The Largest Quarter in Our History

We just announced today that the quarter ending September 30 was the largest in our 209-year history. Net revenues were up 10% for the quarter and 10% for the first six months of its fiscal year. (Our fiscal year runs from April 1 to March 31.) EBITDA was up 10% for the quarter and 18% fiscal year-to-date.

Fireworks

Our publishing segment has been especially sucessful this year. It was up 12% for the six months ending September 30. I believe this is the direct result of our One Company initiative. This initiative has afforded us the focus we needed to create products that are relevant to consumers.

For the first six months of this fiscal year, the categories that experienced double-digit growth included Gift Books with a 53% increase, Curriculum with a 39% increase, Business & Culture with a 15% increase, and Bible & Reference with an 11% increase over last year.

Best yet, our growth is spread over multiple sales channels, with our four largest channels growing the most dynamically. The ministry sales division, responsible for selling our products directly to individuals and churches, increased sales 35% over last year. And, in spite of a challenging retail environment, all of the Company’s retail sales channels have experienced double-digit growth. The mass-market channel that includes Wal-Mart, Sam’s Club and Costco increased sales by 30%, the general book retail channel by 16%, and the Christian retail channel by 15%.

We have also had good success on the bestsellers list. So far this fiscal year, we have had ten books on the New York Times bestseller. Denise Jackson’s candid memoir, It’s All About Him, John and Stasi Eldredge’s revealing book for women Captivating, and Max Lucado’s encouraging message of hope 3:16, currently reside on the list in their respective categories. Blue Like Jazz, Donald Miller’s remarkable memoir about his journey back to God spent more than 45 weeks on the New York Times bestseller list.

I anticipate that our momentum will carry into the second half of the year. With new releases from John Maxwell, John Eldredge, Chuck Swindoll and Ted Dekker in the second half of our fiscal year, I expect our double-digit growth to continue.

Please note: I incorrectly reported the growth of Study Bibles in my original post and in the press release. Because of the One Company reorganization, we can’t actually measure Study Bibles as a separate category. (We are measuring it now, but we didn’t last year, so there’s no basis for comparison. My apologies for any confusion.)

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  • http://www.michaelsampson.net/ Michael Sampson

    Wow, congratulations to the whole team!! This is great news.
    M.

  • http://www.michaelsampson.net Michael Sampson

    Wow, congratulations to the whole team!! This is great news.
    M.

  • Jeff DeVerter

    I'd like to think it also has something to do w/ the transparent & prolific blogging going on around here :-D

  • Jeff DeVerter

    I’d like to think it also has something to do w/ the transparent & prolific blogging going on around here :-D

  • http://spudlets.wordpress.com/ Marc V

    Congratulations! I was wondering if you would have posted a picture of you with a big cigar and grin (rather than the fireworks), but I suppose that would not be a good image for someone in the Christian publishing market.

    I'm curious to hear how an established line of Bible & Reference, which you wouldn't expect to change much quarterly and is fairly competitive, had a relatively large jump. Marketing?

  • http://spudlets.wordpress.com Marc V

    Congratulations! I was wondering if you would have posted a picture of you with a big cigar and grin (rather than the fireworks), but I suppose that would not be a good image for someone in the Christian publishing market.

    I’m curious to hear how an established line of Bible & Reference, which you wouldn’t expect to change much quarterly and is fairly competitive, had a relatively large jump. Marketing?

  • http://www.michaelhyatt.com/ Michael Hyatt

    Marc,

    The jump in Bibles is attributable to (a) our new felt-needs Bible Merchandising Program and (b) the early success of the Word of Promise audio New Testament, starring Jim Caviezel.

    Thanks,

    Mike

  • http://www.michaelhyatt.com Michael Hyatt

    Marc,

    The jump in Bibles is attributable to (a) our new felt-needs Bible Merchandising Program and (b) the early success of the Word of Promise audio New Testament, starring Jim Caviezel.

    Thanks,

    Mike

  • John Young

    Great news and well deserved applause to a company that sharp, focused, and not bogged down at all. Congratulations. I've followed TNP for 2 decades and always appreciated how most of the time your best sellers include imprints 2-3 years old. Eldridge & Miller have done more than exceed goals but are great examples of TNP's original mission, to release product that changes lives.

  • John Young

    Great news and well deserved applause to a company that sharp, focused, and not bogged down at all. Congratulations. I’ve followed TNP for 2 decades and always appreciated how most of the time your best sellers include imprints 2-3 years old. Eldridge & Miller have done more than exceed goals but are great examples of TNP’s original mission, to release product that changes lives.

