Sales and Profits Both Fall at Harlequin Harlequin parent Torstar reported results for their fiscal first quarter, with book sales falling 12 percent to $110 million (CA), with operating profit was down 15 percent to $16 million. The company says the drops were smaller “excluding the impact of foreign exchange,” with North American retail sales flat, but the main reason cited is “the strong publishing schedule a year ago.” (But they also consider the big profit drop a “slight decline.”) They note: “We continue to expect modest growth from Harlequin for the year unless there is a major economic slowdown […]
