Houghton Mifflin Harcourt reported second quarter sales on Thursday morning, reducing its guidance for the full year on “an updated expectation for its core domestic education market”: 2016 sales are now expected to range from $1.485 billion to $1.555 million (with net billings of between $1.525 billion and $1.595 billion). The small trade division had a reasonable quarter, with sales rising $1.2 million to $38.7 million, attributed to “frontlist culinary titles such as The Whole 30 , Weber’s New American Barbecue , Meathead and Ted Talks.” That was offset by “a decline in net sales of ebooks attributed to fewer movie tie-ins of bestselling ebook titles coupled […]
