The Home Depot® reported sales of $28.3 billion for the first quarter of fiscal 2020, a 7.1 percent increase from the first quarter of fiscal 2019. Comparable sales for the first quarter of fiscal 2020 were positive 6.4 percent, and comparable sales in the U.S. were positive 7.5 percent. Net earnings for the first quarter of fiscal 2020 were $2.2 billion, or $2.08 per diluted share, compared with net earnings of $2.5 billion, or $2.27 per diluted share, in the same period of fiscal 2019. For the first quarter of fiscal 2020, diluted earnings per share decreased 8.4 percent from the same period in the prior year.
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.