For the Fourth Quarter of Fiscal 2018 • Net sales increased 9.7% to $2,124.7 million compared to $1,937.6 million in the fourth quarter of fiscal 2017. Excluding the sales for the 53rd week of fiscal 2017 of $108.8 million, sales increased by 16.2%; • Comparable sales (sales for stores open at least 14 months and e-commerce sales) increased 9.4% compared to an increase of 8.8% in the fourth quarter of fiscal 2017. The 9.4% comparable sales increase was driven by 7.1% transaction growth and 2.3% growth in average ticket; For the Full Year of Fiscal 2018 • Net sales increased 14.1% to $6,716.6 million compared to $5,884.5 million in fiscal 2017. Excluding the sales for the 53rd week in fiscal 2017 of $108.8 million, sales increased 16.3%; • Comparable sales increased 8.1% compared to an increase of 11.0% in fiscal 2017. The 8.1% comparable sales increase was driven by 5.3% transaction growth and 2.8% growth in average ticket; Click Read More below for additional detail.
Meredith Corporation (NYSE:MDP; www.meredith.com) – the leading diversified media company reaching nearly 190 million American consumers each month including almost 90 percent of U.S. millennial women – announced today a reimagining of the Entertainment Weekly brand that includes PEOPLE Deputy Editor JD Heyman taking the reins as Editor-in-Chief, along with increased investment in EW.com and digital, social, video and experiential platforms.
“Entertainment Weekly remains one of the most trusted brands in the entertainment industry, and we plan to deepen our connection with our loyal fans,” said Bruce Gersh, President of the Meredith Entertainment Group that includes PEOPLE, Entertainment Weekly and People en Español. “With the vision and experience to produce premium entertainment content, JD Heyman is the perfect choice as we reimagine the EW brand for accelerated growth and success. I want to thank Henry Goldblatt, who is stepping down as EW’s editorial leader after a distinguished 17-year tenure, and I wish him the best in his next chapter.”
The August issue will mark Entertainment Weekly’s first as a monthly and is timed to Comic Con, the largest celebration of the contribution of comics to art and culture. Featuring a perfect binding, the monthly issue will include more insider access, humor and in-depth coverage about the entertainment world in a more deluxe product. The magazine will continue to produce special interest magazines to coincide with big entertainment industry moments.
more detail at: https://ir.meredith.com/news-releases/press-release-details/2019/Meredith-Announces-Reimagining-Of-Entertainment-Weekly-Brand/default.aspx