Borders reports quarterly earnings after the close of the market today and analysts are expecting a weak report–it’s just a question of how bad it will be. The consensus expectation is a loss of 29 cents a share, and the group guess on sales comes in at $783 million, which would be more than 17 […]
Earnings Reports
BN Continuing to Develop Digital Products
In yesterday’s conference call following their earnings reports, BN ceo Steve Riggio answered an analyst’s question about the chain’s plans for new technology and the marketplace: “We began selling digital magazines earlier this year on the website. We’re very encouraged by what we’re seeing there and like with all new strategic developments of any type, […]
Big Comp Drop at Books-A-Million
Putting Barnes & Noble’s results in context–and perhaps showing how deep the weakness in the consumer book market is running–Books-A-Million reported a same-store sales drop of 10.4 percent for their second quarter, on sales of $122.8 million. Income declined even more, with the company recording just $645,000, compared with net income of $3.1 million a […]
Falling Sales, Outlook at B&N
The lack of a comparable book sales-wise to Harry Potter and the Deathly Hallows – even with the success of Stephenie Meyer’s Breaking Dawn, the Story of Edgar Sawtelle by David Wroblewski and Randy Pausch’s The Last Lecture – took an expected toll on Barnes & Noble’s second quarter earnings. Total sales for Barnes & […]
US Situation Reflects Quarto's Second Half Losses
For the six months ended June 30, International coedition and publishing group Quarto made a pretax loss of 3.1 million pounds against a 400,000 pound profit last time as revenues rose to 43.8 million pounds from 36.6 million pounds. Revenue increased by 20% to £43.8m on an adjusted basis, with underlying sales growth of 4%. […]
Profile Books Remains Upbeat in Face of Profit Decline
For the fiscal year ending in March 2008, Profile Books reported a turnover of £7.58m and net assets increased by 18%, down from 2007’s turnover of £9.09m and 23% net asset increase. Pre-tax profit came in at £1.03m euros and operating profits were £770,000, down more than half from 2007. The publisher cited a lack […]