Ahead of their formal annual report in June, Bloomsbury announced a “second upgrade” in expectations, after “exceptional” February sales in consumer books, led by Sarah J. Maas’ just-published A Court of Silver Flames. Due to the pandemic the company never issued formal guidance for the fiscal year, which ended February 28; rather, they have benchmarked against “market expectations.” Against current estimates of sales of £171 million and profit before taxation and highlighted items of £14.8 million, the company expects higher sales, and “significantly” higher earnings. Given that, Bloomsbury has “repaid the temporary salary reductions for staff,” taken for three months […]
