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Quarto on Track in 2019
The Quarto Group accomplished its three major goals during the first six months of 2019: company revenue was stabilized, operating losses were cut, and debt was reduced to $65 million, from $73.2 million in the first half of 2018.
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Regnery Sales Rose in Q2
Book sales rose by $400,000 in the second quarter of 2019 over the comparable period a year ago at Regnery Publishing, the publisher's parent company, Salem Media, reported. Sales for all of Salem's publishing division rose 3.7% in the period.
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Profits Rise 6% at HarperCollins in Fiscal 2019
With all of its major divisions posting sales gains in fiscal 2019, HC saw earnings hit $253 million last year, from $239 in fiscal 2018. Sales were $1.75 billion.
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S&S Posts Gains in Sales, Profits in Q2
Higher sales of print books and digital audiobooks drove revenue and profit gains in the first quarter of 2019 at Simon & Schuster, and the same scenario played out for the second quarter, as sales rose to $218 million and profits reached $33 million in the period.
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LSC Sales Fell in Q2, Loss Deepened
LSC Communications reported that second quarter revenue fell 7.7%, to $869 million, and the company had a net loss of $24 million, compared to earnings of $8 million in the second quarter of 2018.
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HMH Has Strong Sales in Q2
Revenue at Houghton Mifflin Harcourt Books & Media unit rose 8% over the second quarter of 2018, while revenue in its education division increased 9%.
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Quad Posts Q2 Net loss on Lower Revenue
Roughly a week after it announced it was cancelling its planned purchase of LSC Communications due to objections from the Department of Justice, Quad reported that second quarter sales fell 1.2% compared to a year ago. It had a net loss of $14.7 million.
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Amazon Q2 Results: 20% Revenue Jump, Smaller Profit Increase
The tech giant had second quarter revenue of $63 billion, while net income rose to $2.6 billion from $2.5 billion in last year's second quarter.
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Sales Dipped, Profits Rose in First Six Months at HBG
Revenue at Hachette Book Group fell 1.5% in the first half of 2019 compared to a year ago, but profits were up.
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Scholastic's Earnings Take Big Hit in Fiscal 2019
Scholastic cited a host of factors for a 55% decline in operating income in the fiscal year ended May 31, 2019. Revenue rose 2% in the year.
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EDC Has First Quarter Decline in Sales and Earnings
Total revenue at Educational Development Corp. dropped 8% in the first quarter of fiscal 2020, to $27.6 million, from the comparable period a year ago. Earnings, meanwhile, fell from $1.8 million a year ago to $1.3 million.
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Audiobook Sales Jumped 24% in 2018
Publishers’ sales of audiobooks rose 24.5% in 2018 over 2019, reaching $940 million, according to the recent sales survey sponsored by the Audio Publishers Association. Digital audio accounted for 91% of sales.
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Print Units Fell 1.9% in the First Half of 2019
With print unit sales of adult fiction falling 5.1% in the first half of 2019 compared to the same period in 2018, overall units dropped 1.9% in the period.
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AAP: Adult Sales Dipped in April, Rose for Kids'
Sales of adult trade books fell 4.4% in April. Despite the decline, adult trade sales were up 0.5% over the first four months of 2018. In the children/young adult category, April sales increased 6.7% and were up 9.1% over the first four months of 2018.
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B&N Education Grapples with Changing College Market
Sales at Barnes & Noble Education fell 7.7% in the fiscal year ended April 27, 2019 compared to fiscal 2018 as the company continue to shift its business model to one that relies more heavily on digital delivery of content.
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Industry Sales Fell 1.6% in 2018
The AAP, in its annual report, found that, in 2018, sales declines in the education and professional segments offset gains in trade, resulting in a 1.6% drop in total revenue for the year.
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Book Comps Fell 3.9% at B&N in Fiscal 2019
In its 10-K filing with the SEC, Barnes & Noble reported that comparable store sales of books fell 3.9% in fiscal 2019 compared to fiscal 2018. Non-book categories did better, with comp sales up 1.9%.
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B&N Posts a Profit in Fiscal 2019 Despite Sales Decline
The bookseller managed to post net income of $3.8 million for the fiscal year ended April 27, compared to a loss of $125.5 million in fiscal 2018, despite a 3.0% revenue decline compared to its last fiscal year.
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Adult Trade, Kids' Sales Up in First Quarter
Sales of adult trade books rose 2.4% in the first quarter of 2019, over the comparable period in 2018, while sales in the children/young adult category increased 9.7%.
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Wiley Has Lackluster Fiscal 2019 Results
A 7% sales decline in its publishing business offset gains in John Wiley's solutions division and a small gain in research, leading to a 1% sales increase in fiscal 2019 over 2018. Operating income fell 3%.
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