Nielsen BookScan.
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Industry Stocks Were Mixed in 2016
In a boom year for the stock market, which included a 13.4% gain for the Dow Jones Industrial Average, the Publishers Weekly Stock Index rose 11%.
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Holiday Comp Sales Fell 9% at B&N
With store traffic failing to significantly improve after the election, Barnes & Noble's sales did not meet expectations over the holiday period.
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A Dull Holiday Season?
Without a hot book or hot category—like last year's adult coloring book phenomenon—unit sales of print books have fallen 6% since Thanksgiving compared to the same period in 2015.
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'Cursed Child' Boosts Kids' July Sales
The July publication of 'Harry Potter and the Cursed Child' helped raise sales in the children's/young adult segment 31.1% in July over a year ago. July sales of adult books fell.
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