and more.
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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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Scholastic Lowers Revenue, Profit Forecast for Fiscal 2019
Citing issues in its book fair and book club businesses in the fourth quarter ended May 31, 2019, Scholastic said it expects sales and earnings for fiscal 2019 to be below previous forecasts.
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Fiscal 2019 Results Up Educational Development Corp.
Net earnings rose 28.1% at EDC in the year ended February 28, 2019, over fiscal 2018, while sales increased 6.1%.
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Sales, Earnings Up at Bloomsbury in Fiscal 2019
Strong revenue gains in the U.K. publisher's academic and professional division offset declines in its children's trade group.
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Trade Sales, Earnings Up in Q1 at HMH
Led by higher licensing revenue, sales at HMH Books & Media rose 11.2% in the first quarter of 2019 over the comparable period in 2018. Sales of print books fell in the quarter.
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Earnings Jumped 29% in Q3 at HarperCollins
Strong sales of Christian books, backlist titles, and downloadable audiobooks led to a 29% increase in earnings at HarperCollins in the quarter ended March 31, 2019, over the comparable period last year.
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