  • http://www.colleencoble.com/ colleen Coble

    Wow, this is great news for those of us in your author stable to hear too! I'm always saying Thomas Nelson is the best publishing house out there. It's not just the sales, it's the people who make this all happen that make Nelson such a wonderful house. I'm blessed to have a tiny part of it!

    I'm lifting my coffee cup in salute to your awesome leadership of this great ship, Mike!

  • http://www.colleencoble.com colleen Coble

    Wow, this is great news for those of us in your author stable to hear too! I’m always saying Thomas Nelson is the best publishing house out there. It’s not just the sales, it’s the people who make this all happen that make Nelson such a wonderful house. I’m blessed to have a tiny part of it!

    I’m lifting my coffee cup in salute to your awesome leadership of this great ship, Mike!

  • http://www.michaelhyatt.com/ Michael Hyatt

    Thanks, Colleen. You are very kind!

  • http://www.michaelhyatt.com Michael Hyatt

    Thanks, Colleen. You are very kind!

  • http://www.elizabethingersoll.blogspot.com/ Beth Ingersoll

    Congrats! I hope that trend continues for you…

  • http://www.elizabethingersoll.blogspot.com Beth Ingersoll

    Congrats! I hope that trend continues for you…

  • Lindsay Terry

    Mike,
    Congratulations to you and everyone at TNP!!
    I am elated that the whole Company is having such success. I am also excited that my new book, I COULD SING OF YOUR LOVE FOREVER: The Stories Behind 100 of the World’s Great Worship Songs, due out in early ‘08, will be in the Gift Books division which had such an astounding increase — 53%.

    Thank you and the good folks at TNP for allowing me to be a part of the company!

    Lindsay Terry

  • Lindsay Terry

    Mike,
    Congratulations to you and everyone at TNP!!
    I am elated that the whole Company is having such success. I am also excited that my new book, I COULD SING OF YOUR LOVE FOREVER: The Stories Behind 100 of the World’s Great Worship Songs, due out in early ‘08, will be in the Gift Books division which had such an astounding increase — 53%.

    Thank you and the good folks at TNP for allowing me to be a part of the company!

    Lindsay Terry

  • David Todd

    Congratulations on a successful quarter and six months! Gift books up 53%? Wow! Hey, maybe I should re-submit my rejected gift book manuscript! ;)

  • David Todd

    Congratulations on a successful quarter and six months! Gift books up 53%? Wow! Hey, maybe I should re-submit my rejected gift book manuscript! ;)

  • http://danieldarling.com/ Daniel Darling

    Mike,

    I noticed that sales to individuals and churches are up 35%. I'm guessing a lot of that is church bookstores–especially megachurches.

    Do you think megachurch bookstores are overtaking the market that was once occupied by independent Christian bookstores? That's kind of what I have noticed. After all, a typical megachurch has thousands of people on a Sunday–much more traffic than a Christian bookstore might.

    I'm curious as to your thoughts on that.

  • http://danieldarling.com Daniel Darling

    Mike,

    I noticed that sales to individuals and churches are up 35%. I’m guessing a lot of that is church bookstores–especially megachurches.

    Do you think megachurch bookstores are overtaking the market that was once occupied by independent Christian bookstores? That’s kind of what I have noticed. After all, a typical megachurch has thousands of people on a Sunday–much more traffic than a Christian bookstore might.

    I’m curious as to your thoughts on that.

  • http://rebeccaluellamiller.wordpress.com/2007/10/11/thoughts-on-christian-fiction/ A Christian Worldvie

    Thoughts on ChristinFiction

    As you may remember, I enjoy reading the blog by Thomas Nelsons President and CEO, Michael Hyatt, From Where I Sit. This week he posted a report on the sales at Thomas Nelson which showed remarkable growth. He ties the gains into the changes ma…

  • http://rebeccaluellamiller.wordpress.com/2007/10/11/thoughts-on-christian-fiction/ A Christian Worldview of Fiction

    Thoughts on ChristinFiction

    As you may remember, I enjoy reading the blog by Thomas Nelsons President and CEO, Michael Hyatt, From Where I Sit. This week he posted a report on the sales at Thomas Nelson which showed remarkable growth. He ties the gains into the changes ma…

  • http://davidabooth.blogspot.com/ David A Booth

    Well done!

    Best wishes,

    David

  • http://davidabooth.blogspot.com David A Booth

    Well done!

    Best wishes,

    David