Yesterday Indigo announced their first quarter 2023 earnings for the period ended July 2 with sales of CA $204.6 million, up 19 percent from $172.1 million last year, a higher level than any first quarter in the past three years. The growth was driven by “the success of Indigo’s omnichannel business; a strong recovery in […]
Earnings Reports
Harper Has Modest Finish to Year, Looks Forward to Rings of Power
News Corp. reported fourth quarter and full fiscal year earnings on Monday afternoon, with HarperCollins recording sales for $513 million for the quarter ending June 30, $20 million higher than a year ago — though down a little on an underlying basis. Sales are $20 million higher due to an additional week in the quarter, […]
S&S Sales Rise 34% in Q2
Paramount reported second quarter earnings for the period ended June 30, with Simon & Schuster sales totaling $293 million, up 34 percent from $219 million last year. Operating income was $80 million, compared to $52 million in 2021, a 54 percent increase. According to a memo to staff from ceo Jonathan Karp, each of the […]
Reorganization, Acquisitions Lead to Increased Pearson Profits
Pearson announced results for the first half of the year, with sales of £1.79 billion, up 12 percent from the same period last year. Operating profit grew substantially from £9 million last year to £148 million (an increase from £107 million in 2020). Major restructuring costs affected last year’s profits—particularly reorganizing the business into five […]
Lagardere Publishing Maintains Guidance, Expects Revenue to Be Stable in 2022
Lagardere announced first-half and second quarter results, with publishing segment sales of €1.216 billion for the first six months, up €86 million or 7.7 percent from last year. Recurring EBIT was €81 million in the first half, down from €110 million in 2021—a record-breaking result—due to the rising costs of labor, transportation, and production. Sales […]
Scholastic Returns to Pre-Pandemic Levels As Book Fairs Rebound, Forecasts 8 to 10 Percent Growth in Next Year
Scholastic announced fourth quarter and full-year results for 2022, for the period ended May 31, with gains that “exceeded expectations for this rebuilding year,” president and ceo Peter Warwick said on a call with investors, due to a rebound in in-person book fairs and strong results in the educational business. Q4 sales were $514 million, […]