and more.
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With No Potter, Sales Plunged at Scholastic in Q1
A 52% decline in Scholastic's children’s book publishing group was blamed on the absence of a major bestseller. In fiscal 2017, the publisher's sales were driven by 'Harry Potter and the Cursed Child,' which was released during the first quarter of last year.
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AAP Reports Downturn in Trade Sales for April 2017
Due to declining e-book sales and a major drop-off in mass market, sales of adult books and children's books were down in April.
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Weak Print Sales Limit Sales Gains at Wiley
A drop in print revenue in John Wiley's publishing group was offset by increases in the company's other to operating divisions, leading to a 2% sales rise in the quarter ended July 31, 2017, over the comparable period last year.
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Sales at B&N Down More Than 6% in Q1 of 2018
In reporting its first quarter results of the 2018 fiscal year, Barnes & Noble announced sales of $853.3 million, down from $913.9 million in the same period a year ago.
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Industry Stocks: August Performances
With the Dow Jones Industrial Average almost flat in August, the Publishers Weekly Stock Index fell 1.7% during the month. Only one company on the PWSI, Educational Development Corp., had an increase in its share price.
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Profits at PRH Rise, on Small Sales Gain, in First Half of 2017
Strong print and audio sales at Penguin Random House countered soft e-book sales to increase revenue 1.1% in the first half of the year. Earnings at the publisher rose 11.4%.
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Despite a Lift in Sales, B&NE Sees Losses Jump in Q1
The February 2017 acquisition of MBS was the major driver of a 48.7% jump in sales at Barnes & Noble Education in the quarter ended July 29. The net loss in the period, however, was $34.8 million, up from $27.9 million in fiscal 2017.
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Books Suffer from Potter Curse, Sales Tumble 17%
Unit sales of print books in the week ended Aug. 6, 2017, were down 17% from the similar week in 2016 at outlets that report to NPD BookScan. The decline was due entirely to the release last year at this time of J.K. Rowling’s Harry Potter and the Cursed Child, which sold about 2.5 million copies in its first week.
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HC Profits Rise in Fiscal 2017
Although sales in the fiscal year, ended June 30, fell slightly from fiscal 2016, earnings increased 7.5% to $199 million at HarperCollins.
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Regnery Has Soft Second Quarter
The release in last year's second quarter of Dinesh D'Souza's bestseller 'Hillary's America' made for a difficult comparison for Regnery in this year's quarter, and sales of print books fell $2.4 million.
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