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Book Sales Fell $38.6 Million at BN

As usual, Barnes & Noble followed their press release quarterly results with a more detailed SEC quarterly report that offers some additional details on the chain's performance. As we suggested yesterday, the continuing decline of Nook -- with digital content sales falling $7.1 million, or 18.9%, at about $30.5 million for the quarter…

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BN Education Has Flat Quarter

Barnes & Noble Education also reported first quarter fiscal 2017 results Thursday morning, though their mediocre showing was more in line with expectations. Fulfilling our assessment as "the growth company that doesn't grow," sales of $239 million were flat even with the addition of 33 new stores "with estimated annual sales of…

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As Feared, Barnes & Noble Reports Poor Quarter, Reduces Sales Guidance; Riggio Promises Remedies

As publishing people had feared since the abrupt announcement that CEO Ronald Boire was dismissed by Barnes & Noble after less than a year on the job, the retailer reported disappointing results for their fiscal first quarter, ending July 30, on Thursday morning. Sales of $914 million fell 6.6 percent compared to a year…

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Barnes Away

The financial weekly Barron's has had a soft spot for Barnes & Noble's stock for years, but unfortunately they have been pretty consistently -- and significantly -- wrong. Publishers are cranky about the company's underperformance in the marketplace, as sales keep ebbing even as print book sales rise, and with the…

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Results Steady At WH Smith, But...

On Wednesday WH Smith issued a short trading notice in advance of their annual results on August 31, saying the report will be "in line with expectations." Simple enough. That release inspired an equally short but potentially confusing Bloomberg piece that declares, "In the era of Facebook and Twitter, a…

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Merchandise Sales Lift Indigo

Canadian "book, gift and specialty toy retailer" Indigo reported results for their fiscal first quarter, ending July 2. Sales rose 4.4 percent, or $8.2 million, to $193.1 million for the quarter, "driven mainly by the continued double digit growth of key general merchandise categories." Book sales were up on a same-store basis, but flat overall…

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A Good Quarter for Amazon, With Media Sales Growing

Amazon reported second quarter results, with North American media sales of $2.928 billion up 12 percent (from $2.62 billion a year ago), as international media sales rose 9 percent $2.283 billion (from $2.094 billion a year ago). That's a total of $765 million lower than competitor Apple's just reported second-quarter…

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Apple Beats Low Expectations

Apple reported fiscal third quarter results on Tuesday afternoon, posting sales of $42.4 billion and earnings of $7.8 billion. While well below the comparable results from a year ago, investors were expecting a softer quarter; by slightly outperforming analysts' estimates, Apple's stock was up by close to 7 percent in after-hours…

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Barnes & Noble Education Sales Rise At End of Challenging Year

Barnes & Noble Education reported fourth quarter results on Tuesday morning, with a strong finish to the fiscal year, as sales rose 7.6 percent (or $20.8 million) to $294.8 million, with same-store sales up 4.5 percent in the period. They incurred $8.3 million in restructuring costs related to the Yuzu…

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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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