Barnes & Noble Reports Q2 Loss
May 23, 2008
- Retail
By Ed Christman, N.Y.
Barnes & Noble reported a $2.2 million loss, or four cents per diluted
share, on sales of $1.16 billion for the quarter ended May 3, 2008. The loss was slightly wider than the corresponding quarter in the prior year when the company recorded a net loss of $1.7 million, or 3 cents per diluted share, on sales of $1.15 million.
Comparable-store sales decreased 1.5% for the quarter.
In other news, the chain said it is considering a possible purchase of Borders, the rival book chain that put itself up for sale in March.
Barnes & Noble closed at $28.69 on May 23, down $1.18 from the previous-day close of $28.69.
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