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Book Sales Fell Slightly at Barnes & Noble, As Nook Shed Employees

Barnes & Noble filed their full annual SEC report, subsequent to their basic earnings release last Thursday, which offers more specific details about the company's performance. Perhaps most relevant are the breakdowns on sales at the BN Retail unit. As reported last week, overall sales in this division decreased $186.9 million in…

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Barnes & Noble Finishes with Soft Quarter

Barnes & Noble reported fourth quarter fiscal 2015 results on Thursday morning, more or less in line with analysts' expectations, losing $19.4 million (37 cents a share) on sales of $1.184 billion. Sales fell in all three divisions and were down $138 million (or 10.4 percent) compared to a year…

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Foreign Exchange Holds Down Wiley Sales, As Book Sales Continue Decline

Wiley reported fourth quarter sales for the period ending April 30, with sales falling 3 percent to $442 million (down $15 million) on currency exchange, as half their sales come from the weaker pound and euro. Adjusted operating income of $63 million was flat for the quarter, and net income…

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Books-A-Million Starts the Fiscal Year on a Downward Note; HMH Completes Scholastic Edtech Acquisition

Sales dropped $2 million (or 1.9 percent) at Books-A-Million in their fiscal first quarter, ending May 2, reaching $101.8 million for the period. Same-store sales also declined 0.9 percent down 2.5 percent, and the net loss of $5.3 million was marginally improved over the $5.6 million net loss for the…

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Indigo Sales Improve Throughout Q4 and Full Year

Canada's dominant bookseller Indigo reported fiscal fourth quarter sales (for the period ending March 28, 2015). Sales nudged up marginally, at $186.2 million CA, while the net loss of $13.9 million was slightly lower than the net loss of $14.4 million a year ago. The revenue growth was "partly offset…

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Bloomsbury Edges Ahead

Bloomsbury reported results for their fiscal year ending February 28, rebounding from a weak first half to finish just above even: Sales of £111.1 million were up £1.6 million (due to acquisitions) and pre-tax profit nudged up by £100,000 to £9.6 million. The company adds that "since the year end, trading…

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Lagardere Publishing Rises On Weak Euro, But US Sales Decline Over 12 Percent

Lagardere reported first quarter sales, with the publishing unit rising overall on renewed strength in France and the weakness of the Euro, which works in their favor on US and UK book sales even as HBG USA and Hachette UK had weak quarters. That left unit sales of 421 euros…

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S&S Topline Falls On Lower Print Sales

First quarter sales at Simon & Schuster fell by $8 million (or 4.5 percent) to $145 million, the company's third consecutive quarterly revenue drop, as a result of "lower print book sales." OIBDA was flat at $13 million (with operating income up $1 million to $12 million), with lower selling and…

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Bertelsmann Profit Rises In First Quarter, As Attention Turns to Possible PRH Buyout

Bertelsmann issued a brief first quarter trading update (in the European style), with sales just above flat at €3.92 billion and operating EBITDA up 6.7 percent to €463 million (from €434 million a year ago). Net income rose to €143 million from €106 million last year. Though not mentioned in…

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Sales Rise at HMH and Company Increases Loan, Repurchase Targets

Houghton Mifflin Harcourt reported first quarter results Thursday morning, with sales of $163 million, up almost 6 percent from $154 million a year ago, "driven by higher education and trade publishing sales and the recognition of previously deferred revenue." The seasonal adjusted EBITDA loss of $52 million compares to a loss of $53 million a year ago, though…

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