Barnes & Noble filed their full annual SEC report, subsequent to their basic earnings release last Thursday, which offers more specific details about the company’s performance. Perhaps most relevant are the breakdowns on sales at the BN Retail unit. As reported last week, overall sales in this division decreased $186.9 million in the just-closed fiscal year, at $4.108 billion. Actual book sales declined by $5.5 million for the year, “primarily due to lower trade and juvenile sales.” Non-book merchandise rose by $21.9 million during the year, “primarily due to the continued growth of the toys & games and gift businesses.” Online sales […]
Booksellers
Barnes & Noble Finishes with Soft Quarter
Barnes & Noble reported fourth quarter fiscal 2015 results on Thursday morning, more or less in line with analysts’ expectations, losing $19.4 million (37 cents a share) on sales of $1.184 billion. Sales fell in all three divisions and were down $138 million (or 10.4 percent) compared to a year ago — though about half of that gap is due to the inclusion of an extra 14th week in final quarter a year ago, with that extra week having comprised $72 million in sales at the BN and BN College retail units. The extra week affects comparisons for both the […]
Books-A-Million Starts the Fiscal Year on a Downward Note; HMH Completes Scholastic Edtech Acquisition
Sales dropped $2 million (or 1.9 percent) at Books-A-Million in their fiscal first quarter, ending May 2, reaching $101.8 million for the period. Same-store sales also declined 0.9 percent down 2.5 percent, and the net loss of $5.3 million was marginally improved over the $5.6 million net loss for the same time period last year. Even ceo Terrance Finley couldn’t quite issue an upbeat statement, commenting: “Our comparable store sales decline versus last year was largely due to a strong prior year title lineup in our teen category. This decline was moderated by improvements in our fiction and kids categories […]
Indigo Sales Improve Throughout Q4 and Full Year
Canada’s dominant bookseller Indigo reported fiscal fourth quarter sales (for the period ending March 28, 2015). Sales nudged up marginally, at $186.2 million CA, while the net loss of $13.9 million was slightly lower than the net loss of $14.4 million a year ago. The revenue growth was “partly offset by a lower tax recovery and higher head office costs compared to the same period last year.” For the full fiscal year, sales of $895.4 million were up 3 percent (or $27 million.) Adjusted EBITDA grew to $20.5 million from just $100,000 in 2015. On a continuing operations basis, that […]
At Apple, App Store Grows and iPad Sales Decline
Apple reported fiscal second quarter sales after the close of the market on Tuesday, with strong iPhone sales and a rapidly expanding customer base in China continuing to drive the company to excellent results. iPad sales continued their decline, moving 12.6 million units — compared to 16.3 million units a year ago — with lifetime sales since 2010 now at roughly 273 million tablets. CEO Tim Cook told investors on the conference call, “We’re clearly seeing cannibalization from iPhone and on the other side, from the Mac. And of course, as I’ve said before, we’ve never worried about that. It […]
Media Remains Moderate At Amazon; With Reports from Google and Pearson
Amazon reported first quarter sales through the end of March after the close of the market on Thursday: Net sales rose 15 percent to $22.72 billion, with a net loss of $57 million, or 12 cents a share — slightly ahead of analysts’ expectations for the company. Media sales (the category in which they include books and ebooks) remain the lowest-growing part of their business, as in recent quarters: North American media sales of $2.969 billion were up 5 percent (or $144 million) but international media sales fell on the strengthening dollar. Sales of $2.32 billion were down 12 percent (or $322 […]