Separately, Barnes & Noble Education reported fourth quarter and full fiscal year sales after the close of the market on Wednesday. Fourth quarter sales of $358 million were up 4.3 percent, and full year sales of $2,204 million were 17.6 percent higher — both due to the acquisitions of MBS in February 2017 and Student Brands…
Earnings Reports
Barnes & Noble Ends the Year On Further Declines
Barnes & Noble reported fourth quarter and full-year results Thursday morning, and once more the trendline for the company is decidedly downward. Sales for the quarter were $786 million, a decline of 4.3 percent from the prior year, while comparable store sales dropped 4.1 percent. Consolidated EBITDA was $6.7 million in the fourth quarter, as…
Foreign Exchange Helps Wiley to Good Fourth Quarter
Wiley reported a good finish to their year, ending April 30, with fourth quarters sales of $477 million (up $25 million from last year), and operating income of $74.8 million (up $11.4 million). For the full year, sales of $1.796 billion were up $77.6 million from last year, with operating income of $239.5 million, up $33.3 million from…
Print Sales Slid at Indigo, Driven By Merchandise Growth
Following last week’s headline results from Canadian retailer Indigo, their full annual report is out, and you can see in more detail how general merchandise sales are driving the chain’s growth. Actual print sales declined $5 million (CA) during the year, falling less than one percent to $593 million, while ereading revenues were down another…
Strong Sales for Bloomsbury
Bloomsbury reported sales for fiscal 2018, ending February 28, with sales rising 13 percent (or £19 million) to £161.5 million in what they call “an exceptional year.” Almost all of the growth came from children’s publishing, which added £13.3 million, growing to £69.2 million overall, helped by a 31 percent increase in Harry Potter sales….
First Quarter Highlights from Lagardere, Bertelsmann
Lagardere and Bertelsmann issued short first quarter highlight reports on Thursday morning. The more detailed report comes from Lagardere, where the book publishing division had sales of €442 million, up €2 million from a year ago. Last year’s acquisitions — primarily Brainbow, Bookouture, Summersdale and Jessica Kingsley — added €12 million in sales, while the weakening US dollar and…