Books-A-Million said sales for the second quarter ending August 2 more or less stayed flat, dipping 0.5 percent to $108.3 million. Same-store sales inched up a mere 0.1 percent, while their net loss of $3 million, or 21 cents per share was a considerable improvement on the $9.1 million net loss of 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 said in the release: “In our BAM! retail stores, the continued improvement in […]
