Barnes & Noble reported earnings for their fiscal first quarter on Thursday morning, through July 29, and the trendlines: Lower sales, lower store comps, and continuing losses, with both sales and earnings missing analysts’ modest expectations, sending shares down almost 12 percent in early trading. Sales of $853 million were $57 million lower, down 6.6 percent, with same-store sales falling 4.9 percent, “as declines in non-book categories outpaced improved book trends during the quarter.” The net loss of $10.8 million was better than the loss of $14.4 million a year ago, though did not improve as much as expected. Nook actually […]
