and more.
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Scholastic Sees Sales, Profits Fall in Second Quarter
Lower sales in the company's trade group, due mainly to the timing of the publication of some of its biggest books, was the major factor in dropping second quarter results. For the full fiscal year, Scholastic still expects revenue to increase between 4% and 6% over fiscal 2024.
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Book Publishing Sales Increased 8% in October
With four categories posting double-digit gains, October sales at the 1,279 publishers that report data to Association of American Publishers’s StatShot program rose 8.3% over last October.
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The Folio Society Had Big Gains in Fiscal 2024
Helped by increased demand for well-crafted books, U.K.–based Folio reported that sales in fiscal 2024 rose 16%, while profits jumped 137%. The U.S. accounted for over 50% of the company’s sales in the year.
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B&NE Sees Profits Rise in Second Quarter
A sales increase in its First Day program and more cost cuts led to net income doubling at Barnes & Noble Education in the quarter ended in October 2024.
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Wiley Looks Ahead After a Solid Second Quarter
With its divesture program behind it, the company reported solid increases in its ongoing research and learning groups in the second quarter of fiscal 2025.
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Publishing Industry Sales Rose 7% Through September
The 7% increase in the first nine months of 2024 came despite a modest 2.4% increase in September at the publishers who report to AAP's StatShot program. Strong showings in the religion and adult fiction categories drove the nine-month gains.
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Profits, Sales Up at WH Smith in Fiscal 2024
North America, especially U.S. airport stores, is becoming a major growth engine for the U.K.-based bookstore chain. Sales in North America rose 9% in fiscal 2024, to £401 million.
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Digital Sales Drive Gains at HarperCollins
Led by digital audiobooks, sales at HarperCollins rose 4% in the quarter ended September 30 over the comparable period a year ago, and profits jumped 25%. 'Hillbilly Elegy' by J.D. Vance sold 1.5 million copies in the quarter.
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Amazon Expects a Strong Finish to 2024
Third quarter results exceeded expectations at Amazon, and the company expects a strong fourth quarter, forecasting that total sales will rise between 7% and 11% over last year’s final period, to as much as $188.5 billion.
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Book Publishing Sales Stayed Hot in August
In the adult trade segment, total sales were up nearly 12% for the month over 2023 at publishers that report to the Association of American Publishers’ StatShot Program. Religious presses were up a hefty 47.4%, and digital audio showed a 38.8% increase.
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