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Scholastic Completes Solid Fiscal 2014
Total revenue at Scholastic rose 2% in the fiscal year ended May 31, 2014, to $1.82 billion, and operating income fell 7% to $63.1 million.
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A Loss for Amazon
Amazon sales in the second quarter rose 23%, to $19.34 billion, in line with analysts' expectations, but the net loss of $126 million was deeper than expected.
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Monthly StatShot, March 2014
The first quarter of 2014 was a mixed period for the book industry, based on sales reports from the 1,218 publishers that take part in AAP’s StatShot program.
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E-book Sales Rose 4% in First Quarter
Trade e-book sales rose 4.3% in the first quarter of 2014 to $387.9 million, according to AAP's monthly StatShot report.
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First Quarter Results Jump at EDC
Revenue at Educational Development Corp. rose 20%, to $7.2 million, in the first quarter ended May 31, 2014 compared to the first period of fiscal 2014. Earnings in the period jumped to $239,700 from $66,600 in last year's first quarter.
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PWSI Down 10.2% In 2014 to Date
Amazon is receiving lots of bad press in its dispute with Hachette Book Group, but executives and investors are likely more concerned that its stock price has been slipping since the beginning of the year.
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The World's 56 Largest Book Publishers, 2014
International wheeling and dealing has had little impact on the standing of the world's largest publishers.
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Industry Sales Flat in 2013; Trade Dropped 2.3%
Industry sales were just about flat in 2013, falling by less than 1%, to $27.01 billion, from $27.12 billion in 2012.
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AAP, BISG End BookStats Agreement
BookStats, the statistics program formed out of agreement between the Association of American Publishers and the Book Industry Study Group, will not have a fifth year, at least not in its present form.
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Sales, Earnings Up in Fiscal '14 at Wiley
John Wiley & Sons reported that revenue for the fiscal year ended April 30, 2014 rose 1%, to $1.78 billion, and operating income increased 4% to $206.7 million.
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Sales Up at EDC, Earnings Fall
Revenues at Educational Development Corp. rose 2% in the fiscal year ended February 28, 2014, hitting $26.1 million, although accounting items dropped net earnings to $357,600 from $802,900 in fiscal 2013.
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Industry Stocks: May Performances
Both the Publishers Weekly Stock Index and the Dow Jones Industrial Average eked out lackluster gains of 0.8% in May.
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Source Interlink to Close
As reported by "Folio," the nation's number two magazine distributor is shutting down.
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Flat Quarter for Books-A-Million
Revenue at Books-A-Million inched up 0.2% in the first quarter ended May 3, 2014, to $103.8 million, compared to the year earlier period.
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Sales Rise, Earnings Dip at Bloomsbury
Revenue at U.K.-based Bloomsbury rose 11% in the fiscal year ended February 28, 2014, to £109.5 million, compared to the previous year. Operating profit dipped to £7.7 million from £7.8 million.
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First Quarter Sales Slipped at Lagardere
First quarter sales at Lagardère Publishing fell 6.2%, to 393 million euros compared to the first period ended March 31, 2013.
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AAP Monthly Statshot, January 2014
Led by a 65.1% increase in e-book sales, January sales jumped 43.7% in the children’s/young adult category compared to January 2013, according to figures in AAP’s StatShot program.
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For Publishers, A Quiet Start to 2014
In an unusual occurrence, last week five companies with significant trade publishing operations all reported results for the three months ended Mar. 31, 2104.
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HMH Trade Posts Small Loss in Quarter
Sales in Houghton Mifflin Harcourt’s trade publishing division fell 20% in the first quarter of 2014 compared to the first period of 2013.
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Profits Jump 83% at HarperCollins
EBITDA rose 83% at HarperCollins for the third quarter of fiscal 2014, which ended March 31.
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