=Barnes & Noble (BKS) reported earnings on Tue 11/22/16 (b/o)

• Update August 2019: Barnes & Noble was acquired by Elliot Management.

Barnes & Noble beats by $0.10, reports revs in-line; reaffirms FY17 guidance :

• Reports Q2 (Oct) loss of $0.29 per share, $0.10 better than the Capital IQ Consensus of ($0.39); revenues fell 4.0% year/year to $858.5 mln vs the $850.72 mln Capital IQ Consensus.  
• Retail sales, which include Barnes & Noble stores and BN.com, declined 3.5% to $830.7 million for the quarter. Comparable store sales declined 3.2% on lower store traffic, which was partly offset by the release of Harry Potter and the Cursed Child. NOOK sales, which include digital content, devices and accessories, declined 19.4% to $35.0 mln.
• Consolidated second quarter EBITDA was $0.7 million, a $21.2 million improvement versus the prior year. NOOK EBITDA losses of $2.7 million improved $18.5 million over the prior year on continued cost rationalization efforts. Retail EBITDA increased $2.7 million to $3.5 million, as lower severance charges offset the sales decrease.
• "While we are pleased to have improved our performance due to expense reductions, we did experience sluggish sales, which we believe are directly related to the election cycle," said Len Riggio, Chairman and Chief Executive Officer of Barnes & Noble, Inc. "With the election behind us, we hope and expect sales will improve over the holidays."
• The Company continues to expect fiscal 2017 comparable store sales to decline in the low single digits and full year consolidated EBITDA to be in a range of $200 million to $250 million. Retail EBITDA is expected to be in a range of $240 million to $280 million, excluding the impact of any charges related to its cost reduction initiatives and costs associated with the recent CEO departure. NOOK EBITDA losses are expected to decline to a range of $30 million to $40 million, including previously announced transitional costs. 

Barnes & Noble (BKS) reported earnings Thur 8 Sept 2016 (b/o)

** charts before earnings **

** charts after earnings **

Barnes & Noble beats by $0.11, misses on revs; lowers comp guidance, reaffirms EBITDA:

• Reports Q1 (Jul) loss of $0.07 per share, excluding non-recurring items, $0.11 better than the Capital IQ Consensus of ($0.18); revenues fell 6.6% year/year to $913.9 mln vs the $958.12 mln Capital IQ Consensus.  
  • Retail sales, which include Barnes & Noble stores and BN.com, declined 6.1% to $881.7 million for the quarter.
  • Comparable store sales declined 6.0% for the quarter, softer than the Company's expectations, due in large part to lower traffic and the challenging retail environment.
  • NOOK sales, which include digital content, devices and accessories, declined 24.5% to $41.0 million for the quarter.
• The Company remains focused on executing its previously announced strategic initiatives to increase sales and reduce expenses. Given the softer than expected sales results to date, and the expected continuation of the challenging retail environment, the Company now expects fiscal 2017 comparable store sales to decline in the low single digits (down from flat to up 1%).
• Although the Company is reducing its comparable store sales expectations, through its expense reduction initiatives, it continues to expect full year consolidated EBITDA to be in a range of $200 million to $250 million. Retail EBITDA is expected to be in a range of $240 million to $280 million, excluding the impact of any charges related to its cost reduction initiatives and costs associated with the recent CEO departure. NOOK EBITDA losses are expected to decline to a range of $30 million to $40 million, including previously announced transitional costs. 

Barnes & Noble (BKS) earnings

 ** weekly **

**** after earnings; 6/19/12

dropped 4.00%

Barnes & Noble, Inc. BKS  today reported sales and earnings for its fiscal 2012 fourth quarter and full year ended April 28, 2012. The company also announced that it recently completed the evaluation of its reporting segments and will now report results for a separate "NOOK" operating segment. BN.com, previously a separate reporting segment, will now be included in the Retail segment.

Fourth quarter consolidated revenues increased 0.4% to $1.4 billion as compared to the prior year. The consolidated fourth quarter earnings before interest, taxes, depreciation and amortization (EBITDA) loss of $11.1 million improved 51% as compared to the prior year. The consolidated fourth quarter net loss improved 3% as compared to the prior year to $57.7 million, or $1.08 per share.

Fourth Quarter 2012 Results from Operations

Segment results for the fiscal 2012 and fiscal 2011 fourth quarters are as follows:

                                            Revenues                                     EBITDA
                          --------------------------------------------  ----------------------------------------
        $ in millions                              Increase/(Decrease)                       Increase/(Decrease)
                            Q4 2012     Q4 2011       $          %       Q4 2012   Q4 2011      $          %
                          ----------  ----------  --------  ----------  --------  --------  --------  ----------
        Retail            1,053       1,048         5         0.5 %      66        36        30        82.9 %
        College             228         216        12         5.7 %       0       (11)      12       101.6 %
        NOOK                164         183       (19)     -10.5 %     (77)     (47)     (30)     -64.3 %
        Elimination (1)     (64)       (71)       7        -9.7 %     n/a       n/a       n/a         n/a
                          ----- ---   ----- ---   ---       ----- ---   ---       ---       ---       -----
        Total             1,380       1,375         5         0.4 %     (11)     (22)      11        50.5 %
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and the next day