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Potter Play Drives Scholastic Gain

Scholastic reported sales for their fiscal first quarter, ending August 31, with the release of Harry Potter and the Cursed Child driving sales up to $283 million, compared to $191 million a year ago. Their traditional seasonal loss (since school was not in session) only declined modestly on the big…

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Book Sales Fell $38.6 Million at BN

As usual, Barnes & Noble followed their press release quarterly results with a more detailed SEC quarterly report that offers some additional details on the chain's performance. As we suggested yesterday, the continuing decline of Nook -- with digital content sales falling $7.1 million, or 18.9%, at about $30.5 million for the quarter…

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BN Education Has Flat Quarter

Barnes & Noble Education also reported first quarter fiscal 2017 results Thursday morning, though their mediocre showing was more in line with expectations. Fulfilling our assessment as "the growth company that doesn't grow," sales of $239 million were flat even with the addition of 33 new stores "with estimated annual sales of…

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As Feared, Barnes & Noble Reports Poor Quarter, Reduces Sales Guidance; Riggio Promises Remedies

As publishing people had feared since the abrupt announcement that CEO Ronald Boire was dismissed by Barnes & Noble after less than a year on the job, the retailer reported disappointing results for their fiscal first quarter, ending July 30, on Thursday morning. Sales of $914 million fell 6.6 percent compared to a year…

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Declining Book Sales Still Weigh on Wiley

John Wiley reported sales for their fiscal first quarter, with still-falling book sales and foreign exchange (since they have substantial sales in the UK) pulling down results. Sales of $404 million fell 4 percent, and net income of net income of $30.4 million was down 12 percent. Book sales continue to decline across…

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Barnes Away

The financial weekly Barron's has had a soft spot for Barnes & Noble's stock for years, but unfortunately they have been pretty consistently -- and significantly -- wrong. Publishers are cranky about the company's underperformance in the marketplace, as sales keep ebbing even as print book sales rise, and with the…

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The First Half of the Year: An Overview

With Bertelsmann's half-year report from this morning, we now have all of the major public reporting for trade publishing companies for the first six months of the year (even though the AAP has not gotten past February so far). Below is a summary view, though for nearly every company we…

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Sales and Profit Down More Than 10 Percent At Penguin Random House

Bertelsmann reported results for the first half of 2016 on Wednesday morning, with book publisher Penguin Random House recording sales of €1.516 billion (down €181 million, or 10.7 percent, from a year ago), including the wholly-owned RH Germany. EBITDA fell in line with sales, down 10.6 percent to €185 million (or €22 million…

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Results Steady At WH Smith, But...

On Wednesday WH Smith issued a short trading notice in advance of their annual results on August 31, saying the report will be "in line with expectations." Simple enough. That release inspired an equally short but potentially confusing Bloomberg piece that declares, "In the era of Facebook and Twitter, a…

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Merchandise Sales Lift Indigo

Canadian "book, gift and specialty toy retailer" Indigo reported results for their fiscal first quarter, ending July 2. Sales rose 4.4 percent, or $8.2 million, to $193.1 million for the quarter, "driven mainly by the continued double digit growth of key general merchandise categories." Book sales were up on a same-store basis, but flat overall…

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