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EDC Looks for Stability After Turbulent Year
Despite posting record revenues and a 35% increase in net earnings in the fiscal year ended February 28, Educational Development Corp. faced numerous challenges in 2017, including the inability to keep up with customer demand.
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Sales Rose 15% at Bloomsbury in 2017
Led by strong gains in its children’s publishing division, revenue at Bloomsbury rose 15% in the fiscal year ended February 28, 2017 over fiscal 2016. Profits slipped, however, dropping to £9.4 million from £10.3 million in fiscal 2016.
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'True Jesus' Lifts Regnery Sales in Q1
Sales at Regnery jumped 48.9% in the first quarter ended March 31, largely thanks to the strong sales of David Limbaugh's 'The True Jesus.'
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Q1 Sales Up at Hachette Book Group
Sales rose 4.1% at HBG in the first quarter ended March 31, 2017 over the same period in 2016. The revenue gain was due to solid sales in HBG's Center Street division.
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Sales, Earnings Up in Q3 at HarperCollins
Revenue at the publisher rose 4% in the third quarter of fiscal 2017, to $374 million. Earnings increased 3%, to $37 million.
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Industry Stocks: April 2017 Performances
With the stock prices of five companies falling in April and another five rising, the Publishers Weekly Stock Index rose 3.3% in the month.
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HMH Trade Reports Improved Q1
Just days after laying off over 20 people in its trade division, Houghton Mifflin Harcourt reported that revenue in the division rose 16% in the first quarter ended March 31.
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Sales, Earnings Rise at S&S in Q1
Revenue at Simon & Schuster rose 11% in the first quarter ended March 31, 2017 over the comparable period a year ago, while operating income increased 8%.
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Revenue From Retail Products Up, in Q1, at Amazon
Sales of retail products at Amazon rose 15% in the first quarter of 2017 over the comparable period last year. Among the many items sold in the sector are print and digital books.
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Adult, Kids' Sales Rose in November
Sales in the adult trade category increased 6.8% in November over a year ago, and sales in the children’s/young adult category jumped 16.2%, according to the AAP.
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Amazon's Stock Price Soars in Q1 2017
With an 18% increase in Amazon's stock price for Q1 2017 over Q4 2016, the tech giant posted the largest gains of the companies tracked in the PW Stock Index.
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Despite Upswing in Sales, Quarto Reports Loss in 2016
A one-time charge associated with the sale of Quarto's Books & Gifts Direct business resulted in an operating loss for the company in 2016, but sales and profits in its core publishing operations rose.
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Sales, Earnings Fell at PRH in 2016
The lack of a mega-bestseller was one factor in the 9.6% drop in revenue at Penguin Random House in 2016; earnings in the year fell 3.6% compared to 2015. Operating margins, however, improved to 16.0% in 2016, up from 15.0% in 2015.
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Scholastic Has Third Quarter Loss on Lower Sales
Revenue at the company fell 8.1% in the third quarter, ended February 28. The publisher reported a $15.4 million net loss in the quarter, up from $9.0 million a year ago.
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Adult Book Sales Fell, Kids Books Rose in October
Sales of adult trade books fell 13.1% in October compared to October 2015, while sales in the children’s/young adult segment rose 1.9%.
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'March' Led Sales Rise at IDW Publishing
Continued strong sales of 'March' helped to drive a 19% increase in revenue in the first quarter ended January 31, 2017, in IDW Media's publishing division.
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Profits Rose at Lagardere, HBG in 2016
Profits rose 5.0% at Lagardere Publishing in 2106 over 2015, helped by strict cost controls at Hachette Book Group USA which integrated the publishing arm of Perseus Books Group during the year.
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Print Sales Down at Wiley in Q3
Sales of higher education textbooks fell 27% at John Wiley in the third quarter ended January 31, compared to the third period of fiscal 2016. Sales of STM and professional books fell 12%.
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Industry Stocks: February 2017 Performances
The Publishers Weekly Stock Index had a good February, rising 2.3% compared to 4.8% for the Dow Jones Industrial Average. Some of the biggest losers in January were among the biggest winners in February.
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Disappointing Holiday Sales Contribute to B&N's Down Q3
Barnes & Noble reported an 8.0% decline in third quarter sales. The retailer said that, with trends softening, it was lowering its revenue and earnings projections for the fiscal year ending in April.
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