Following last week’s headline results from Canadian retailer Indigo, their full annual report is out, and you can see in more detail how general merchandise sales are driving the chain’s growth. Actual print sales declined $5 million (CA) during the year, falling less than one percent to $593 million, while ereading revenues were down another…
Earnings Reports
Strong Sales for Bloomsbury
Bloomsbury reported sales for fiscal 2018, ending February 28, with sales rising 13 percent (or £19 million) to £161.5 million in what they call “an exceptional year.” Almost all of the growth came from children’s publishing, which added £13.3 million, growing to £69.2 million overall, helped by a 31 percent increase in Harry Potter sales….
First Quarter Highlights from Lagardere, Bertelsmann
Lagardere and Bertelsmann issued short first quarter highlight reports on Thursday morning. The more detailed report comes from Lagardere, where the book publishing division had sales of €442 million, up €2 million from a year ago. Last year’s acquisitions — primarily Brainbow, Bookouture, Summersdale and Jessica Kingsley — added €12 million in sales, while the weakening US dollar and…
Harper Gains In Third Quarter
News Corp. reported fiscal third quarter results on Thursday afternoon, with HarperCollins showing gains in sales and earnings. Sales grew $24 million, or 6 percent, to $398 million (almost back to the $402 million they registered in fiscal 2015). Foreign exchange accounted for $10 million of the gain, and digital sales grew in line with…
Earnings, Etc.: Simon & Schuster Stable, Lagardere and Pearson Updates
Simon & Schuster’s parent company CBS reported first quarter earnings on Thursday afternoon, with sales at the book publisher down $1 million, to $160 million, and operating income up $1 million, to $16 million, “reflecting lower operating expenses resulting from the revenue mix.” (CBS overall had “record first-quarter revenue” of $3.76 billion” and an “all-time…
Houghton Mifflin Harcourt Soft Overall in Q1
Houghton Mifflin Harcourt reported first quarter results, with sales of $220 million, down $2 million from a year ago. EBITDA was a negative $15 million, a $9 million improvement from a loss of $24 million in the first quarter of 2017. The operating loss for what is typically their worst quarter was $87 million, also $9 million better…