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Yesterday
Scholastic reported results from their fourth quarter and full year ended May 31. Sales for the quarter were $508, up 7 percent, with adjusted EBITDA up 1 percent to $91.2 million. Operating income was $53.5 million, a 13 percent increase. Excluding $9.9 million in one-time charges, operating income was down 5 percent to $63.4 million, due to “employee-related expenses.” In the Children’s Book Publishing and Distribution segment, sales were up 9 percent to $288.2 million. With a higher fair count, book fairs increased 5 percent to $177.8 million. Book clubs experienced lower orders, resulting in a 9 percent drop to …
Deal of the Day
Michigan MFA and recent Kenyon Review fellow in fiction Jennifer Galvao's MARIA, MARIA, set in 1950s Portugal and Newfoundland, following a young man exiled from Portugal, the wife he was forced to leave behind, and the mistress who becomes his scribe and their intermediary, tracing the unexpectedly profound epistolary relationship that develops between the two women, to Sara Birmingham at Random House, at auction, by Stephanie Delman at Trellis Literary Management (NA). Rights … read more
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publishers on a monthly basis, as well as a new digital audio upgrade, which reports sales from five publishers and
is the first available dataset for this fast-growing segment.
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