Try as it might, Scholastic just can’t escape the impact of Harry Potter on its annual financial; results. With sales of Harry Potter and the Cursed Child selling more than 4.5 million copies in the fiscal year ended May 31, 2017, Scholastic had total revenue in the year of $1.74 billion with its children’s book publishing and distribution group contributing $1.05 billion to that total. Without the benefit of a Potter blockbuster, the company’s total revenue decreased 6% to $1.63 billion in fiscal 2018. Operating income declined 38% to $55.6 million in comparison to $89.2 million in the prior fiscal year. Revenue in the children’s book publishing and distribution unit fell 9% compared to fiscal 2017, to $961.5 million. Trade sales (home to Harry Potter) fell 27%, to $223.6 million. Lower Potter revenues were partially offset by the performance of a strong core publishing list including titles from Dav Pilkey’s Dog Man and Captain Underpants series, as well as higher sales of the company’s Klutz book plus titles, Scholastic said. Also within the group, book club sales fell 5%, to $224.3 million, but book fair sales rose 1%, to $513.2 million. Click Read More below for additional information.
Amazon.com, Inc. (NASDAQ:AMZN) today announced financial results for its fourth quarter ended December 31, 2014.
Operating cash flow increased 25% to $6.84 billion for the trailing twelve months, compared with $5.47 billion for the trailing twelve months ended December 31, 2013. Free cash flow decreased to $1.95 billion for the trailing twelve months, compared with $2.03 billion for the trailing twelve months ended December 31, 2013.
Common shares outstanding plus shares underlying stock-based awards totaled 483 million on December 31, 2014, compared with 476 million one year ago.
Net sales increased 15% to $29.33 billion in the fourth quarter, compared with $25.59 billion in fourth quarter 2013. Excluding the $895 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 18% compared to fourth quarter 2013.
Operating income was $591 million in the fourth quarter, compared with operating income of $510 million in fourth quarter 2013.
Net income was $214 million in the fourth quarter, or $0.45 per diluted share, compared with net income of $239 million, or $0.51 per diluted share, in fourth quarter 2013.
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