Consistent with other recently-reported declines, Books-A-Million said sales for the quarter ending August 3 fell 8.6 percent to $109.2 million. Same-store sales declined further, down 12 percent — and they had a big net loss of $9.0, or $61 cents per share (compared to a loss of $900,000 a year ago). Similar to BN’s recent report, BAMM had to adjust for “cumulative losses in recent years” and incurred higher income tax expenses, accounting for $7.3 million of that loss. The chain suffered from both missing hits but also a slowdown in digital growth. CEO Terrance Finley said in the release, “Results for the […]
