EmailBarnes & Noble (BKS $13.25 +1.82) reported a fourth quarter loss of
($0.94) per share, excluding non-recurring items, $0.02 worse than the Capital
IQ Consensus Estimate of ($0.92).
Revenues rose 1.6% year/year to $1.42 billion versus the $1.46 billion
consensus.
In fiscal year 2012, the company issued earnings guidance of ($0.50) to ($0.10)
versus the ($0.20) Capital IQ Consensus Estimate; sees fiscal year revenue of
$7.4 billion versus the $7.42 billion Capital IQ Consensus Estimate.
For the second quarter, sales through BN.com increased 37% as compared to the
prior year to $198 million, with comparable sales increasing 65%. This increase
was driven by strong demand for the NOOK product line. Barnes & Noble store
sales decreased 3% to $1 billion, with comparable store sales decreasing 1.6%
for the quarter.
The consolidated NOOK business across all of the company's segments, including
sales of digital content, device hardware and related accessories, increased
140% in the first quarter to $277 mln, on a comparable sales basis. For the full
fiscal year 2012. Comparable sales at BN.com are expected to increase 60-70%.
Barnes & Noble comparable store sales are expected to increase 2-3% and
College's comparable store sales are expected to be flat.
than one year.
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