After one glorious quarter of giving investors a little comfort, Barnes & Noble College is back to its old ways. The company reported fiscal first quarter earnings on Wednesday morning, missing analysts’ expectations for what is their quietest quarter. Sales of $337.5 million were down $18.2 million or 5.1 percent — even with the incorporation…
Earnings Reports
Harper Has Big Gains In Sales, Profits
News Corp reported fourth quarter results on Thursday, with HarperCollins turning in a strong quarter, recording sales of $490 — up $83 million from the same period a year ago. Along with the higher sales, book publishing EBITDA was much higher too, at $71 million, compared to $39 million a year ago. One big, profitable…
Indigo’s Sales and Profits Fall on Store Renovations and Investments, As Merch Sales Keep Growing
Canadian retailer Indigo reported sales for their fiscal first quarter, ending June 30, with sales of $205.4 million (CA), down $1 million and below expectations of a modest gain, as the company swung to an adjusted EBITDA loss of $13.3 million, and a pre-tax loss of $20.7 million (versus a loss of $7 million a…
Simon & Schuster Continues to Drive Earnings Higher
CBS reported second quarter results on Thursday afternoon, with sales at Simon & Schuster up $1 million to $207 million, as operating income continued its steady, long-term improvement, at $31 million, up $2 million from a year ago, “reflecting the higher revenues and lower production costs.” Embattled ceo Leslie Moonves surprised some by leading the…
Even Trade Sales Fell As HMH Reports A Down Quarter
Houghton Mifflin Harcourt reported sales of $376 million for the second quarter of 2018, down $17 million. Both the operating loss of $9 million and the net loss of $23 million show improvement from a year ago — when they took a big restructuring charge — and was helped by the corporate tax cut. But…
More Earnings: Pearson Says PRH Sales Fell, Amazon Keeps Growing
Pearson reported modest results for the first half of 2018, with “good progress against strategic priorities” and their “efficiency program on track,” in line with their previous guidance for the year. (Which called for falling overall operating profit, though growth in the “underlying” profit.) The US higher ed business “grew modestly in the first half…