Bad News from Borders Yesterday the bookseller revised downward their sales and earnings guidance for the fiscal first quarter of 2005, ending later this month. Same-store sales at the superstores have declined 0.8 percent so far (and are down 3 percent at Walden), and they expect to record a loss for the quarter of .06 to .07 cents a share. It wasn’t that along ago (in early March) that the company was forecasting earnings of 0 to .02 cents a share for the quarter and a same-store sales increase in the “low single digits” at the Borders superstores. Fortunately for […]
