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More Barnes & Noble Fiscal Facts

Barnes & Noble followed their headline fourth quarter press release with more extensive SEC filings by the end of the day on Thursday providing a number of additional details worth reviewing: Settlement Credits Perhaps contributing to the company's slightly positive sales forecast for the new fiscal year, BN says that…

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Barnes & Noble Ends Fiscal Year On A Loss

Barnes & Noble reported fiscal fourth quarter sales after the close of the market on Wednesday. Sales fell $33 million (or 3.6 percent) to $877 million in the quarter. Retail sales fell $17 million -- even as physical book unit sales as measured by Nielsen Bookscan continue to rise, as…

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Bookselling: Sales Rise At Indigo In Fourth Quarter, and More

Canada's dominant bookstore chain Indigo reported results for their fiscal fourth quarter, ending April 2. Sales for the extended 14-week quarter were $220 million (CA), up $34 million from a year ago. On a 13-week, comparable store basis, superstore sales grow 14.7 percent, while small-format stores were up 15.8 percent. Online sales rose 9.8 percent.…

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Amazon Has Better-than-Expected Profit

Amazon reported first quarter sales on Thursday afternoon following the close of the market, with net income of $513 million (or $1.07 per share) that was almost double what analysts were expecting. The company's shares are up close to 10 percent in early Friday trading as a result. Net sales…

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Apple Falls Below Low Expectations -- But "Services" Still Grows

As expected, Apple reported the first year-over-year quarterly decline in revenue in more than a decade, as sales of $50.56 billion fell below analysts' lowered expectations. Sales were down in every region except Japan, with China and the rest of Asia declining more than the US (-10%) and Europe (-5%).…

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Google Play Gains Again, Even As Earnings Are Below Analysts' Estimates; Apple China iBooks Shutdown Confirmed

The headline from Thursday afternoon's earnings release from Alphabet/Google was that earnings came in below analysts' expectations, with first quarter sales of $20.3 billion up 17 percent. In the segment we follow, the glamorous "Other revenue" that incorporates the Google Play store, sales of $2.1 billion were up 24 percent…

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Bezos's Annual Letter Celebrates "Three Big Pillars," Vaguely Defends "Corporate Culture"

Amazon ceo Jeff Bezos wrote his annual letter to shareholders and, as with last year's letter, he focuses on the trinity (or "three big pillars") of Prime, Marketplace, and AWS. (The last time he mentioned readers or Kindle was two years ago.) Prime membership grew 47 percent growth in the US last year and…

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Barnes & Noble Education Gives Up On Yuzu

We've been skeptical of Barnes & Noble Education's digital platform Yuzu since they started it in 2014, ever since we learned that a yuzu "is a hybrid citrus fruit with curiously high ratio of seeds to juice." In reporting fiscal third quarter results on Tuesday morning, the company finally announced…

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Book Sales Fell at Barnes & Noble

As usual, Barnes & Noble's more detailed SEC quarterly filing followed their Thursday morning earnings report, and it offers some additional details about their business. Perhaps most notably, the company forget to underscore that in their most important holiday quarter, they sold fewer books. Book sales fell $12.3 million (or…

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Barnes & Noble Earnings Gain On Lower eBook Losses; Nook Drops UK, Apps and Video

Barnes & Noble reported results for the fiscal third quarter ending January 30 -- including the big holiday period when the company makes most of its money for the year. Sales of $1.414 billion were down $26 million (or 1.8 percent), "due to lower online sales and store closures" on the…

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