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Barnes and Noble | Q2 2014 Quarterly Financial Reports, Earnings, Net Income

8 years ago

Barnes and Noble
Q2 2014 Quarterly Financial Reports, Earnings, Net Income

Report Date:

November 26, 2013

Ticker Symbol:

BKS – NYSE

Company Name:

Barnes & Noble Inc.

Reporting period:

Q2-2014

REPORTING HIGHLIGHTS
  • Compared to the prior year, Barnes & Noble’s consolidated revenue declined to $1.7B, a drop of 8.0%.
  • On a same-quarter basis, Barnes & Noble’s consolidated revenues increased to $76M, an uptick of 13.7% from Q2-2013
  • On a segment-by-segment basis, Retail Sales came in at $921M which was a 7.5% decline from last year.
  • Barnes & Noble’s College Segment, which saw revenues of $738M, registered a 4.6% decline from a year ago.
  • The company's NOOK business saw a 32.2% decline in revenues from last year, coming in at $109M
  • Barnes & Noble’s Consolidated Net Earnings came in at $13.2M (or $0.15/Share) compared to $0.5M (a loss of $0.07/Share) last year

Other Highlights

Significant achievements highlighted include second quarter earnings growth due to reduced expenses and improved margins

Management is also encouraged by the strong line-up of books and games they have planned for the holiday season, including educational toys and games and a wide array of NOOK devices.

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In its forward full-year guidance, Barnes & Noble’s expects comparable store sales revenues to decline across all segments of its business – Retail (high single digits), College (low single digits) and Core Retail (low- to mid-single digits)

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