and more.
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Trade Books Post Good February Sales
Sales of adult trade books rose 6.6% in February over February 2018 after slumping in January, while sales of children/young adult books had a second consecutive month of good sales increases, according to the AAP.
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Book Sales Flat at Hudson in 2018
While sales in Hudson Group's literature category dropped 5% in 2018 compared to 2017, book sales were about flat with 2017. Hudson operates about 60 bookstores in airports and sells books in another 500 of Hudson's 1,082 locations.
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Sales, Earnings Rose at PRH in 2018
Revenue at Penguin Random House rose 1.9% in 2018 over 2017 and earnings increased 1.3%. PRH global CEO Markus Dohle said he expects to see more gains in 2019 due in part to more increases in digital audio sales and expanding global book markets.
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Scholastic Q3 Revenue Boosted by Trade Group
Revenue rose 4% at Scholastic in the third quarter of fiscal 2019 over the comparable period a year ago, but higher costs caused the publisher to say its earnings for the full year will come in at the lower end of its forecast.
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Adult Trade Sales Down in January, Kids' Up
Sales of adult trade books fell 7.3% in January compared to the first month of 2018, according to the AAP’s StatShot program. Sales in the children’s/young adult category rose 4.3%.
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Profits Fell at Lagardère Publishing in 2018, But Rose at HBG
Earnings at Lagardère Publishing fell 9.6% in 2018 compared to 2017, but increased at its U.S. subsidiary, Hachette Book Group, where sales were up 3.7%.
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F+W Media Files Chapter 11, Will Sell Assets
A failed attempt to shift the magazine and book publisher's business to an e-commerce model has led F+W to sell both its books division, which has revenues of $22 million, and It's communities group, which had sales of almost $68 million.
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Quarto Bottomline Improves Despite Sales Dip
In a year in which it replaced both its chairman and CEO and sold or closed a number of divisions, the Quarto Group reported that revenue in 2018 fell 2% from 2017. The company’s bottomline improved as adjusted profit rose to $10.3 million from $7.2 million a year ago.
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B&N Q3 Sales Flat, Comps Rise 1.1%
Total revenue at B&N in the third quarter ended January 26, 2019 was flat at $1.23 billion as retail sales rose 0.3% and Nook revenue fell 21%. Comparable sales were up 1.1%, but earnings fell slightly.
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Traditional Book Business Drags Down Wiley in Q3
In the Wiley publishing segment, the company reported that educational publishing revenue dropped 23% compared to last year’s third quarter, while STM and professional publishing revenue fell 20%. Overall sales for the company dropped 1%.
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