Barnes & Noble’s fiscal fourth quarter profits declined 9 percent, the chain reported today. Sales slipped to $1.85 billion for the three-month period ending Feb. 2, from $1.88 billion in the year-ago period. Same-store sales were also down for the quarter — by 0.5 percent. AP on The New York Times (Mar. 20, 2008)
B&N said recessionary pressures would make 2008 especially challenging, and that earnings per share would be “well below what analysts were expecting.” The Wall Street Journal (Mar. 4, 2008) Paid subscription may be required.
The world’s largest bookseller cut the quarterly earnings estimate by 10 cents a share, to the $1.57 to $1.76 range. Full-year guidance remains on track due to a strong first three quarters. The company also reported a 11% increase in online sales during the 9-week holiday shopping season. The Wall Street Journal (Jan. 10, 2008)
Sales for the third quarter increased 5.7% to $1.2 billion, with comp store sales increasing 2.6%, according to financial results released today by the New York-based retailer . Barnes & Noble Press Release The Wall Street Journal Subscription required. (Nov 20, 2007)