Bloomsbury issued a brief trading update on the first four months of their fiscal year, through June 30, still “in line with its expectations” for the year. Sales were up 3.7 percent with the recently-acquired IB Tauris — and 2.1 percent without two months of Tauris’s sales. The company said they had “a particularly strong result in the adult division.” Catching up on some news from June, we note that Atavist was acquired by Automattic (the owner of WordPress.com owner). The deal included Atavist’s proprietary content management system, along with digital Atavist Magazine. Automattic had acquired digital publisher Longreads in 2014. […]
Earnings Reports
BNED, However, Ends The Year On A Positive Track
Separately, Barnes & Noble Education reported fourth quarter and full fiscal year sales after the close of the market on Wednesday. Fourth quarter sales of $358 million were up 4.3 percent, and full year sales of $2,204 million were 17.6 percent higher — both due to the acquisitions of MBS in February 2017 and Student Brands in August 2017. Net income in the fourth quarter was $17.1 million, but the full-year net loss was $(253) million due to the big impairment charge they took in March. Adjusted EBITDA of $22.2 million, was $3.4 million in the fourth quarter; full year 2018 […]
Barnes & Noble Ends the Year On Further Declines
Barnes & Noble reported fourth quarter and full-year results Thursday morning, and once more the trendline for the company is decidedly downward. Sales for the quarter were $786 million, a decline of 4.3 percent from the prior year, while comparable store sales dropped 4.1 percent. Consolidated EBITDA was $6.7 million in the fourth quarter, as compared to $5.6 million a year ago. The company incurred a fourth quarter net loss of $21.1 million, or $0.29 per share, compared to a loss of $13.4 million, or $0.19 per share, in the prior year, factoring in a $7.7 million charge “associated with […]
Foreign Exchange Helps Wiley to Good Fourth Quarter
Wiley reported a good finish to their year, ending April 30, with fourth quarters sales of $477 million (up $25 million from last year), and operating income of $74.8 million (up $11.4 million). For the full year, sales of $1.796 billion were up $77.6 million from last year, with operating income of $239.5 million, up $33.3 million from last year. Foreign exchange — primarily weakness in the British pound — had a discernible impact on the results. Foreign exchange added approximately $21 million in sales and $6 million in operating income in the fourth quarter, and it accounted for approximately $60 million in sales and […]
Print Sales Slid at Indigo, Driven By Merchandise Growth
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 $2.4 million, to just $10.1 million. General merchandise added $65 million, growing to $449 million. Print now comprises 55 percent of company sales (down from 58.6 percent), and general merchandise is up to 41.6 percent of sales. The growth was distributed between their superstores — […]
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. Adult trade sales of £33.1 million were up £3.6 million. Building on those strong sales, the board “believes the group’s performance will be well ahead of our previous expectations for the forthcoming year.” Operating EBITDA before special items was £15.98 million, compared to £14.84 million […]