It’s time for a run of earnings reports from publicly-held companies again. Scholastic leads this wave with their earnings release, set for tomorrow morning. They are followed quickly by: Pearson/Penguin Group, on July 28 (pre-market opening) CBS/Simon & Schuster, on July 31 (pre-market opening) News Corp./HarperCollins, on August 5 (after the close) More follow toward the end of the August, including: Barnes & Noble, on August 18 (after the close) Books-a-Million, on August 18 (after the close) Borders, on Aug 26 (after the close) Bertelsmann, on August 28 (report on the first 6 months) Lagardere, on August 28 (report on […]
Earnings Reports
Courier Takes Big Charge Against Creative Homeowner
In reporting third quarter fiscal 2008 results, Courier Corporation took a “non-cash impairment charge of approximately $23.9 million related to poor performance at Creative Homeowner,” reporting a net loss of $12.4 million against flat sales of $73.4 million. Creative Homeowner “was especially hard hit in the quarter, experiencing slow sales and higher-than-anticipated returns from retailers due to the continued reduction in store traffic at home improvement centers and other large retail chains. Including the allowance for returns, Creative Homeowner’s third-quarter sales were down 45% from a year earlier. The result was a pre-tax loss of $3.6 million” for the period. […]