Penguin Still Suffers In a preliminary market update in advance of their end-of-February reporting of earnings, Pearson advised that the Penguin Group still “suffered as tough trading conditions persisted through the holiday season, particularly in U.S. mass market and backlist titles.” Pearson expects earnings per share for the year to come in at the low end of forecasts, with the strong pound continuing to take its toll on the company’s significant US sales. Separately, we noticed this curiously underplayed note in the most recent issue of The Bookseller: “Penguin will not fulfill orders from its Rugby depot from 30th january […]
