Archive for 'publishing-profit-reports'



Nov
08
S&S Sales Are Up; Harlequin and Harper Collins Down


The non fiction self help book by Joel Osteen, Become a Better You, helped to provide Simon & Schuster with good numbers in the fourth quarter. The Secret is still selling strong and it’s sequel, The Secret Gratitude Book, is set to be on shelves in December. Sales were up in all divisions resulting in a 9% gain in total revenue ($214.2 million). There was good growth in profits despite a good number of dollars being invested to convert ALL OF ITS TITLES to digital formats with an estimated 13,000 titles being converted by the end of 2007. Oh, Simon & Schuster, how do I love thee? Converting all of your titles and making them 35% off? You go on with your bad self.Simon & Schuster has had a great year with sales up 16% and operating profits up 90%.
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HarperCollins revenue for the first fiscal quarter (ending Sept. 30) was down $38 million from the first quarter 2007. The decline was based on the lack of childrens’ book sales such as Lemony Snicket and Chronicles of Narnia which boosted sales last year. Despite the …

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Aug
10
Profits for HarperCollins

Newscorp, the parent company of HarperCollins, reported their official 2007 fiscal numbers. HarperCollins had a mixed bag for the 4th quarter. Revenue was up $39 million over the same quarter in 2006 to $295 million, but full year operating income declined $8 million.

HarperCollins indicated that that the $8 million decline was due to the 2006 sales of The Chronicles of Narnia by C.S. Lewis that were fueled by the movie remake.

“During the fourth quarter, HarperCollins had 53 books on The New York Times bestseller list, including 8 titles that reached the number one spot, and for the full year HarperCollins had 128 books on The New York Times bestseller list, including 16 titles that reached the number one position.”

HarperCollins just signed First Lady Bush and her daughter, Jenna Bush, for a picture book about a “mischievous boy who likes to do everything but read. With the help of his teacher, he finds out that books and their characters can be a lot of fun.” The book will be illustrated by Denise Brunkus, illustrator of the bestselling Junie B. Jones series.

From the Press Release and Publishers’ Weekly.