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Print Unit Sales Inched up in Late February
Unit sales of print books rose 0.9% in the week ended Feb. 22, 2020, over the comparable week in 2019, at outlets that report to NPD BookScan.
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Earnings Up, Sales Dipped at HBG
Profits rose at Hachette Book Group last year over 2018 despite a 1% decline in revenue. The earnings increase was attributed to improved operating efficiencies in the year, along with higher sales of digital audiobooks.
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HMH Books & Media Had Down 2019
Revenue at Houghton Mifflin Harcourt Books & Media fell 9.9% in 2019, to $180.0 million, and the division had a net loss of $8.1 million, compared to net income of $2.4 million in 2018. A decline in licensing income was cited as the main reason for the sales drop.
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Print Unit Sales Up Slightly in Mid-February
With both adult categories posting small increases, unit sales of print books increased 1.4% in the week ended Feb. 15, 2020, over the comparable week in 2019.
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Pearson Earned £65 Million In Profits from Its PRH Stake in 2019
Pearson’s 25% stake in Penguin Random House earned the company £65 million in operating profit in 2019. Pearson has sold its 25% share of PRH to Bertelsmann in a deal expected to generated net proceeds of $675 million when the transaction closes.
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Sales, Earnings Down in 2019 at S&S
A tough fourth quarter where earnings were hurt by, among other factors, the tariffs on books manufactured in China contributed to a 7% drop in profits in 2019 at Simon & Schuster. Revenue in the year fell 1%.
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Unit Sales Down 3.2% in Early February
Unit sales of print books fell 3.2% in the week ended Feb. 8, 2020, compared to the similar week in 2019, at outlets that report to NPD BookScan.
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AAP Monthly StatShot: November
Sales of adult books from publishers reporting to AAP’s BookStats program fell 27% in November 2019 compared to the year before, and dropped 23.8% in the children’s/YA segment.
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Print Unit Sales Head into February on a High Note
Book sales finished January strong, with print units up 5.6% in the week ended Feb. 2, 2020, over the comparable week in 2019, at outlets that report to NPD BookScan.
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Sales, Earnings Fall by Double Digits at HC in Q2
Revenue dropped 11% in the second quarter of fiscal 2020 at HarperCollins compared to one year ago and earnings fell 28%, parent company News Corp reported.
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Trade Publishing Had Poor November
The adult and children/young adult segments had large sales declines in November 2019 compared to the year before. Despite the bad November, sales of children/YA titles were up 5.2% in the first 11 months of 2019, although sales of adult books were down 3.3%.
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Print Unit Sales Post Big End of January Gain
The week ended Jan. 25, 2020, was a good one for selling books, with print unit sales rising 8% over the week ended Jan. 26, 2019, at outlets that report to NPD BookScan.
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The Weekly Scorecard: Mid-January 2020
Print Unit Sales Up 3% in Mid-January
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The Weekly Scorecard: January 2020
Print Unit Sales Up 2.5% in First Full Week of January
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Sales Up, Earnings Slip in Q3 at EDC
Revenue at Educational Development Corp. inched ahead 0.8% in the third quarter ended November 30, 2019, over the comparable period a year ago. Net income fell 2.8%, to $2.7 million.
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Children/YA Sales Rose, Adult Sales Fell in October
Sales in the children/young adult category increased 20.9% in October over October 2018, while sales of adult books fell 3.7%, according to AAP's StatShot program.
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Print Unit Sales Fell 1.3% in 2019
A dip in adult nonfiction puts an end to a streak of small annual gains in total sales.
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Print Unit Sales Dropped 3.7% After Christmas
The first full shopping week after Christmas, which ran from December 29, 2019, through January 4, 2020, saw unit sales of print books fall 3.7% compared to the similar week in 2010 at outlets that report to NPD BookScan.
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B&NE Appoints Financial Adviser
Barnes & Noble Education hired Morgan Stanley to serve as its financial adviser as it looks for ways to increase shareholder value in a fast-changing college material market.
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Publishing Stocks Fell in 2019
After beginning 2019 with 10 companies, the Publishers Weekly Stock Index was down to only eight members at the close of the year, losing Barnes & Noble and Simon & Schuster. The remaining companies saw their combined stock price decline by 9%.
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