Bookstore sales continued their strong rebound in 2021 over 2020 in November. Preliminary estimates from the U.S. Census Bureau indicate bookstore sales were $709 million, up 43% over the $496 million in sales from November 2020.
This increase followed a 53% sales jump for year-to-year October sales.
more at source: https://www.publishersweekly.com/pw/by-topic/industry-news/bookselling/article/88309-bookstore-sales-jumped-in-november.html
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For back to school this year, Savvas Learning Company is excited to announce new and enhanced learning solutions and classroom tools designed to make teachers’ jobs easier and improve student outcomes, including the launch of its new AI-enabled scoring engine that provides teachers visibility into the reasoning behind the score as well as the ability to edit the score while also giving students immediate feedback to improve their writing skills. After acquiring Whooo’s Reading and its AI-powered technology last year, Savvas developed its own proprietary AI-driven capabilities that are being used in the development of an array of cutting-edge tools to support the teaching and learning experience. This includes the new scoring engine for use with its core literacy programs, myView Literacy and myPerspectives ELA, as well as its secondary multilingual learning and intervention programs, iLitELL and iLit45.
Third Quarter 2020 Summary(1) *Total reported sales of $2.5 Billion, down 9% versus last year and up 18% sequentially compared to the second quarter of 2020. Sequential sales performance represents an 800 basis points trend improvement when comparing year-over-year revenue performance *GAAP operating income of $102 million and net income of $57 million, or $1.04 per share, each down approximately 5% year-over-year *Improved working capital conversion resulted in operating cash flow of $309 million and adjusted free cash flow of $312 million, versus $212 and $209 million, respectively in prior year *$1.7 billion of total available liquidity including $743 million in cash
• Reported revenue increased 8%; Adjusted revenue, excluding Engineering Solutions (ES), increased 11%. • GAAP diluted EPS increased 27%, and adjusted diluted EPS increased 10% year over year. • Revenue from Sustainability and Energy Transition products accelerated to 36% year-over-year growth excluding ES. Vitality revenue, which is revenue from new or enhanced products, increased 22% (ex-ES) and contributed 12% of reported revenue in Q3. • Previously announced $500 million ASR has been completed and an additional $1.3 billion ASR to be launched in the coming weeks.