• Skip to main content
  • Skip to primary sidebar
  • Login
  • Register
Publishers Lunch logo Publishers Lunch logo
  • Publishers Marketplace
  • Site Guide
  • Help
Login Sign Up
  • Personnel
  • AI
  • Compensation
  • Unions
  • Book Bans
  • New Releases
  • Earnings
  • The Trial
  • Archives
Publishers Lunch logo
  • Publishers Marketplace
  • Site Guide
  • Help
  • Publishers Marketplace
  • Site Guide
  • Help

March 31, 2017By Michael Cader

Quarto’s Earnings Suffer From Direct Sales Unit

March 31, 2017By Michael Cader

Quarto reported sales of $188 million for 2016, up $6 million from the year before, though operating profit fell to just $1.7 million, due to the $14.2 impairment charge related to the Books & Gifts Direct businesses in Australia and New Zealand that are being sold. Operating profit absent that division was $18.6 million, up $3 million. “Underlying” sales, without the $12.7 million added by the acquisitions of becker&mayer and Harvard Common Press during the year, also declined. (In particular, becker&mayer “exceeded management expectations by effectively becoming our sixth most profitable imprint this year.”) After tax, the company recorded a […]

Login to read full story

Filed Under: Earnings Reports, Publishers

sidebar

Primary Free Sidebar

Login

Forgot Password Quick Pass User Login
Get Full Access
The Publishing Industry’s Essential Daily Read

Each Publishers Lunch Deluxe subscription includes full access to our searchable multi-year archive of industry news, a nightly email reporting 10 to 50 deal transactions, and our database of industry contacts, scripts, and posting privileges.

Learn More

RSS Automat

  • Sourcebooks Makes Inc.'s Best Workplaces 2025 List June 18, 2025 Magazine list
  • Pearson to Acquire Career and Technical Education Leader eDynamic Learning June 16, 2025 Press Release
  • James Frey Has Rich Friends, and They Like His New Book June 12, 2025 WSJ
  • Leon Levy Foundation Awards $300,000 Grant to the Authors Guild Foundation to Preserve Literary Advocacy Archives June 10, 2025 Authors Guild
  • Trending: Tote Bags That Hold Just A Book June 10, 2025 Elle
  • Hadley, MA B&N Workers OK Union Contract After Two Years of Negotiation June 6, 2025 Daily Hampshire Gazette
  • Authors Guild Update On Albert Whitman Bankruptcy Hearing June 5, 2025 AG post
  • "Frozen Yogurt and Fiction Collide" As Pinkberry Promotes Emily Henry (And Their Limited Flavor, Summer Melon Crush) June 3, 2025 Press release
  • JennaFest Draws 200 Readers; She Says She Is Collaborating On a Screen Project with Elin Hilderbrand June 2, 2025 Today
  • Chicago Sun-Times Investigation Admits Everyone Remotely Connected to Bogus AI Supplement Was Lazy, Greedy, or Both May 30, 2025 Sun-Times
Publishers Marketplace logo

Contact Us

News

  • Publishers Marketplace
  • Report News
  • Discuss
  • Classifieds
  • Rights Offerings

Deals

  • Report A Deal

Books

  • Buzz Books

Jobs

  • Job Board
  • Privacy Policy Terms of Use