U.S. e-commerce sales up 25% in June (chainstoreage.com)

Total revenues across all categories for June 2024 were up 6.2% as compared to June 2023, coming in at $1.1 billion. Year-to-date revenues were up 5.6%, at $6.3 billion for the first six months of the year. Trade (Consumer Books) revenues were up 4.5% in June, coming in at $677.0 million. In terms of physical paper format revenues during the month of June, in the Trade (Consumer Books) category, Hardback revenues were up 6.6%, coming in at $212.5 million; Paperbacks were up 0.3%, with $249.3 million in revenue; Mass Market was down 17.5% to $11.7 million; and Special Bindings were up 32.3%, with $15.5 million in revenue. eBook revenues were up 5.4% for the month as compared to June 2023 for a total of $84.8 million, and the Digital Audio format was up 6.2% for June, coming in at $79.7 million in revenue. Physical Audio was down 20.3% coming in at $800 thousand.

FY2022 fourth quarter service performance scores covering July 1 through August 5 included: *First-Class Mail: 93.1 percent of First-Class Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Marketing Mail: 94.2 percent of Marketing Mail delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter. *Periodicals: 86.3 percent of Periodicals delivered on time against the USPS service standard, consistent with performance from the fiscal third quarter.

“The Wiley leadership team and I are pleased with how we started the year, as measured by both our performance indicators and financial results,” said Matthew Kissner, Wiley President and CEO. “Research delivered solid growth driven by robust demand to publish in our journals and execution of our publishing and go-to-market strategies. Learning delivered strong growth as it sees continued demand for its authoritative content in training GenAI models and core growth in Academic. Finally, we closed our third and final divestiture and actioned the remainder of our $130 million cost savings program, positioning us for further performance and profit improvement.” GAAP Results: Revenue of $404 million (-10%), Operating Income of $29 million (+$45 million)