and more.
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Industry Sales Rose in January
Sales from publishers who report data to the AAP's StatShot program rose 3.7% in January over January 2019. The impact of the new coronavirus on sales will be reflected in March results.
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Financial Results Varied for Publishers in 2019
Even disregarding the negative impact the new coronavirus will have on the U.S. economy this year, America’s largest publicly traded publishers had a challenging 2019.
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Sales, Earnings Rose 6% at PRH, but Dohle Warns of Virus Impact
Revenue at Penguin Random House rose to €3.64 billion last year and earnings increased to €561 million. CEO Markus Dohle noted that despite the record year, the spread of the coronavirus means adjustments to the business are forthcoming.
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Virus Will Lower Scholastic's Q4 Results
The widespread school closings caused by the new coronavirus will mean disruptions to Scholastic's book fair, book club, and educational businesses in the quarter ended May 31, company chairman Dick Robinson reported.
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Print Unit Sales Fell 10% Last Week
Unit sales of print books fell 10% for the week ended March 14 compared to the previous week, according to NPD BookScan. The juvenile nonfiction category was the only segment in which sales rose last week.
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Industry Sales Posted Small Gain In 2019
Sales of adult trade books fell 2.7% in 2019 compared to 2018, while sales in the children/young adult segment rose 6.8%, according to AAP’s StatShot program.
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StatShot: Publishing Sales Rose 1.8% in 2019
Industry sales rose 1.8% in 2019 over 2018 at the 1,361 publishers who report sales to AAP's StatShot program. Sales of adult books fell 2.7% in 2019 compared to 2018, while sales in the children/young adult segment rose 6.8%.
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Print Units Fell 4% at the End of February
Unit sales of print books had one of their worst weeks so far in 2020 in late February. Units fell 4% in the week ended Feb. 29, 2020, compared to the week ended Mar. 2, 2019, at outlets that report to NPD BookScan.
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Wiley Posts Q3 Gains in Sales, Earnings
For the quarter ended January 31, 2020, John Wiley reported that revenue rose 4% over last year’s third quarter, to $467.1 million, and net income increased 1.4%, to $35.4 million.
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Print Unit Sales Inched up in Late February
Unit sales of print books rose 0.9% in the week ended Feb. 22, 2020, over the comparable week in 2019, at outlets that report to NPD BookScan.
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