and more.
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Wiley Overcomes Soft Publishing Results to Finish FY18 Strong
Revenue fell 2% in John Wiley's publishing division in the fiscal year ended April 30, compared to fiscal 2017. However, increases in the company's other two groups led to a 5% increase in sales and a 16% gain in earnings for the entire company.
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Industry Stocks: May 2018 Performances
May was a quiet month for both the stock market and the Publishers Weekly Stock Index.
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Trade Segments Post Solid First Quarter Gains
Sales of adult trade books rose 5.2% in the first quarter of 2018 over the comparable period in 2017, according to preliminary estimates released by the AAP. Sales in the children's/young adult segment increased 5.9% over last year's first quarter.
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Fiscal 2018 Earnings Jump 82% at Educational Development Corp.
The big jump in profits came on a 6% increase in sales, with revenue reaching $112 million.
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After Strong Fiscal '18, Bloomsbury Sees Better Year Ahead
A 20% increase in its consumer group contributed to double-digit gains in sales and earnings at Bloomsbury for 2018. The U.K. house has ambitious plans for the current year, including an acceleration of its growth in the U.S.
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HBG Has 5.4% Sales Gain in Q1
Revenue at Hachette Book Group rose 5.4% in the first quarter ended March 31, 2018, over the comparable period last year, parent company Lagardère reported. Total sales for the Lagardère publishing group increased 0.4%, to 442 million euros.
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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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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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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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