Simon & Schuster built on a small gain in the third quarter for a big gain in the fourth quarter that lifted full-year sales just above the previous year, by $2 million. Fourth quarter sales of $233 million were $18 million (or 8 percent) ahead of the same quarter a year ago, “driven by growth in print book sales.” CEO Carolyn Reidy told us sales in the quarter were up across all units, with adult book sales up 10 percent, children’s books up 8 percent, and audio up 23 percent. (International sales rose on an underlying basis, but were flat after […]
