WH Smith announced earnings for the year ended August 31, 2019, with revenues for the overall group of £1.4 billion, up from £1.3 billion. The growth is all in the company’s fast international travel business — now about to double in size via a major acquisition. Alongside earnings, the company announced an agreement to purchase…
Booksellers
Continued Trade Momentum Boosts Sales at Scholastic
Scholastic reported earnings for their fiscal Q1 2020, ending August 31, with sales of $232.6 million, up from to $218.4 million in the first quarter of 2019. “The big story in the quarter was our strong trade frontlist worldwide,” said cfo Ken Cleary on the analyst call. Trade publishing sales were $74.1 million, up from…
Barnes & Noble Education Stays Weak; WH Smith On Track
Barnes & Noble Education reported results for their fiscal first quarter, a seasonally “low activity” period. Sales keep falling — at $319.7 million, down $18.2 million from a year ago, or 5.4 percent lower. They registered declines across all three business segments: College stores, the textbook wholesale business, and their digital student solutions. The announcement…
Sales Fall at Indigo On Cutback In Promotions
Canada’s Indigo reported fiscal first quarter sales Tuesday afternoon with sales falling $12.8 million (or 6.2 percent) to $192.6 million (CA). Superstore comp sales decreased 6.5 percent, small format stores fell 2.4 percent, and online sales were $5 million lower (or down 14.8 percent), at $28.8 million. But the company says the reductions were planned…
Pearson Focuses Hopes on 2020 for Return to Growth, While Amazon Disappoints
Pearson reported half-year results for 2019 on July 26, with sales down to £1.83 billion, from £1.87 billion the first half of last year. The sale of their US K-12 company reduced sales by £141 million, with the strengthening dollar adding £69 million. Adjusted operating profit was up to £144 million from £107 million last…
Barnes & Noble Education Has Weak Finish to Another Poor Year
If you want to feel better about the Barnes & Noble retail stores, look no further than the consistent underperformance of Barnes & Noble Education — which was always supposed to be the growth side of the business, except that it keeps declining. Fourth quarter sales were below even the reduced guidance from March: Revenue…