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Books-A-Million Comps Decline 3.4 Percent As Earnings Improve

August 20, 2010
By Michael Cader

The bookseller reported second quarter sales of $120 million, down 2 percent overall and down 3.4 percent on a same-store basis compared to a year ago. Net income of $1.9 million was up $500,000 compared to last year. BAMM ceo Clyde Anderson says in the release, “our team did a good job to deliver solid results in a tough environment” (which is what they usually say).

They claim in the release that it was a difficult comparison to a year ago–“the success last year of the Twilight series and titles from Glenn Beck and Mark Levin proved difficult to match with this year’s lineup.” But for those keeping track, they used that excuse a year ago (claiming at tough comparison to the release of Breaking Dawn), and in the same quarter in 2008 as well (citing “tough comparisons to last year due to the record-breaking sales of Harry Potter and the Deathly Hallows”)

They
Release

Filed Under: Booksellers, Bookstores, Earnings Reports, Free

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