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Despite Big Earnings Gain, Amazon Disappoints in Q3
Operating income rose 42% in the third quarter of 2016, over last year, but the increase was less than analysts had been expecting. Total sales rose 29%.
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EDC Faces Falling Profits in Q2, As It Invests to Meet Demand
Although Educational Development Corp. saw its revenue soar in the last 18 months—in Q2 sales jumped 105%—investments made to meet rising demand led to a decline in profit in the quarter.
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AAP Reports Uptick in Trade Sales for May
Sales of adult trade books rose 8.9% this May, over May 2015, according to figures released by the Association of American Publishers in its StatShot program.
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Industry Stocks: September 2016 Performances
The Publishers Weekly Stock Index increased 5.9% in September, but that gain was due almost entirely to the jump in the share price of Amazon, which rose $68.15 to close the month 8.9% ahead of its price at the end of August.
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'Cursed Child' Drives Big Gains in Scholastic's Trade Group
Sales of 'Harry Potter and the Cursed Child' helped add almost $70 million to Scholastic’s trade division in the quarter ended August 31, and drove a 104% jump in revenue in the company’s children’s book publishing and distribution group.
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Trade Book Sales Down in Q1 of 2016
According to figures released by the AAP's StatShot program, sales of adult books fell 10.3% and sales of children's/YA titles fell 2.1%, compared to the same period last year.
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Sales at B&N Down Over 6% in Q1
In its first earnings release since firing CEO Ron Boire last month, Barnes & Noble reported that sales fell 6.6% in its first quarter of 2017, which ended July 30.
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Sales of Print Books Tumble at Wiley
Sales of print books took a beating at John Wiley in the first quarter ended July 31. The biggest decline was in the higher education segment, where sales of printed textbooks dropped 31%.
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Industry Stocks: August 2016 Performances
The Publishers Weekly Stock Index inched up 0.5% in August, besting the Dow Jones Industrial Average, which had a 0.2% dip in the month. However, without the $10.35-per-share increase posted by Amazon, the PWSI would have fallen 2.4%. There were five winners and five losers in the month.
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The Weekly Scorecard: Tracking Unit Print Sales for Week Ending August 28, 2015
PW's weekly look at print book sales powered by Nielsen Bookscan.
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A Rough Six Months for Big Book Publishers
In the first half of 2016, five major publishers all saw sales drop.
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Sales, Earnings Fell by Double-Digits at PRH
A decline in e-book sales plus the lack of a mega-bestseller led to sales and earnings both falling by just over 10% at Penguin Random House in the first six months of 2016.
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Indigo Posts More Sales Gains
First quarter sales at the Canadian chain rose 4.4% led by strong comp store sales improvement.
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Quarto Has Good First Half Results
Helped by solid contribution from its U.S. division, revenue at Quarto Group rose 8% in the first half of 2016 over the comparable period in 2015.
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Sales, Earnings Dropped at HC in Fiscal 2016
HarperCollins posted a strong fourth quarter, but sales for the fiscal year ended June 30, 2016 fell 1% from fiscal 2015 and earnings declined 16%.
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Industry Stocks: July 2016 Performances
With eight of the 10 companies listed on the Publishers Weekly Stock Index posting increases in their stock prices in July, the PWSI rose 5.8% in the month, beating the 2.8% increase turned in by the Dow Jones Industrial Average.
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Regnery Has Mixed Second Quarter
Second quarter revenue rose but earnings dropped in Salem Media Group's publishing division, home to Regnery Publishing. After the quarter, Salem reported that it the bought assets of Hillcrest Media, which provides services to self-publishers.
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Trade Sales Up at HMH, But Profit Dips
Revenue in Houghton Mifflin Harcourt’s trade publishing segment rose 3.2% in the second quarter ended May 31, 2016 over the comparable period in 2015. Adjusted EBITDA fell to $322,000 from $412,000 in the second quarter of 2015.
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PRH Had 'Solid' First Half, Pearson Says
Pearson, which has a 47% stake in Penguin Random House, reported that Increased benefits from the integration of Penguin and Random House offset "reduced demand" for e-books.
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HBG Reports Earnings Jump Despite Sales Drop
Sales for the first six months of 2016 fell 6.6% at Hachette Book Group compared to the first six months of 2015, but earnings rose 180%.
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