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 […]
Booksellers
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 […]
A “Strong Holiday” Puts Books-a-Million In the Black for the Year
Books-a-Million reported fourth quarter sales after the close of the market on Monday, with sales rising 1.8 percent (or $3 million) to $161 million and net income jumping by 63 percent, up to $18.9 million, for the period ending January 31. The modest sales gain helped BAMM grow slightly for the year, with sales of $474 million rising $3.7 million from a year ago. More importantly, the growth in fourth quarter profits left the bookseller with net income from continuing operations of $2.9 million for the fiscal year, compared to a net loss of $8.4 million the year before. Same-store sales rose 1.7 […]
Barnes & Noble Discloses More Figures, Buys More Time from Samsung
As we’ve pointed out, Barnes & Noble’s sales of Nook-branded devices have been running well below projections and their purchase promise made to Samsung. In an amendment to that agreement dated March 7, Samsung agreed to give Nook until June 30, 2016 to purchase at least 1 million co-branded tablets — giving them an extra 9 months to try to meet their minimum. Barnes & Noble’s quarterly SEC filing also provides some additional breakdowns on their business components. In the retail stores, you can now see the balance between growing toys & games sales versus what the company has called stabilizing […]