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Perseus Beat Expectations in Fiscal 2012, Steinberger Says
For the fiscal year ended June 30, 2012, the Perseus Books Group exceeded its financial goals while continuing to invest in the future, CEO David Steinberger wrote to the publisher’s 675 employees in a letter summarizing highlights of the year.
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Educational Development Corp. Posts Modest Gains
Sales for the second quarter ended August 31 inched up at Educational Development Corp. from $5.4 million to $5.5 million, while net income rose to $138,200 from $126,200 in the comparable period in 2011.
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Trade Sales Rose 13% in January-June Period, AAP Says
Trade sales for the first six months of 2012 rose 13.1%, to $2.33 billion, according to figures released this morning by the Association of American Publishers as part of its StatShot program. Total industry sales were up 4.4% in the period, to $5.79 billion.
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E-books Grab 16% Share of Canadian Book Purchases
E-books accounted for about 16% of Canadian book purchases in the first half of 2012, a new survey commissioned by BookNet Canada found.
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Spotlight on Book-Buying Behavior September 2012
In the fourth quarter of 2011, e-books were 29% of fiction unit sales, compared to 12% in the final quarter of 2010, according to Bowker’s new study, “2012 U.S. Book Consumer Demographics & Buying Behaviors Annual Review.” The 17-point increase was easily the largest jump among all major book categories in the quarter.
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First Quarter Sales Fall at Scholastic
Sales and earnings fell in the first quarter ended August 31 at Scholastic, but the publisher said it still expected to meet its financial projections for the full fiscal year. In the quarter, sales declined 7.7%, to $293.6 million, and its net loss increased to $32.1 million from $27.1 million in the comparable period in fiscal 2012.
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The Weekly Scorecard: Tracking Print Book Sales for the Week Ending September 9, 2012
PW's weekly look at print book sales based on numbers from Nielsen BookScan.
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Slow Start for Wiley
Results were slightly weaker than expected in the first quarter of fiscal 2013 at John Wiley, but company executives still expect to meet full year forecasts, company CEO Steve Smith said.
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Trade Sales Up in May
The trade segments had another good month in May, although rather than the children’s/YA category leading the charge it was adult books where sales, helped by the Shades of Grey trilogy, rose 19.5%, according to AAP’s Monthly StatShot figures.
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The Weekly Scorecard: Tracking Print Book Sales for the Week Ending August 26, 2012
PW's weekly look at print book sales based on numbers from Nielsen BookScan.
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Grey Delivers the Green for Random House
Fifty Shades of Grey helped bookstores enjoy one of their strongest summers in a number of years and the trilogy delivered in a big way for publisher Random House which this morning reported that sales for the first six month of 2012 rose 20%, to 947 million euros, while operating EBIT jumped 64% to 113 million euros.
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Six-Months Profits Fall at Lagardere Publishing
Total revenue at Lagardere Publishing was roughly flat in the first six months of 2012, but EBIT fell 20%, to 57 million euros.
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The Weekly Scorecard: Tracking Print Book Sales for the Week Ending July 19, 2012
PW's weekly look at print book sales based in data from Nielsen BookScan.
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The Weekly Scorecard: Tracking Print Book Sales for the Week Ending August 12, 2012
PW's weekly look at print book sales based on numbers from Nielsen BookScan.
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Revenue, Profits Rise at U.K.'s Quarto Group
London-based International publisher the Quarto Group reported overall revenues for the six months ended June 30 were $73.2 million, up 1% from the same period in 2011; and operating profit was $3.9 million, up 6% from the $3.7 million reported last year.
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A Down Quarter for Reader's Digest
Reader’s Digest continues to struggle to turnaround its various businesses in the digital age. In the second quarter ended June 30, sales fell 22.5% to $290.5 million and the company had a net loss of $93.9 million, a figure that includes a $113.4 million impairment charge.
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Legal Costs Hurt HarperCollins Earnings
With parent company News Corp. reporting fourth quarter and fiscal 2012 results Wednesday, HarperCollins issued a statement saying it had “a strong fourth quarter.” Excluding legal fees associated with the lawsuits around the agency e-book pricing model, HC said earnings were up for both the quarter and the year.
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Trade Sales Up in April
Sales of adult fiction and nonfiction rose 9.6% in April at the publishers that report to AAP's StatShot statistics program.
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Market Watch: Industry Stock, July 2012 Performances
With seven losers and seven winners, the Publishers Weekly Stock Index rose a modest 0.7% in July, just below the 1.0% gain recorded by the Dow Jones Industrial Average.
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The Weekly Scorecard: Tracking Print Book Sales for the Week Ending July 31, 2012
PW's weekly look at print book sales based on numbers from Nielsen BookScan.
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