The Quarto Group also reported results for the first half of 2016, with acquisitions helping to boost sales, at $73.3 million up from $67.7 million a year ago. The biggest, and most profitable, growth came from Quarto USA, where sales gained almost $4 million to $31.7 million for the period, with an adjusted operating profit of $2.5 million. The US group was helped by February’s acquisition of Harvard Common Press’s list (for a total of $1 million), and a strong list of adult coloring books. The company does note that, “As anticipated, we are now starting to see signs of retail oversaturation with this […]
