Books-A-Million said sales for the second quarter ending August 1 dipped 0.4 percent to $107.9 million. Same-store sales dropped 0.3 percent, while their net loss of $5.8 million, or 41 cents per share, nearly doubled compared to a $3 million net loss a year ago. The quarterly results also include “higher income tax expense due to the recording of a non-cash valuation allowance and the reversal of previously recorded income tax benefits.” President and ceo Terrance Finley admitted in the release that the “phenomenal sales” of Harper Lee’s GO SET A WATCHMAN — which he had earlier categorized as the fastest-selling […]
