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HC Earnings Rise 7% in Q2 on 1% Sales Gain
The positive impact of currency fluctuations, plus higher backlist sales in its children's division, led to a 1% revenue rise at HarperCollins this past quarter.
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Industry Stocks: January 2018 Performances
The Publishers Weekly Stock Index dipped 1.5% in January, substantially underperforming compared to the Dow Jones Industrial Average, which rose 5.8%.
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Amazon Sales Soared in 2017
Amazon's revenue in 2017 jumped 31% over 2016, but operating income fell 2%. The company sees more huge sales gains in the first quarter of 2018, but no earnings increase.
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Publishing Revenue at IDW Fell in Fiscal 2017
IDW Media reported that sales in its publishing group fell 12.1% in fiscal 2017 compared to fiscal 2016, but that it expects improved results in the current year.
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'Worst Is Behind,' Says Federation of European Publishers
Members of the Federation of European Publishers sold $28 billion worth of books in 2016, the same as 2015, signaling that the industry has finally stabilized following the uncertainty of the 2008 financial crash.
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A Record Year for Publishing Stocks—With a Caveat
A year that found four of the 10 companies on the PW Stock Index seeing double-digit stock price increases also saw Barnes & Noble and other big names struggle.
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Adult Trade Sales Dipped in August
Sales of adult books slipped 0.3% in August in 2017 compared to a year ago, while sales in the children’s/young adult segment rose 2.9% in the month.
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Scholastic Q2 Sales, Earnings Fall
Scholastic second quarter results held no surprises: sales and earnings fell compared to a year ago due to the lack of a new Harry Potter title.
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Acquisitions Lift Q2 Results at B&N Education
As sales from textbooks continued to decline in Barnes & Noble Education's second quarter ended October 28, 2017 compared to a year ago, two purchases made in the calendar year boosted sales and earnings.
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Riggio Ups B&N Stake
Following Barnes & Noble's disappointing financial performance for the second quarter ended October 28, 2017, company chairman Len Riggio bought 1 million shares of company stock, raising his stake in B&N to 19.3%.
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B&N Has Disappointing Second Quarter
In the second quarter of fiscal 2018, sales at Barnes & Noble dropped 7.9% compared to a year ago and its loss widened to $30.1 million from $20.4 million in last year's second quarter. Book sales, however, were a bright spot.
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Units Drop 3% In Thanksgiving Week
Print unit sales were down 9% to mass merchandisers, and off 1% in the retail and club channel, in the Thanksgiving week.
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Soft July for Trade Sales
Sales in the children’s/young adult segment fell 36.8% in July, compared to same period a year ago, according to figures release by the AAP. The decline is due, in large part, to the fact that July 2017 did not see a hit like July 2016, when 'Harry Potter and the Cursed Child' was dominating bestseller lists.
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Q3 Sales Dip at HBG
Sales at Hachette Book Group fell 2.8% in the third quarter ended September 30, but were still up 2.2% for the first nine months of 2017.
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Publishing Sales Down at Salem Media
Third quarter sales in Salem Media Group's publishing division, which includes Regnery Press and two self-publishing businesses, fell 20.7%, compared to the third quarter of 2016.
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Sales, Earnings Rise at HarperCollins
Revenue at HarperCollins rose 3% in the quarter ended September 30, compared to the same quarter a year ago. Earnings at the publisher, according parent company News Corp, increased 4%.
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Quarto Says Profits Will Miss 2017 Target
The Quarto Group issued its second profit update of 2017, stating this morning that despite improved sales in the second half of the year, the publisher’s pre-tax profits will be “significantly lower than board expectations.”
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Industry Stocks: October 2017 Performances
Led by big gains for three companies, the Publishers Weekly Stock Index rose 12.2% in October.
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Print, Audio Drive Gains at S&S in Q3
Simon & Schuster saw sales of print books post gains while sales of downloadable audio rose about 25% in the third quarter ended September 30, 2017. E-book sales fell again.
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With Strong Q3, HMH Trade Sales Continue to Roll
Sales in the period for Houghton Mifflin Harcourt's trade group rose 11.7%, over the comparable period in 2016. The publisher said the gain was thanks, in large part, to a jump in sales of both print and digital books. Sales in HMH's education segment fell by $6 million.
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