- Revenue was $1.38 billion, up slightly from a year ago but below analysts' estimates of $1.48 billion.
- The company had a net loss of $57.7 million, or $1.08/share, slightly lower than its Q4 loss of $59.4 million, or $1.04/share, a year ago.
- Same-store sales at its 700 superstores were up 4.5% compared with Q4 last year.
- The company had higher-than-expected returns of Nook devices from retailers after the 2011 holiday season, and a decline in sales of its eReaders and tablets in Q4.
- Revenues at its Nook business, including eBooks, eMagazines and apps as well as devices, fell 19% to $164 million in the quarter.
- B&N now has 27% of the U.S. eBook market, compared to 60% for Amazon. (That leaves 13% for Apple, Kobo, Sony and everyone else.)
The Feldman File covers eBooks, publishing, new media, Internet services, consumer electronics and salsa dancing. (Okay, not salsa dancing, but it'll be interesting to see how many people looking for information on salsa dancing end up here.)
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Tuesday, June 19, 2012
Barnes & Noble's Q4 financial results
Reuters reports that Barnes & Noble released its Q4 financial results Tuesday morning:
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