Quad held its Q4 2018 earnings call February 20, reporting pro-forma net sales of $4.3 billion for the full year — of which only 6 percent was from its book printing business. While it didn’t break out a dollar value, that would indicate books comprise $258 million in revenue, a figure that will grow dramatically…
Earnings Reports
Simon & Schuster Finishes with Softer Sales, But Sets New Profit Record
CBS reported fourth quarter and full year 2018 results on Thursday, with sales at Simon & Schuster moderating in the final quarter to $218 million (down from $235 million a year ago), even as operating income continued to grow, at $46 million (up $1 million from a year ago). As ceo Carolyn Reidy underscored, it…
Harper Reports Strong Holiday Quarter
HarperCollins’ parent company News Corp. reported fiscal second quarter sales, through December, with the publisher registering “record revenue and segment EBITDA in the quarter.” Sales of $496 million were $27 million higher than a year ago, up 6 percent — and on a comparable basis improved even more, since the company said the new revenue…
Lagardere Publishing Reports Good Finish, But Slight Decline for 2018
Lagardere Publishing reported fourth quarter and full-year sales results on Thursday (and, in the European tradition, will not report earnings and complete 2018 details until March). Fourth quarter publishing sales of €645 million were €21 million higher than a year ago, with €10 million of that gain coming from recent acquisitions (Worthy Publishing, Kyle Cathie,…
Indigo Q3 Sales Flat But Earnings Down 50% During Challenging Period
Indigo reported third quarter revenue just below flat for the 13 weeks ending December 29, 2018, with sales of $426 (CA) million compared to $433.3 million for the same period last year, a decrease of 1.7 percent. Comparable superstore sales were flat, with small format store comps up 2.8 percent, as online sales declined by $1.5…
By the Actual Numbers, Sales and Profits Fell Slightly at Waterstones
As we’ve observed before, the UK press and the UK trade love the survival/revival story of bookselling chain Waterstones, regardless of what the numbers say. In the British tradition, the chain recently filed annual results for the fiscal year ending April 28, 2018 — prior to the sale of a controlling stake to Elliott Advisors…