and more.
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B&NE Show Modest Improvement in Q2
Textbook sales were flat in the quarter ended October 30, 2021 compared to a year ago at Barnes & Noble Education and overall revenue at the company rose 5.3% over a soft back-to-school period last year.
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K-12 Segment Drives Publishing Gains in September
Sales of K-12 materials rose 35.2% in September and were up 32.7% for the first nine months of the year, offsetting declines in several other publishing areas, including adult trade. The K-12 segment was the big driver for industry sales through the first nine months of 2021, rising 32.7%. Through the January-September period, industry sales rose 12.4% at companies that report to AAP.
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Regnery Had Small Q3 Sales Gain
Regnery Publishing had a small sales increase in the third quarter, while Salem Author Services had a 27% jump in self-publishing fees, leading to a 5.6% increase in revenue, to $5.7 million, at Salem Media's publishing group.
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Indigo Sees 16% Sales Hike in Second Quarter
Indigo Books & Music reported revenue of C$238.8 million in the period ended October 2, 2021, a 16% hike over the same period in 2020. With the increase in revenue, Indigo reported net earnings in the period of C$3.5 million, compared with a net loss of C$17.5 million a year ago.
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Trade Segments Had Double-Digit Gains in August
The trade publishing segment continues to perform well in 2021, with August sales up 15.1% in the adult category and ahead 21.8% in the children’s/young adult segment at publishers that report results to the Association of American Publishers’ StatShot program.
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HMH Purchase Boosts HarperCollins Results
A $50 million contribution from its purchase of the Houghton Mifflin Harcourt trade division and higher backlist sales were two of the key drivers in increasing sales at HarperCollins by 19%, and profits by 20%, in the quarter ended August 31.
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S&S Has Stellar Third Quarter
Despite working in something of a state of limbo caused by its pending purchase by Penguin Random House, Simon & Schuster had a solid first half of 2021, and the good results carried into the third quarter, with sales rising 15% and profits jumping 66%.
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July Publishing Sales Were Solid
With most categories posting increases, sales at the 1,158 publishers that report results to the Association of American Publishers’ StatShot program rose 6.9% in July over July 2020.
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Amazon Growth Slows, Costs Jump
Amazon has seen huge gains in sales and profits since the pandemic began, but growth in the third quarter was a modest 15%. The company is spending billions to cope with supply chain issues and labor shortages.
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HBG Sales Fell 9% in Q3
Third quarter sales fell 9% at Hachette Book Group for the period ended August 31, 2021, contributing to a 1.2% drop in total sales for Lagardère's publishing group. Despite the quarterly decline, sales for the first nine months of 2021 were up 9% over a year ago for the entire publishing division.
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