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June 22, 2017By Michael Cader

Sales Continue Falling at Barnes & Noble, But Earnings Improve

June 22, 2017By Michael Cader

Barnes & Noble continued to suffer from declining sales in their fourth quarter, ending April 29, but a reduced loss in the period and improved earnings for the fiscal year gave investors some confidence. After closing Wednesday near an all-time low of $6.50 a share, investors were relieved by the improvement in profits and stabilization at the company, sending the stock back up by roughly 7 percent in the first hour of trading, returning to around $7 a share. Sales for the quarter were $821 million, down 6.3 percent both overall and on a same-store basis. Online sales nudged up […]

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Filed Under: Booksellers, Earnings Reports

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