Quarto released half-year results for 2019, reporting an improvement in earnings — which is to say, a smaller loss — amidst a prediction of a challenging second half of the year. Revenue was up slightly to $56.4m, from $56.2 million in the first half of 2018, but those sales were spread across fewer books, as…
Earnings Reports
Sales Fall at Indigo On Cutback In Promotions
Canada’s Indigo reported fiscal first quarter sales Tuesday afternoon with sales falling $12.8 million (or 6.2 percent) to $192.6 million (CA). Superstore comp sales decreased 6.5 percent, small format stores fell 2.4 percent, and online sales were $5 million lower (or down 14.8 percent), at $28.8 million. But the company says the reductions were planned…
McGraw-Hill Reports Improved Q2 Results, DOJ “Second Request” For Merger Info
McGraw-Hill reported top and bottom line progress in Q2, touting the success of its digital offerings, which now comprise 51 percent of total billings. Sales of $385 million for the quarter were flat, while total billings of $394 million were up $41 million from a year ago. Meanwhile, the cost of servicing its $2.1 billion…
Harper Has Weaker Fourth Quarter, But Closes Fiscal Year with Record Earnings
News Corp. reported fiscal fourth quarter earnings on Thursday afternoon, as HarperCollins recorded a comparatively poor fiscal fourth quarter, with sales of $419 million, down $71 million from the previous year. But it was more of a return to normal, since a year ago they were up $83 million for quarter versus the same period…
Simon & Schuster Continues to Build Sales and Profits
CBS reported second quarter earnings on Thursday afternoon, with sales at Simon & Schuster up $11 million (or 5.3 percent) to $218 million — a new company high for the second quarter, and their best since 2014. The publisher also extended their long streak of increased profits, recording their eighteenth consecutive quarter of gains: Operating…
HMH Announces Decent Sales and Increased Billings, But Bigger Loss
Houghton Mifflin Harcourt reported Q2 earnings, with net sales of $389 million, up from $357 million last quarter. “Billings” increased more dramatically, reflecting orders for their new core programs, at $489 million, up from $371 million a year ago, a new record for the company. As a result, the company increased its billings guidance modestly,…