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Barnes & Noble Lays Another Holiday Egg

We are accustomed to mediocre holiday sales reports from Barnes & Noble, since the last time the bookseller recorded an actual gain in core, same-store holiday book sales was the 2011 season. But even by that low bar, BN outdid themselves in holiday disappointment this time around: Same-store sales for…

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Scholastic Gains On Smaller Potter Bump

Scholastic reported fiscal second quarter results Thursday morning, for the period through November 30, with another Harry Potter boost from Fantastic Beasts lifting sales, albeit less dramatically than the gains the previous quarter from HP and the Cursed Child. Sales of $623 million were up $21 million, or 3.5 percent, with…

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Wiley Suffers Declining Book Sales and Special Charges

Wiley reported second quarter sales through October 31 on Wednesday morning, continuing the pattern from the first quarter of fiscal 2017. Sales of $425.6 million were down $7.8 million (or 2 percent) from a year ago, with a net loss of -$11.45 million (compared to a profit of $43.6 million…

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Barnes & Noble Education Reduces EBITDA and Comp Guidance, Stock Falls Sharply

Barnes & Noble Education reported second quarter sales on Tuesday morning, with persistent same-store sales weakness carrying over from the first quarter. The company blamed the "lower textbook and general merchandise sales" on "lower enrollments and a softer retail environment." As a result, full-year expectations for EBITDA growth have been…

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Pottermore Reports Another Big Loss, Still Promising Turnaround

A year ago JK Rowling's representatives were insisting the worst was behind them after reporting a significant annual loss for Pottermore, citing "recording breaking sales in December 2015" -- and now the turnaround story is being pitched again. They are "on the path to profitability" for the fiscal year ending…

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"Sluggish Sales" Lower Barnes & Noble Revenues 4 Percent

Barnes & Noble more or less met analysts' low expectations for their fiscal second quarter ending, October 29: Sales fell 4 percent, to $858.5 million, with same store sales down 3.2 percent "on lower store traffic," even with the help of Harry Potter and the Cursed Child. Total Nook sales --…

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Book Sales Improve in Indigo's Second Quarter

Canadian "book, gift and specialty toy retailer" Indigo reported results for their fiscal second quarter, ending September 26. Sales rose 5.4 percent, or $11.2 million, to $216.9 million (CA) for the quarter, driven by "continued double digit growth in the general merchandise business, and growth in the core book business enhanced by…

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Potter and Education Lift Lagardere Publishing

Lagardere reported third quarter results, with the publishing division reporting "a strong quarter with double-digit growth," based on a few gifts: They gained from publishing the Harry Potter play script in the UK and export territories, and from "the effects of curricular reform in France," plus the unit continued to…

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A Mixed Quarter for Harper, As Profits Rebound On Declining Sales

HarperCollins' parent company News Corp. reported fiscal first quarter results on Monday after the close of the market, with mixed results for the book publishing unit. Sales of $389 million were down $20 million from the first quarter a year ago -- blamed on the "the absence of revenues from…

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Springsteen Helps S&S To a Strong Third Quarter

Simon & Schuster's parent company CBS reported third quarter sales after the close of the market on Thursday, with book publishing revenues rising 11 percent to $226 million from $203 million a year ago, good enough to turn sales positive for the year-to-date. Operating income also grew modestly, by $1…

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