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Sales Up at S&S, But Legal Costs Drop Earnings
Sales at Simon & Schuster rose 3%, to $189 million, in the second quarter ended June 30, but costs associated with lawsuits tied to the agency e-book pricing model led to a $10 million drop in operating income before depreciation & amortization with OIBDA falling to $9 million.
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Sales Down, Earnings Up at Harlequin; Raises E-book Royalty
Second quarter sales at Harlequin fell to C$107.0 million from C$110.3 million, but operating profit rose to C$18.0 million from C$16.3 million in last year’s second period, parent company Torstar reported this morning.
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The Weekly Scorecard: Tracking Print Book Sales for the Week Ending July 24, 2012
PW's weekly look at print books sales based on numbers from Nielsen BookScan.
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Amazon Picks Up Market Share
Amazon appears to have been the big winner in picking up former Borders customers. According to new figures from Bowker Market Research, Amazon’s share of book spending in the first quarter of 2012 was 29%, up from 23% in the comparable period in 2011. Barnes & Noble’s share of spending, in second place, rose to 20%, from 19%, with the gain coming from B&N’s stores as BN.com’s share of spending held even at 3%. In the first quarter of 2011, Borders held a 10% share of spending.
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Profits Fall 48% at Penguin on 4% Sales Decline
After several years of steady growth Penguin Group had a 4% decline in sales to £441 million, and a 48% drop in adjusted operating profit, to £22 million, in the first six months of 2012, parent company Pearson reported this morning.
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Sales Down, Earnings Up at McGraw-Hill Education
With the separation of McGraw-Hill Education from the rest of the company still on track to take place before the end of the year, McGraw-Hill Cos. this morning reported that for the second quarter ended June 30 sales at MHE declined 12%, to $474 million.
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Third Quarter Sales Off at Courier Corp.
Declines in both its publishing and manufacturing segments led to a 5% drop in total sales, to $58.9 million, at Courier Corp.
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Oxford University Press Posts Strong Results
It may still be a tough economy, but in its annual report released this week Oxford University Press posted strong growth. Globally, OUP saw a 10% growth in sales, with revenue of £695 million—that’s over $1 billion for the fiscal year ended March 31.
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The Weekly Scorecard: Tracking Print Book Sales for the Week Ending July 15, 2012
PW's weekly look at sales of print books based on numbers from Nielsen BookScan.
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After Great Year, Scholastic Tries For Encore
Fiscal 2012 was a good year made great by The Hunger Games,” Scholastic chairman Dick Robinson told analysts in a conference call last Thursday to discuss results in the year ended May 31, in which sales rose 14%, to $2.15 billion, and net income jumped from $39.4 million to $102.4 million. The big sales driver was the children’s book publishing and distribution group, where sales rose 21%, led by the 109% increase by the trade division, which reported that there are now more than 50 million copies of the Hunger Games trilogy out in print and digital editions.
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Industry Sales Pegged At $27.2 Billion
Total book sales fell 2.5% in 2011, to $27.2 billion, according to the latest figures released by BookStats. Revenue was down in three of the four major segments measured by BookStats—k–12, higher education, and professional/scholarly—and up slightly in trade.
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Hunger Games Filled Scholastic's Coffers in Fiscal 2012
Led by a 21% increase in revenue in its children’s book publishing & distribution group, sales at Scholastic rose 14% in the fiscal year ended May 31, rising to $2.15 billion, higher than forecast. Operating income jumped to $186.3 million from $104 million while net income rose to $102.4 million from $39.4 million.
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Book Sales Fell 2.5% in 2011
Total book sales fell 2.5% in 2011, to $27.2 billion, according to estimates released Wednesday by BookStats, the annual industry sales survey coordinated by the Association of American Publishers and Book Industry Study Group. Unit sales rose, however, up 3.4%, to 2.77 billion with the discrepancy due to higher sales of lower-priced e-books.
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The Weekly Scorecard: Tracking Print Book Sales for the Week Ending July 8, 2012
PW's weekly look at print book sales based on data from Nielsen BookScan.
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Without Amazon, Results Up at EDC
In its first full quarter since it decided to stop selling its titles through Amazon, Educational Development Corp. reported that sales for the period ended May 31 rose 5%, to $6.6 million, while net earnings increased 17%, to $350,200.
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E-books, Deals Highlight Bloomsbury First Quarter
In a brief report on results for its first quarter ended May 31, U.K.-based Bloomsbury said that e-book sales rose 70% in the period, offsetting a 2% decline in print sales.
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The Weekly Scorecard: Tracking Print Sales for the Week Ending July 1, 2012
Our weekly look at print book sales based on data from Nielsen BookScan.
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This Week's Bestsellers: July 9, 2012
Analysis and commentary on this week's PW Bestsellers lists.
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Big Six-Month Bounce for Industry Stocks
Led by big dollar gains at Amazon and Walt Disney Co., the Publishers Weekly Stock Index rose 16.7% in the first six months of 2012, almost triple the increase posted by the Dow Jones Industrial Average.
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The Weekly Scorecard: Tracking Print Sales for the Week Ending June 17, 2012
Our weekly look at print sales based on data from Nielsen BookScan.
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