Storm Hits BAM Forecasts — And Problems May Run Deep At the end of the day on Friday when traders were long gone Books-A-Million announced it was lowering earnings guidance for the third quarter following poor sales, now projecting a lost of six to nine cents per share instead of one to three cents a share. The announcement attributes the poor performance to after-effects of Hurricane Katrina: approximately 15 BAM stores were closed for anywhere from two ten days following the storm and “significant comparable store sales decreases occurred in stores that were not closed due to the hurricane.” A […]
