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Earnings Reports

WH Smith Gains in Airport Stores, As High Street Still Slides Further

January 18, 2023
By Katy Hershberger

WH Smith released a trading report for the 20 weeks ended January 14, with sales up 41 percent over last year and 20 percent over 2019, driven by the continuing recovery in their travel stores. High Street sales, however, continued their long fade; revenues were down 2 percent from 2022, and 14 percent from 2019, […]

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Pearson to Cut Costs in 2023, Focused on Higher Ed

January 18, 2023
By Katy Hershberger

Pearson released a brief trading update for the fourth quarter and full year 2022, ahead of their full results for the year on March 3. “Underlying” sales were down 1 percent for the quarter but up 5 percent for the year, and adjusted operating profit for the year was up 11 percent to £455 million. […]

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Storytel Q4 Sales Meet Forecast

January 9, 2023
By Katy Hershberger

Swedish audio streamer and publisher Storytel released a brief fourth quarter earnings update, with sales of SEK742 million ($69.2 million), up 22 percent and in line with expectations of SEK 735-745 million. For the year, sales were up 31 percent excluding Russia, where the company stopped doing business in September. In the Nordic segment, sales […]

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Scholastic Book Fairs Rise to 85% of Pre-Pandemic Levels, As Trade Slides 4 Percent

December 16, 2022
By Katy Hershberger

Scholastic reported earnings results for the second quarter ended November 30, with sales of $588 million, up 12 percent from $524 million last year, driven by “strong results” in Children’s Book Publishing and Distribution and gains in Book Fairs. Operating income was 20 percent ahead of last year, at $100.1 million, and adjusted EBITDA was […]

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Wiley Aims to Reduce Costs as Earnings Fell in Q2

December 7, 2022
By Katy Hershberger

Wiley released its earnings report for the second quarter ended October 31, with sales of $515 million, down 3 percent from last year. Operating income was down 22 percent to $57.4 million, and adjusted EBITDA fell 3 percent to $123.8 million. Net income was $38.2 million, compared to $55.9 million in the prior year. Earnings […]

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BNED’s Big Quarter Was Not So Big

December 6, 2022
By Katy Hershberger

Barnes & Noble Education reported results for their big fiscal second quarter ending October 29, usually their biggest sales period following the opening of schools, with revenues of $617 million, down 1.6 percent from $627 million last year, and still well below pre-pandemic levels ($772 million in 2019 and $815 million in 2018). That’s well […]

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RSS Automat

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  • Barnes &. Noble Plans 15,000-Square-Foot Store At The Avenue East Cobb in Atlanta January 30, 2023 East Cobb News
  • Boris Johnson Received £510,000 As First Advance on His Memoirs January 27, 2023 Parliamentary Disclosure
  • Joan Didion and John Gregory Dunne's Literary Archives Acquired by New York Public Library January 27, 2023 NYT
  • R.F. Kuang's Next Novel Yellowface "Does deal a lot with underpaid, undervalued, entry-level employees in publishing" January 26, 2023 NYT interview
  • Daily Beast Obtains Mark Pomerantz's NDA and Contract with the Manhattan DA's Office January 26, 2023 DB
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