FedEx Corp. today reported adjusted earnings of $2.66 per diluted share for the fourth quarter ended May 31, compared to adjusted earnings of $2.54 per diluted share a year ago. For fiscal 2015, adjusted earnings were $8.95 per diluted share, compared to $7.05 per diluted share a year ago. Without adjustments, FedEx reported a loss of $3.16 per diluted share for the fourth quarter compared to a profit of $2.62 per diluted share a year ago, and earnings of $3.65 per diluted share for the full fiscal year, compared to $7.48 per diluted share last year. Quarterly consolidated earnings have been adjusted for previously announced changes in pension accounting ($4.88 per diluted share), aircraft impairments ($0.62 per diluted share), a legal reserve increase ($0.47 per diluted share) and changes in segment reporting (favorable $0.15 per diluted share).
The mix of formats sold in the Canadian book market differed only slightly from previous years, according to a recent survey and resulting data released today by BookNet Canada, the national sales tracking service.
In 2019, hardcover sales accounted for 24% of unit sales, down from 25.9% in 2018; audiobooks rose to 5% of purchases for the year, up from 3.6% in 2018. BookNet noted that 26% of audiobooks were acquired via a subscription service and were not tracked; accordingly, audiobooks may represent a higher percentage of overall book consumption. Paperbacks remained the most popular format, representing 49% of the market, while e-books’ market share remained steady at 17%.
In addition, the survey looked at where books were bought and found online channels (including websites, e-book/audio downloads, and mobile apps) represented for 51% of book purchases in 2019, down from 52.5% in 2018. Bricks-and-mortar channels including chain stores, indies, general retailers, discount stores, book clubs, and grocery, accounted for 49% of purchases, up from 47%.
Finally, fiction sales dominated the market, accounting for 52% of sales, a further 35% were nonfiction, and the final 13% were for children’s and young adult books
A full report documenting overall sales and trends for 2019 will be released later this quarter.