Wiley reported fiscal first quarter sales on Friday, with sales of $411 million, up $7 million from a year ago, but lower operating income, at $14.5 million down from $43.8 million in 2016. The gap was attributable to $29 million of restructuring and related charges, from their “operational excellence initiatives.” Their book publishing business continues its steady decline: STM…
Earnings Reports
Barnes & Noble’s Sales Decline Below Expectations Again, and Shares Fall
Barnes & Noble reported earnings for their fiscal first quarter on Thursday morning, through July 29, and the trendlines: Lower sales, lower store comps, and continuing losses, with both sales and earnings missing analysts’ modest expectations, sending shares down almost 12 percent in early trading. Sales of $853 million were $57 million lower, down 6.6…
Penguin Random House Has Flat Sales, Better Profits
Bertelsmann reported results for the first half of the year, with sales at Penguin Random House (inclusive of the separate RH Germany, which they only break out in the annual report) just above flat, at €1.532 billion (€16 million higher than a year ago). Operating EBITDA of €206 million was €21 million higher than a year ago. But…
After Bigger Than Expected Loss, Barnes & Noble Education Shares Sink to New Low
It’s been a tough competition to see which branch of the divided Barnes & Noble can register the most disappointing performance, with Barnes & Noble Education taking the lead in reporting disappointing first quarter fiscal 2018 earnings. The consolidated net loss grew to $34.8 million, or 75 cents a share, compared to a loss of $27.9…
Soft Quarter Leaves Harper Sales Down for the Year
News Corp. reported fiscal fourth quarter 2017 earnings on Thursday afternoon, with HarperCollins recording sales of $407 million, down $26 million from a year ago (-6%). Of the decline, $19 million was simply because the same quarter a year ago comprised an extra week, and the company said negative foreign exchange cost another $8 million….
Merchandise Sales Continue to Lift Indigo
Canadian chain Indigo continues to post good results, driven by their transformation to “cultural department stores.” Sales in their fiscal 2018 first quarter rose $13 million to $206 million (CA), with adjusted EBITDA of $100,000, compared to a loss of $6.1 million a year ago. The overall loss was $7.2 million, compared to a loss…