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Earnings Up at HC in Q1, Despite Sales Decline
First quarter earnings for the period ended September 30, rose 14% over the comparable quarter a year ago at HarperCollins, although revenue dropped 5%.
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Industry Stocks: October 2016 Performances
CBS, parent company of Simon & Schuster, was the only company on the Publishers Weekly Stock Index to have an increase in its stock price in October.
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Trade Unit Bright Spot for HMH
Sales in Houghton Mifflin Harcourt's trade division rose 5.9% in the the third quarter ended September 30, 2016 compared to a year ago. With sales in the education group down, total revenue at HMH dropped 7% in the quarter.
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Sales, Earnings Rise at S&S in Q3
Revenue increased 11% in the third quarter of 2016 at Simon & Schuster, while and earnings rose by $1 million, to $44 million.
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Despite Big Earnings Gain, Amazon Disappoints in Q3
Operating income rose 42% in the third quarter of 2016, over last year, but the increase was less than analysts had been expecting. Total sales rose 29%.
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EDC Faces Falling Profits in Q2, As It Invests to Meet Demand
Although Educational Development Corp. saw its revenue soar in the last 18 months—in Q2 sales jumped 105%—investments made to meet rising demand led to a decline in profit in the quarter.
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AAP Reports Uptick in Trade Sales for May
Sales of adult trade books rose 8.9% this May, over May 2015, according to figures released by the Association of American Publishers in its StatShot program.
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Industry Stocks: September 2016 Performances
The Publishers Weekly Stock Index increased 5.9% in September, but that gain was due almost entirely to the jump in the share price of Amazon, which rose $68.15 to close the month 8.9% ahead of its price at the end of August.
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'Cursed Child' Drives Big Gains in Scholastic's Trade Group
Sales of 'Harry Potter and the Cursed Child' helped add almost $70 million to Scholastic’s trade division in the quarter ended August 31, and drove a 104% jump in revenue in the company’s children’s book publishing and distribution group.
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Trade Book Sales Down in Q1 of 2016
According to figures released by the AAP's StatShot program, sales of adult books fell 10.3% and sales of children's/YA titles fell 2.1%, compared to the same period last year.
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Sales at B&N Down Over 6% in Q1
In its first earnings release since firing CEO Ron Boire last month, Barnes & Noble reported that sales fell 6.6% in its first quarter of 2017, which ended July 30.
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Sales of Print Books Tumble at Wiley
Sales of print books took a beating at John Wiley in the first quarter ended July 31. The biggest decline was in the higher education segment, where sales of printed textbooks dropped 31%.
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Industry Stocks: August 2016 Performances
The Publishers Weekly Stock Index inched up 0.5% in August, besting the Dow Jones Industrial Average, which had a 0.2% dip in the month. However, without the $10.35-per-share increase posted by Amazon, the PWSI would have fallen 2.4%. There were five winners and five losers in the month.
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The Weekly Scorecard: Tracking Unit Print Sales for Week Ending August 28, 2015
PW's weekly look at print book sales powered by Nielsen Bookscan.
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A Rough Six Months for Big Book Publishers
In the first half of 2016, five major publishers all saw sales drop.
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Sales, Earnings Fell by Double-Digits at PRH
A decline in e-book sales plus the lack of a mega-bestseller led to sales and earnings both falling by just over 10% at Penguin Random House in the first six months of 2016.
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Indigo Posts More Sales Gains
First quarter sales at the Canadian chain rose 4.4% led by strong comp store sales improvement.
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Quarto Has Good First Half Results
Helped by solid contribution from its U.S. division, revenue at Quarto Group rose 8% in the first half of 2016 over the comparable period in 2015.
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Sales, Earnings Dropped at HC in Fiscal 2016
HarperCollins posted a strong fourth quarter, but sales for the fiscal year ended June 30, 2016 fell 1% from fiscal 2015 and earnings declined 16%.
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Industry Stocks: July 2016 Performances
With eight of the 10 companies listed on the Publishers Weekly Stock Index posting increases in their stock prices in July, the PWSI rose 5.8% in the month, beating the 2.8% increase turned in by the Dow Jones Industrial Average.
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