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AAP StatShot Report On February 2012 Sales
Print sales for February continue to hold up with AAP’s Monthly StatShot reporting total adult sales up 6.9% over the same period February 2011 on sales of $437 million. Total Children/YA sales, however, were especially strong showing sales up 73% on sales of $170.9 million.
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More Questions on BAM Bid
More law firms have issued press releases announcing that they are investigating whether the Anderson family's $3.05 per share offer for Books-A-Million is a breach of fiduciary duty.
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Simon & Schuster Has Fast Start to 2012
Digital content sales rose 64% in the first quarter ended March 31 at Simon & Schuster, helping to lift total revenue 14%, to $176 million. Operating income before depreciation and amortization (and before impairment charges) rose 43%, to $10 million.
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Books-A-Million By the Numbers: April 2012
The recent story of the Books-A-Million bookselling chain in terms of sales and other figures.
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Mixed Start for McGraw-Hill Education
Revenue at McGraw-Hill Education declined 2%, to $296 million, in the first quarter ended March 31, but the operating loss was cut to $65 million from $75 million in last year’s first period, parent company McGraw-Hill Cos. reported this morning.
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Hedge Fund Takes 11% Stake in B&N
Jana Partners, described in various media reports as a hedge fund known for taking an activist role in companies in which it invests, acquired 6.59 million shares of Barnes & Noble, giving the firm an 11.6% stake in the company.
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Good and Bad News in Courier Second Quarter
Courier Corp. reported net income of $440,000 for the second quarter ended March 24 with sales virtually flat at $62.4 million. In last year’s second quarter a multimillion restructuring charge tied to the closing of its Stoughton, Mass. plant led to a loss of $4.8 million.
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AAP Monthly Statshot, January 2012
Print trade sales held up surprisingly well in January, according to AAP’s monthly sales report (now called Monthly StatShot), with all but the mass market paperback category reporting gains in the month from reporting companies helped by lower returns.
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Trade Sparks Big Quarter for Scholastic
Sparked by a strong performance in its trade group, total revenue at Scholastic rose 22% in the third fiscal quarter ended February 29, jumping to $467.0 million. Net loss in the quarter was cut to $3.2 million from $25.1 million in the comparable period in fiscal 2011.
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Sales Inch Up at Wiley, Earnings Jump
The morning after announcing that it was exploring the sale of the consumer assets in its Professional/Trade segment, John Wiley reported that sales in the P/T category fell 6% in the third quarter ended January 31. For the entire company, revenue rose 1% in the quarter, to $451.1 million, while net income increased 38%, to $62.9 million.
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Author Solutions Looks for A Buyer
Coming off of a year with sales of $99.8 million and net income of $4.2 million, representatives for Author Solutions Inc. are looking for a buyer for the self-publishing giant.
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Sterling Off the Block as B&N Weighs Future of Nook Biz
After receiving offers that were only one-quarter of the price Barnes & Noble paid for Sterling, Barnes & Noble has suspended the sale process as it prepares to make a final determination on whether or not to spin off its Nook business.
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Sales, Earnings Dip at Harlequin
Weakness in print sales in its Overseas markets led to a slight decline in revenue and earnings at Harlequin in 2011, parent company Torstar reported this morning. Revenue fell 1.9%, to C$459.4 million, and operating earnings were down 2.0%, to C$82.4 million.
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AAP Estimates: E-book Sales Rose 117% in 2011 as Print Fell
Despite slowing growth rates in the final quarter of 2011, e-book sales rose 117% for the year, generating revenue of $969.9 million at the companies that report sales to the Association of American Publishers. Sales in all trade print segments fell in the year, however.
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More Mixed Messages From B&N
In a conference call with analysts, Lynch said the retail stores are an “excellent business,” and Mitch Klipper, CEO of B&N’s retail group, said the company has been successful in getting lower rents when leases come up for renewal. In the next two to three years, two-thirds of B&N’s leases expire, Lynch noted, giving B&N the opportunity to further reduce rents.
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Sales, Earnings Up at Quarto
With sales in both its co-edition and publishing divisions showing gains, revenue at Quarto Group rose 5.5% in 2011 to $186.1 million. Adjusted pretax profits rose to $12.1 million from $11.5 million.
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Higher E-book Sales Boost Profits at Simon & Schuster
Total sales at Simon & Schuster slipped 1% in 2011, to $787 million, but adjusted operating income jumped 31% to $85 million.
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Investor Takes 5.4% Stake in B&N
The Austin, Tex.-based hedge fund Dimensional Fund Advisors has acculumated a 5.45% stake in Barnes & Noble.
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