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Strong Trade Publishing Sales Drive Six-Month Gains at Bloomsbury
Sales were up 11% and profits increased 8% in the first half of the U.K.-based publisher's fiscal year. Sales in the U.S. were about $76 million, accounting for 46% of total revenue.
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Manga and Graphic Novels Are Keeping the Comics Biz Kicking
This year's ICv2 Insider Talks celebrated the 50th anniversary of the direct market sales channel, even as it acknowledged graphic novels—and particularly manga—as the primary driver for growth in the comics business today, and by a significant margin.
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Publishing Industry Sales Rebounded in August
Following a July slump, book sales were up 8.5% in August at the 1,233 publishers that supply data to AAP’s StatShot program.
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Hachette Book Group Reports Third Quarter Revenue Dip
CEO Michael Pietsch said the 5.2% decline was attributable to "a lighter publication schedule" compared to the same period last year and "a downward trend" in the overall publishing market.
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Lower Trade Sales, Book Club Reorg Dent Scholastic Results
Lower trade book sales and costs associated with the creation of its new School Reading Events business resulted in an operating loss in the quarter at Scholastic.
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Publishing Industry Sales Slumped in July
Book sales fell 10.9% in July at the 1,233 publishers that supply data to AAP’s StatShot program. Sales of adult books dropped 4.6%, and children's/young adult book sales declined 10.7%.
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B&NE Has a Hopeful First Quarter
Barnes & Noble Education reported a 3.7% increase in sales in the quarter ended July 29, which the company took as a sign that its new First Day programs are being embraced by more students—and the first step back toward profitability.
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Costs Cut into Profits at Big Publishers
In the first half of 2023, publishers struggled to keep expenses down, with multiple companies citing higher costs as the major reason margins shrank in the first six months of 2023.
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A Slimmer Quarto Group Sees Sales and Earnings Fall
The combination of its decision to streamline its business and softer industry sales resulted in revenue at Quarto Group falling 16% in the first half of 2023, to $52 million.
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After Six Turbulent Months, Penguin Random House Profits Increase Slightly
Despite a tumultuous first half of 2023 that included major buyouts and some layoffs, sales at Penguin Random House rose 9.5% in the first six months of 2023.
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Publishing Sales Inched Up In First Half of 2023
Double-digit sales gains in higher education course materials offset a 1% decline in sales of trade books, resulting in a 1.2% increase in sales in the first six months of 2023 at the publishers who report data to AAP.
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Murray Looks to Improve On a 'Difficult' Fiscal 2023 at HarperCollins
Sales at HarperCollins fell 10% and earnings tumbled 45% in the fiscal year ended June 30, 2023. CEO Brian Murray acknowledged that 2023 was challenging, but said most of the factors that led to the declines have eased and he expects a better fiscal 2024.
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Amazon Has Improved Second Quarter
Total Amazon sales rose 11% in the second quarter, with the company returning to profitability. Online sales lagged, increasing 4%.
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B&N Education Gets a Liquidity Lifeline
The country's largest operator of college and high school stores reached agreements with different lenders to give it more financial flexibility, helping to avert the possibility of the company closing.
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Hachette Book Group Has Soft First Half of 2023
Sales at Hachette Book Group fell 8.6% in the first six months of 2023 compared to the first half of 2022, parent company Lagardère reported. Sales for all of Lagardère Publishing rose 2.5%, but profits dropped 16%.
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Book Fairs Boost Scholastic Results in Fiscal 2023
In a week filled with bad book business news and a down year for the children's book market, Scholastic nonetheless delivered a generally upbeat financial report for its latest fiscal year—thanks in no small part to the company's booming book fair business.
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Publishing Industry Sales Were Flat in May
A 14.1% decline in May in the children's/YA segment was offset by gains in sales of adult books and college course materials, leading to total sales in the month holding even with 2022.
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B&N Education Faces More Financial Pressures
The country's largest operator of college bookstores said that if it doesn't improve its financial position soon, it could issue a warning about its chances of staying in business.
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Religion Book Sales Fell 6% in 2022
Final industry estimates from the AAP show that sales of religious books fell 6% in 2022 from 2021, dropping to $1.27 billion last year from $1.35 billion in 2021. Digital audiobooks and hardcover sales fell 42% and 9.5%, respectively.
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Publishing Industry Sales Fell 7.6% in April
Publishing industry sales couldn't keep up the pace in April, with all segments of the business but higher education suffering declines in the month.
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