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Scholastic Second Quarter Results Fall
The negative impact of foreign exchange was a key factor in dropping revenue at Scholastic in Q2. For the period ended November 30, compared to the same stretch a year ago, revenue fell to $601.8 million, down from $611.1 million.
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Earnings Down at B&N Education on Small Sales Gain
Second quarter net income fell 9.5% at Barnes & Noble Education on a 0.6% increase in revenue. Comp sales fell 3.0%.
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Bad Quarter for Wiley
Revenue at John Wiley dropped 9%, to $433.4 million, in the second quarter ended October 31, 2015, and net income decreased 19%, to $43.6 million.
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Sales at BN.com Fell 22%
Due in part to problems with its relaunch in the summer, sales at BN.com fell 22% in the second quarter of fiscal 2016 compared to the same period in fiscal 2015, Barnes & Noble reported.
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Industry Stocks: November Performances
With seven of the 13 companies on the Publishers Weekly Stock Index posting increases in their stock price in November, the PWSI rose 4.7% in the month, easily beating the gain in the Dow Jones Industrial Average which had only a 0.3% increase.
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B&N Reports Disappointing Second Quarter
Total sales fell 4.5% at Barnes & Noble in the second quarter ended Oct. 31, 2015 compared to the same period last year and the net loss from continuing operations rose to $27.2 million from $5.1 million.
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Sales, Losses Inch Up at Books-A-Million
Led by adult coloring books, third quarter sales at Books-A-Million rose 0.4%, but the loss increased to $7.1 million from $6.9 million in last year's third period.
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Trade Sales Up in July
Sales from reporting publishers to AAP's StatShot program increased 10.9% in the month compared to July 2014 in the adult book category, while sales in the children’s/young adult segment rose 11.5%.
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Soft E-book Sales Underscore Down HBG Results
Revenue at Hachette Book Group USA fell 4.2% in the third quarter of 2015. Parent company Lagardere blamed the drop in part on lower e-book sales and a stronger publication schedule in the same period in 2014.
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Q3 Down at HMH Trade Group
Sales at Houghton Mifflin Harcourt’s trade publishing division fell 7% in the third quarter ended September 30, 2015 and net income dropped to $164,000 from $3.5 million in the third quarter of 2014.
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Earnings Tumble at HarperCollins
Lower e-book sales were the major factor in the publisher's rough financial quarter, which ended September 30. In the period, HC saw its EBITDA drop by 24%. Although sale rose slightly, they would have been down without the purchase of Harlequin.
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Sales, Earnings Up at Simon & Schuster
Revenue at the Big Five house increased 2% in the third quarter, rising to $203 million. Bestselling adult titles in the quarter included 'The Survivor' by Vince Flynn and Kyle Mills, and this year's Pulitzer Prize-winner for fiction, Anthony Doerr's 'All the Light We Cannot See.'
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Six Months Sales Up at Bloomsbury, But Earnings Dip
Revenue at Bloomsbury Publishing rose 13% in the six months ended August 31, 2015 compared to the same period a year ago, but pretax profit dipped to £342,000 from £509,000.
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Amazon Beats Third Quarter Estimates
Amazon did better than analysts had been expecting in the third quarter, posting net income of $79 million while total sales jumped 23% to $25.4 billion.
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Bestsellers Offset Weak E-book Sales at Penguin Random House
A number of big bestsellers helped to offset 'weaker' e-book sales in the third quarter, Pearson reported.
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AAP Monthly Statshot, June 2015
Sales in the adult trade segment were up 3.1% in the first six months of 2015 over 2014, while sales of children’s/young adult books fell 12.3% in the same period, according to figures released by the Association of American Publishers‘ StatShot program.
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EDC Second Quarter Sales Jump 85%
Led by a 152% jump in sales in its home business division, total revenue at Educational Development Corp. rose 85% in the second quarter ended August 31, 2015 over last year’s second period.
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Adult Trade Sales Up in Six Months, Kids Down
Sales in the adult trade segment were up 3.1% in the first six months of 2015 over 2014, while sales of children’s/young adult books fell 12.3% in the same period, according to figures released by the Association of American Publishers StatShot program.
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Industry Stocks: September 2015 Performances
The Publishers Weekly Stock Index slipped 2.5% in September, a slightly worse performance than the Dow Jones Industrial Average, which dipped 1.5% in the month.
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Lackluster First Quarter for Scholastic
Revenue for the first quarter ended August 31 inched up 0.3%, to $191.2 million, over the first period of fiscal 2015 at Scholastic. The net loss increased to $49.4 million from $34.1 million a year ago.
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