The economics of the publishing industry have a direct impact on bookstore profitability, as publisher decision-making affects everything from the retail price printed on a book to the marketing budgets available for bookstores. In this session, we’ll explore the financial intricacies of the publishing industry and, using a book's P&L Statement (Profit & Loss Statement), unpack the various factors that influence publisher decision-making such as production costs, distribution channels, and revenue expectations.