Quad/Graphics Reports $12M Loss Amid Declining Sales in Q1

Quad/Graphics posted a net loss of $12.4 million in the first quarter of 2020, the Wisconsin-based commercial printer reported on Wednesday, a significant improvement over its $22.8 million net loss in Q1 of 2019. Net sales dropped 14.4% year-over-year to $823 million, the company said, a decline that was partially mitigated by a 13.5% reduction in operating expenses, which it executed by furloughing staffers (while preserving their medical benefits), reducing capital expenditures by 45%, suspending quarterly dividends and reducing the salaries of over 750 of its highest-paid employees. "Our first quarter performance exceeded our expectations until mid-March when we started to feel the initial disruption from COVID-19," said chairman, president and CEO Joel Quadracci, who added that he's taken a temporary 50% pay cut. "We were able to deliver strong first quarter results, in part, by taking early and swift action to align our cost structure to lower volumes in certain product categories, thereby protecting our balance sheet and preserving cash flow and liquidity. We have historically treated almost all costs as variable, and demonstrated our agility to react in real-time during the pandemic to reduce costs." Quad/Graphics withdrew its full-year 2020 financial guidance in early April, citing uncertainty in customer demand as a result of the pandemic. Magazines, catalogs and special interest publications combined to form about 30% of the company's overall net sales in... Continue reading at 'Folio Magazine'

[ Folio Magazine | 2020-05-06 18:09:12 UTC ]
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Harry Potter publisher Bloomsbury reports record sales amid reading boom

People who turned to books during Covid lockdowns continuing to buy them, company saysBloomsbury has reported a record year for sales, as the Harry Potter publisher said the increase in reading during the pandemic had become “permanent” after lockdowns eased.The company benefited substantially... Continue reading at The Guardian

[ The Guardian | 2022-06-15 08:09:40 UTC ]
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The Sun records £68m loss amid falling sales and hacking damages

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[ The Guardian | 2020-02-23 15:59:03 UTC ]
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Sales Up, Loss Cut in Q1 at Scholastic

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[ Publishers Weekly | 2019-09-20 04:00:00 UTC ]
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Q1 Sales Down at B&N, As Losses Rise

Barnes & Noble’s sales fell 6.9% in the quarter ended July 28, compared to the same period last year. The company did note, however, that the sales trend improved in each month of the quarter. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-09-06 00:00:00 UTC ]
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B&N Education Sales Fall 5% in Q1, Loss Up Slightly

Barnes & Noble Education reported that revenue in the first quarter, ended July 28, fell to $337.5 million, down from $355.7 million a year ago. Continue reading at Publishers Weekly

[ Publishers Weekly | 2018-08-22 00:00:00 UTC ]
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Welsh-language novels 'enjoying golden age' despite reported sales decline

Despite news this week that sales had fallen dramatically, the Welsh Books Council’s chief says that the sector is showing real growthThe head of the Welsh Books Council (WBC) has hailed a “golden age for the Welsh-language novel” despite reports of a dramatic decline in sales.BBC Cymru Fyw... Continue reading at The Guardian

[ The Guardian | 2017-11-03 00:00:00 UTC ]
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Despite a Lift in Sales, B&NE Sees Losses Jump in Q1

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[ Publishers Weekly | 2017-08-30 00:00:00 UTC ]
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Despite Upswing in Sales, Quarto Reports Loss in 2016

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Earnings Up at HC in Q1, Despite Sales Decline

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B&N Reports Falling Sales in Fiscal 2017 Report

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[ Publishers Weekly | 2017-06-22 00:00:00 UTC ]
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Barnes & Noble Digital Sales Quadruple, Retail Sales Decline

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[ Folio Magazine | 2011-08-31 00:00:00 UTC ]
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Print Book Sales Declined 5% Last Week

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[ Publishers Weekly | 2022-06-23 04:00:00 UTC ]
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Trade Publishing Sales Rose 2.6% in Q1

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[ Publishers Weekly | 2022-05-27 04:00:00 UTC ]
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Q1 Bookstore Sales Up 16% over 2021, But Trail 2019

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[ Publishers Weekly | 2022-05-17 04:00:00 UTC ]
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[ Publishers Weekly | 2022-03-24 04:00:00 UTC ]
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French book trade reports 20% sales surge in 2021

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[ The Bookseller | 2022-01-10 14:15:46 UTC ]
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W H Smith reports £116m loss but expects return to profit in 2022

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[ The Bookseller | 2021-11-10 20:28:22 UTC ]
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Germany's Thalia reports sales uplift, but profits suffer

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[ The Bookseller | 2021-10-22 15:52:53 UTC ]
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