and more.
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Profits Double at EDC
Net earnings at Educational Development Corp. rose to $1.2 million in the quarter ended May 31, 2107 over the comparable period a year ago. Sales were up 20%.
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Scholastic Results Rose in Fiscal 2017
Revenue at the publisher rose 4% in fiscal 2017 over the previous year, and operating income increased 17%. In announcing its latest financial results, the company also unveiled a program called Scholastic 2020, which aims to drive long term improvement in operating income.
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B&N Education Results Rose in Fiscal 2017
The company reported sales of $1.87 billion in the fiscal year ended April 29, 2017, an increase of 3.7% over fiscal 2016. Full year net income was $5.4 million, as compared to $0.1 million in the prior year period.
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The Sky’s the Limit for Amazon’s Stock
The rise in Amazon’s stock price drove up the Publishers Weekly Stock Index by nearly 28% in the first six months of 2017. Without Amazon, the index would have fallen 5.4%.
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French Publishing Sales Rose 4.25% in 2016
A change in the curriculum at schools gave France's book business a boost in 2016, while its new minister of culture, a former publisher, is addressing lingering challenges, including the regulation of online bookselling.
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Print Units Up 3% in First Half of 2017
Unit sales of print books rose 3% for the first six months of 2017 compared to the first half of last year at outlets that report to NPD BookScan.
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Quarto Hopes for Better Second Half
In an announcement released yesterday in the U.K, the Quarto Group said it will report lower than expected results for the first half of 2017, but that it expects business to improve in the second half of the year.
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B&N Reports Falling Sales in Fiscal 2017 Report
The country's largest book chain said sales dropped 6.5% in the fiscal year, ended April 29. Barnes & Noble reported lower losses in its Nook division, however, which led to a jump in operating income.
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AAP's First Report on 2016 Shows Sales Down
The industry sales report for 2016 found that total sales for the industry fell 6.6%, compared to 2015. Based on sales from 1,207 companies that report to AAP, total sales last year were $14.25 billion, down from $15.26 billion in 2015.
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Print Books Weak Spot for Wiley in Fiscal 2017
Declines in John Wiley’s publishing segment offset increases in its research and solutions categories in the fiscal year ended April 30. Sales of books fell 11% in the year.
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