and more.
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Scholastic Sees Growth Ahead in Fiscal 2022
A plunge in book fair revenue led to a 12.5% decline in sales at Scholastic in the fiscal year ended May 31, 2021, but the publisher forecast "significant growth" in 2022 revenue and an improved bottom line.
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Print Book Sales Could Grow by 2% This Year—Or by 8%
In a presentation on July 21, NPD BookScan said that, based on current trends, unit sales of print books are likely to finish 2021 with a gain over 2020. How high that gain will be depends on several factors, including the future course of the pandemic.
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May Publishing Sales Rose 11.1%
Led by sales of K-12 materials, sales of all publishers that report to AAP rose 11.1% in May over last year. Sales of adult books increased 10% in the month, and children's/YA sales were up 7.3%.
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Q1 Profits Jumped at EDC
Profits for the first quarter ended May 31, 2021, rose 79% at Educational Development Corp. Sales increased 6.5%, to $40.8 million.
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Book Biz Stocks Soar Sky High
The Publishers Weekly Stock Index saw a 37.1% jump in the first half of 2021.
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Publishing Sales Soared in April
Led by huge gains in the educational categories, sales of publishers reporting results to the AAP jumped 43.7% in April over April 2020. Last April was one of the sales low points during the pandemic.
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Q2 Publishing Sales Rose 27.6% at IDW
Sales in IDW Media's publishing division, which includes the graphic novel imprints IDW and Top Shelf, rose to $6 million in the second quarter ended April 30, 2021 due primarily to the revival of the direct market, which was shut last spring because of the pandemic.
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HC's Murray Sees Higher Sales, More Consolidation Ahead
In a recent presentation, HarperCollins CEO Brian Murray said he sees no signs of consumer book spending slowing down in 2021—nor does he see the trend toward greater consolidation of the industry cooling.
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Wiley Ends Fiscal 2021 on High Note
Helped by a strong performance in the fourth quarter ended April 30, 2021, revenue at John Wiley rose 6% in fiscal year 2021 over fiscal 2020. The company reported operating income of $185 million.
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Bloomsbury Has Double-Digit Gains in Fiscal '21; Buys Head of Zeus
Helped by a 27% increase in sales in North America, revenues at Bloomsbury rose 14% in the fiscal year ended February 28, 2021, while profits increased 22%. The company also announced it bought the U.K. trade publisher Head of Zeus.
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