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Amazon's Profits Remain Slim

by on July 27, 2017 in Booksellers, Earnings Reports

Amazon reported second quarter sales on Thursday after, with sales rising 25 percent to $38 billion, as earnings were in line with the wide-ranging guidance but towards the lower side where analysts had been hopeful for hitting the end. That translates into operating income of $628 million -- down 51…

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Lagardere Publishing Gains on Acquisitions and UK

by on July 27, 2017 in Earnings Reports, Publishers

Lagardere reported results for the first half of the year, with Lagardere Publishing, moving up modestly on the Perseus acquisition. Sales of €1.019 billion were up €49 million compared to a year ago, with Perseus contributing an added €18 million (the acquisition closed in spring 2016) and other acquisitions added…

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Activist Investor Is Sure Someone (Else) Should Take Barnes & Noble Private

by on July 25, 2017 in Booksellers, Earnings Reports, Finance

Another activist investor, Sandell Capital Management, has looked at Barnes & Noble's beaten down share price and become convinced that with some agitation a private buyer will come forward. The campaign is happening via press release, with Sandell publishing its letter to the BN board asking the company to hire…

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Scholastic Finishes Good Year with Lower Quarter

by on July 20, 2017 in Earnings Reports, Publishers

Scholastic reported fiscal fourth quarter 2017 sales through May 31 of $499.6 million, down $14.2 million from a year ago, on lower sales in children's publishing and distribution and international. Operating income for the quarter was $64.2 million, up $5.8 million on increased education sales and lower costs. Children's trade…

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BN Education Up Modestly In Fourth Quarter

by on July 12, 2017 in Booksellers, Earnings Reports

Barnes & Noble Education reported fiscal fourth quarter sales (through April), with new store openings and the MBS Textbook Exchange acquisition lifting sales modestly. Stores sales of $314 million were up $19 million with new stores and a 1.4 percent increase in same-store sales, and MBS added another $34 million…

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Quarto Falls on Profit Warning, and China Literature Heads for IPO

by on July 5, 2017 in Earnings Reports, Finance, Financing/Start-Ups, International News, Publishers

Ahead of reporting results for the first half of 2017,  Quarto Group warned that its earnings guidance "for 2017 and beyond has been set too high." That's due to both "a lower-than expected trading performance in the year to date" during "the ongoing soft retail environment" as well as an accounting…

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Sales Continue Falling at Barnes & Noble, But Earnings Improve

by on June 22, 2017 in Booksellers, Earnings Reports

Barnes & Noble continued to suffer from declining sales in their fourth quarter, ending April 29, but a reduced loss in the period and improved earnings for the fiscal year gave investors some confidence. After closing Wednesday near an all-time low of $6.50 a share, investors were relieved by the…

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Nearly Flat for the Year, Wiley's Earnings Nudge Up As Book Sales Keep Falling

by on June 13, 2017 in Earnings Reports, Publishers

Wiley reported fiscal 2017 fourth quarter earnings for the year ending April 30 on Tuesday morning, with sales of $452 million (up $18 million from a year ago) and adjusted operating income of $61.7 million (up from $51.1 million a year ago), with earnings ahead of analysts' expectations. For the…

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Indigo Records Their First Billion-Dollar Year

by on May 30, 2017 in Booksellers, Earnings Reports

Canadian retailer Indigo reported results for their fiscal fourth quarter, ending April 1, with full-year sales passing $1 billion (CA) for the first time: Total sales for the year were $1.02 billion, up $25.6 million or 2.6 percent from a year ago. Adjusted EBITDA was $52.2 million, up from $43.1 million…

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Potter and FX Lift Bloomsbury's Sales, But Not Profits

by on May 18, 2017 in Earnings Reports, Publishers

Bloomsbury reported results for their fiscal year, ending February 28, with sales of £142.6 million, up £18.9 million, as profit before tax fell £1 million to £12 million. Despite their intention "to become primarily a non-consumer publisher in the B2B academic and professional information market," Bloomsbury is still very much…

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