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AAP Numbers Show Drop in Book Sales for May
Book sales fell 1.6% in May, to $1.09 billion, compared to the same month last year. However, sales rose 2.3%, to $4.29 billion, for the first five months of the year, as compared to same period in 2013, according to the AAP’s monthly StatShot program.
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Sales Up, Earnings Down at Wiley
John Wiley reported that revenue for the first quarter ended July 31, 2014 rose 6.6%, to $437.6 million, while net income fell to $33.6 million from $35.9 million in the first quarter of fiscal 2014.
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Industry Stocks: August Performances
With stock prices rising at eight companies and falling at five, the Publishers Weekly Stock Index rose 5.5% in August, beating the increase in the Dow Jones Industrial Average by more than two percentage points.
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For Major Publishers, A Not-So-Profitable Six Months
Publishers remained profitable in the first six months of this year, but margins slipped at four of the six major companies that report financial results, compared to the first half of 2013.
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Children's Led PRH in First Half of 2014
Penguin Random House posted total revenue of 1.46 billion euros in the first half of 2014 and operating EBITDA of 159 million euros.
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HMH Trade Group Down in Second Quarter
Sales in the Houghton Mifflin Harcourt trade group fell 5% in the second quarter ended June 30, 2014, and the unit had an operating loss of $1.7 million.
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Quarto Results Off in First Half of 2014
Revenue at U.K.-based illustrated book publisher Quarto Group fell 3% in the first half of 2014, falling to $65.6 million. Operating profit dipped to $2.8 million from $3.0 million in the first six months of 2013.
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Simon & Schuster Second Quarter Sales Rise 12%
S&S reported a 12% rise in revenue in the second quarter of 2014, credited the growth to such print bestsellers as Hillary Clinton's 'Hard Choices' and Stephen King's 'Mr. Mercedes.'
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Harper Posts Big Earnings Jump
HarperCollins finished a strong fiscal 2014 that ended June 30 with a 5% increase in revenue to $1.4 billion, while EBITDA jumped 39% to $197 million.
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Chegg & Ingram Form Strategic Alliance
As part of its transition to become a pure digital business, the higher education learning platform is partnering with Ingram on print textbooks.
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Mixed Quarter for Courier
Courier Corp. reported that revenue in the third quarter ended June 28, 2014 rose 5%, to $67.7 million. Net income slipped to $1.1 million, from $1.7 million in last year’s third quarter.
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Industry Stocks: July Performers
With a large decline on the last day of the month, the Dow Jones Industrial Average fell 1.6% in July, and the overall market weakness contributed to a 3.6% decline for the Publishers Weekly Stock Index.
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HBG Sales Rise 5.6% Despite Amazon’s 'Punitive' Actions
Despite its dispute with Amazon, in the first six months of 2014 Hachette Book Group revenue rose 5.6% over sales in the first half of 2013.
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Harlequin Results Down; Sale to Close in Days
With Harlequin’s sale to HarperCollins expected to be completed before the end of the week, the publisher reported a decline in sales and earnings in the second quarter of 2014.
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Kids' Drive Penguin Random House
Pearson said that it booked adjusted operating profit of 18 million pounds for its 47% stake in Penguin Random House compared to 28 million pounds in the first six months of 2013.
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Scholastic Completes Solid Fiscal 2014
Total revenue at Scholastic rose 2% in the fiscal year ended May 31, 2014, to $1.82 billion, and operating income fell 7% to $63.1 million.
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A Loss for Amazon
Amazon sales in the second quarter rose 23%, to $19.34 billion, in line with analysts' expectations, but the net loss of $126 million was deeper than expected.
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Monthly StatShot, March 2014
The first quarter of 2014 was a mixed period for the book industry, based on sales reports from the 1,218 publishers that take part in AAP’s StatShot program.
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E-book Sales Rose 4% in First Quarter
Trade e-book sales rose 4.3% in the first quarter of 2014 to $387.9 million, according to AAP's monthly StatShot report.
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First Quarter Results Jump at EDC
Revenue at Educational Development Corp. rose 20%, to $7.2 million, in the first quarter ended May 31, 2014 compared to the first period of fiscal 2014. Earnings in the period jumped to $239,700 from $66,600 in last year's first quarter.
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