In a brief financial update, the Quarto Group reported that third quarter revenue for the period ended September 30, 2014, rose to $54.5 million, from $54.2 million in the comparable quarter in 2013.
Excluding revenue from companies sold over the last year, sales rose 5.3%. In Quarto’s publishing group, sales were up 4.8%, to $41.6 million, while sales in the books and gifts direct segment rose 13.5%. Revenue excludes sales from divested companies.
For the first nine months of 2014, total revenue was down slightly, falling to $120.1 million from $126.3 million.