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Sales, Earnings Up at HarperCollins
Strong backlist and digital audio sales led to a 6% increase in revenue in the quarter ended March 30, 2018 over the comparable period a year ago at HarperCollins and earnings rose 16%.
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Slowdown in Self-Publishing Drops Publishing Revenue at Salem
First quarter revenue fell 7.6% in Salem Media Group's publishing division which it attributed to a slowdown in author acquisitions in its self-publishing business.
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Thanks to Downloadable Audio, Publishers See Small Revenue Gain in 2017
Revenue from the more than 1,200 publishers who report sales to the AAP increased 0.4% in 2017 over 2016, rising from $14.65 billion in 2016 to $14.70 billion last year.
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Hudson Breaks Even in Q1
In its first quarterly filing since it went public earlier this year, the Hudson Group, parent company of Hudson Booksellers, said revenue rose 9.2% in the first quarter ended March 31.
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HMH Trade Has Small Q1 Sales Gain
HMH attributed the sales rise in the first quarter of 2018 in part to higher print titles sales, but a change in the product mix of sales—last year HMH sold lots of 'The Handmaid's Tale' and '1984' e-books—contributed to a slight rise in the quarterly net loss.
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Industry Stocks: April 2018 Performances
Although the stock market went through some wild gyrations in April, the Dow Jones Industrial Average finished the month only 2.5% higher than the start of April.
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S&S Has Earnings Gain in Q1
A 43% increase in digital audio sales in the first quarter of 2018 helped lift earnings 7% at Simon & Schuster over the first period in 2017.
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Amazon Reports Strong 2018 Q1
Even with sales in its online store rising only 18% in the first quarter of 2018 over the comparable period in 2017, total revenue at the company jumped 43% and earnings soared 92%.
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Trade Sales Fell in November
Sales in the adult trade segment fell 2.2% in November 2017 compared to a year ago, but were still up 2.9% in the first 11 months of the year. Children's/YA sales were down 8.2% in November and fell 3.0% for the first 11 months of the year.
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Sales, Earnings Drop at Quarto
Sales at the Quarto Group fell less than 1% in 2017 compared to 2016, and profit fell more substantially, declining 57.6% to $7.2 million.
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PRH Has Stable 2017
The negative impact of exchange rates led to a 3% decline in earnings at Penguin Random House last year compared to 2016, while acquisitions offset the impact of exchange rates on the top line.
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Scholastic Q3 Results 'On Track'
Sales at Scholastic rose in the third quarter over the comparable period a year ago, but higher investments and one-time charges led to a higher loss in the quarter. Still, the company raised its earnings per share forecast for the year.
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Regnery Posts Small Gains in 2017
Regnery Publishing had a small gain in sales and earnings in 2017 over 2016, but publisher Marji Ross said that with Sean Spicer's book set for release this summer the company is poised for a strong 2018.
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HBG Sales Rose 2.7% in 2017
Contributions from Perseus and its Nashville-based imprints helped lift sales at Hachette Book Group to about $761 million in 2017. Earnings also rose in the year.
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Sales Fall in Q3 at Wiley's Publishing Division
Revenue in John Wiley’s publishing division fell 1% in the third quarter ended January 31, compared to the same period a year ago.
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Canadian Educators Sue Copyright Organization
Canadian education ministries are suing Copyright Access to recoup $21.5 million they paid to the organization between 2010-2012 for materials used in K-12 classrooms. The head of one publishing group call the suit "a disturbing attack."
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Industry Stocks: February 2018 Performances
Three companies on the Publishers Weekly Stock Index whose stock prices have struggled in recent months posted the best gains in February.
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Adult Trade Saw Big Gains in October
Sales in the adult trade segment rose 25.8% over October 2016, according to AAP’s StatShot program. Sales of children's/young adult books in the period increased a more modest 3.5%.
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After Another Disappointing Quarter, B&N Unveils Turnaround Plan
Sales at the retailer fell again in the third quarter, down 5.3%. The slide prompted the creation of a four-pronged strategic plan that will require, as CEO Demos Parneros put it, "a significant multi-year transformation."
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HMH Trade Unit Posted a Profit in 2017
An 11.4% increase in revenue in the HMH trade division in 2017 over 2016 plus cost cuts resulted in net income of $2.0 million in the group last year compared to a loss of $7.0 million in 2016.
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