Bloomsbury Publishing revenues slip 3% as amid weaker performance in consumer division

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Bloomsbury Publishing said total revenues in the first quarter fell 3% as revenues in its non-consumer segment were 'slightly' offset by weaker performance in its consumer segment against a strong comparator last year.

Non-consumer revenue grew in the period, with continued 'strong performance' in the Academic and Professional division, but this was offset slightly by the consumer division, against last year's strong comparator, which included unexpectedly high sales of Kitchen Confidential, the company said.

Top-selling consumer titles in the quarter included the Harry Potter series by J.K. Rowling and City of Girls by Elizabeth Gilbert, which reached the Sunday Times and New York Times bestseller lists.

Bloomsbury also announced that the publication of Tom Kerridge's new title, Lose Weight and Get Fit, in December 2019, would be accompanied by a six-part primetime BBC Two television series of the same name.

Tom Kerridge's Fresh Start and Lose Weight for Good, which were also accompanied by TV series, had been significant titles for Bloomsbury over the last two years, the company said.

The results for the six months ending 31 August 2019 will be announced on 29 October 2019.

At 10:06am: (LON:BMY) Bloomsbury Publishing PLC share price was +0.5p at 234.5p