Finance

Books Suffer from Potter Curse, Sales Tumble 17%
August 11, 2017

Unit sales of print books in the week ended Aug. 6, 2017, were down 17% from the similar week in 2016 at outlets that report to NPD BookScan. The decline was due entirely to the release last year at this time of J.K. Rowling’s Harry Potter and the Cursed Child, which sold about 2.5 million…

HC Profits Rise in Fiscal 2017
August 10, 2017

Although sales in the fiscal year, ended June 30, fell slightly from fiscal 2016, earnings increased 7.5% to $199 million at HarperCollins.

Regnery Has Soft Second Quarter
August 9, 2017

The release in last year's second quarter of Dinesh D'Souza's bestseller 'Hillary's America' made for a difficult comparison for Regnery in this year's quarter, and sales of print books fell $2.4 million.

S&S Has 10% Sales Gain in Q2
August 8, 2017

Second quarter revenue rose 10% at Simon & Schuster in the second quarter of 2017 over the comparable period in 2016, while earnings rose 8%.

Quarto Receives Unsolicited Buy-out Offer
August 8, 2017

The Quarto Group announced this morning that it has received a takeover offer from an unidentified party that the company’s board believes to be “attractive and reflective of the inherent value of the business.”

Industry Stocks: July 2017 Performances
August 4, 2017

Thanks to the request of a new shareholder that the company put itself up for sale, the stock price of Barnes & Noble rose 7.2% in July, the strongest performance of the 10 stocks listed on the Publishers Weekly Stock Index.

HMH Trade Sales Rose 9.8% in Q2
August 3, 2017

HMH attributed the improved financial performance to strong frontlist, e-book and backlist sales. The publisher touted, in particular, sales of 'The Handmaid's Tale,' in speaking to its solid backlist and e-book numbers.

Adult Trade, College Material Sales Up in Q1
August 1, 2017

The adult trade segment was one of three major publishing categories to have an increase in the first three months of 2017 over 2016. The higher educational course materials segment had the largest gain in the period, with sales up 24.3%, according to the AAP.

Hachette Sales Up 5% in First Half of 2017
July 27, 2017

A strong performance by its Nashville-based imprints FaithWords and Center Street helped lift sales 5% at Hachette Book Group in the first half of 2017 over the comparable period in 2016.

Amazon Suffers Major Earnings Drop in Q2
July 27, 2017

Increased investment led to a 51% decline in operating income in the second quarter of 2017 compared to the second quarter of 2016, Amazon reported Thursday afternoon.