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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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Amazon Steams Ahead
Total revenue at Amazon rose 31% in the second quarter of 2016 and profits jumped.
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S&S Profits Up But Sales Slip
Second quarter revenue fell 6.0% at Simon & Schuster compared to the second period of 2015, but operating income rose 4.0%.
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Trade Sales Mixed in February
Sales of adult books fell again in February, while sales in the children's/young adult category rebounded, according to figures released Tuesday by the AAP.
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Scholastic Posts Solid Fiscal 2016 Results
Led by a 14% increase in revenue in its trade division, total sales at Scholastic rose 2% in the fiscal year ended May 31, 2016 over fiscal 2015.
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EDC Has Another Record Quarter
Revenue jumped 137% in the first quarter ended May 31, over the comparable period last year, at Educational Development Corp.
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Publishing Sales Dipped in 2015
Final estimates released this morning by the Association of American Publishers show that total industry sales dipped 0.6% in 2015 compared to 2014, falling to $27.78 billion, from $27.96 billion in 2014.
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At Bankruptcy Hearing, Hastings Finds Some Hope
Wednesday, at a hearing in its bankruptcy proceedings, the retailer won a short extension in the amount of time it has to find a buyer.
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