Sales at Simon & Schuster dropped in the third quarter of 2019 to $217 million, down $23 million from a year ago (or 9.6 percent). Operating income rose again despite the lower sales, up $1 million to $52 million — marking the 19th consecutive quarter of profit growth — primarily due to “lower production costs from the mix of titles.” In the press release, the company said the sales decline was mainly driven by lower print book sales, due to the comparison to last year’s record-breaking release of Fear: Trump in the White House by Bob Woodward. (Two years ago […]
