Finance

EDC Q2 Profits Jump on Small Sales Gain
October 16, 2018 at 1:00 am

Educational Development Corp.’s rapid revenue growth stalled in the second quarter ended August 31, 2018, but the company still posted earnings growth of nearly 44%.

Bookstore Sales Slipped 1.2% in August
October 15, 2018 at 1:00 am

After a number of months of sales gains, revenue at that nation's bookstores fell 1.2% in August compared to a year ago, according to preliminary estimates released by the U.S. Census Bureau.

Trade Leads Q1 Sales at Scholastic
September 27, 2018 at 1:00 am

Scholastic revenue rose 15% in the quarter ended August 31, driven by a 40% increase in its children's book and distribution group where trade sales jumped 26%. Sales also benefited from an accounting change.

July Trade Sales Rise
September 19, 2018 at 1:00 am

According to figures from the AAP’s StatShot program, sales of adult books rose 11.1% in July over a year ago, while sales in the children’s/ya segment increased 10.3%.

Quarto to Close Minneapolis Office
September 18, 2018

Quarto Group said that as part of a companywide cost cutting program, it is shutting its Minneapolis office and closing its Voyageur Press imprint. The Cool Springs and Motorbooks imprints are continuing.

Industry Sales Dipped 1.4% in First Half of 2018
September 7, 2018

The 2018 sales decline was mainly due to a 13.6% drop in sales in the K-12 instructional materials segment. The two main consumer categories had gains with adult book sales up 4.2% and children’s/young adult sales inching up 0.3% over the first half of 2017.

Earnings Rose 23% at Wiley in Q1
September 6, 2018

Operating income rose 23.5% at John Wiley for the quarter ended July 31, over the comparable period a year ago.

Sales, Earnings Drop in First Half of 2018 at PRH
August 30, 2018

Revenue fell 3.3% in the first half of 2018 compared to a year ago at Penguin Random House, and earnings dropped 17%. The decline was attributed mainly to the negative impact of foreign exchange rates.