and more.
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Print Unit Sales Rose 2% in First Half of 2018
With unit sales of print books rising 4% in the adult nonfiction segment—the industry’s largest major category—total unit sales for the first half of 2018 increased 2% over the comparable period in 2017 at outlets that report to NPD BookScan.
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OUP Reports Financial Dip in Fiscal 2018
Oxford University Press has reported a slight decline in revenue and net profit for the fiscal year ended March 31, 2018, compared to fiscal 2017.
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Acquisitions Boost Sales at B&N Education
Acquisitions offset declines in comparable store sales in the Barnes & Noble College Booksellers division of Barnes & Noble Education, leading to a 17.6% increase in sales at the company for the fiscal year ended April 28, 2018, over fiscal 2017.
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B&N Posted Loss of $125 Million on 6% Sales Drop in FY '18
Total sales at Barnes & Noble fell 6.0% in the fiscal year ended April 28, 2018, compared to fiscal 2017, and the retailer posted a net loss of $125.5 million last year, compared to net income of $22.0 million in fiscal 2017.
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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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