Rite Aid Corporation (NYSE: RAD) today reported operating results for its fiscal second quarter ended August 29, 2015. The company reported revenues of $7.7 billion, net income of $21.5 million or $0.02 per diluted share, and Adjusted EBITDA of $346.8 million, or 4.5 percent of revenues. "The second quarter was pivotal for Rite Aid as we completed the acquisition of EnvisionRx and worked as a team to accelerate our transformation into a retail healthcare company," said Rite Aid Chairman and CEO John Standley. "EnvisionRx made positive contributions to our performance as our Pharmacy Services Segment* delivered results that were in line with our expectations. We will continue to focus on key initiatives like wellness+ with Plenti, flu immunizations and Wellness store remodels to drive performance in our retail segment as we also leverage EnvisionRx's suite of services to create unique and integrated offerings in the healthcare marketplace."
The Association of American Publishers (AAP) today released its StatShot report for March 2020 reflecting reported revenue for all tracked categories, including Trade (consumer publications), K-12 Instructional Materials, Higher Education Course Materials, Professional Publishing, and University Presses.
Total sales across all categories for March 2020 declined 8.4% as compared to the third month of 2019, reaching $667 million. Year-to-date sales were flat with an increase of just 0.3%, totaling $2.6 billion for the first three months of 2020.
Trade sales were up 0.8% as compared to March of 2019, coming in at $560 million. Year-to-date Trade sales were up 2.6%, totaling $1.67 billion for the first three months of the year.
Physical paper formats in the Trade (consumer publications) category increased 1.2%, accounting for $411 million, or 73.4% of the category’s revenue for the month.
Downloaded Audio continued to grow during the month of March, with a 15.1% increase as compared to March of last year, reaching $50 million in revenue. Within the Downloaded Audio format, Children’s Books jumped 46.6% during the month, and 25.9% year-to-date.
On a year-to-date basis, Downloaded Audio was up 16.6% as compared to the first three months of 2019, with a total of $155 million for the year so far. The Downloaded Audio format has seen continuous growth every single month since AAP began tracking it in 2012.
eBook revenues declined 4.8% as compared to March 2019 for a total of $74 million. On a year- to-date basis, eBooks declined 5.7%, coming in at $232 million for the first three months of 2020.
In the education sector, revenues from Higher Education Course Materials dropped 8.5% to $13 million compared to March of last year, while year-to-date revenues were up 2.5%, coming in at $594 million.
Prek-12 Instructional Materials dropped 50.6% to $54 million compared to March of last year and while year-to-date revenues in the category were down 24.0%, coming in at $173 million.
Professional Books, including business, medical, law, technical and scientific, declined 21.1% for the month, generating $31 million, and up 3.8% year-to-date, with $115 million in revenue during the first three months.
more detail at: https://publishers.org/news/aap-march-2020-statshot-report-publishing-industry-declines-8-4-for-month-flat-year-to-date/