Barnes & Noble Reports $15M Q2 Net Income
August 21, 2008
- Retail
By Ed Christman, N.Y.
Barnes & Noble posted $15.4 million in net income, or earnings of 27 cents per diluted share, on sales of $1.22 billion in the company's fiscal second quarter ended Aug. 2. That compares with the $18 million, or 26 cents per diluted share, it generated in the corresponding period in the prior year when sales were $1.24 billion.
Sales decreased 1.6% largely due to the absence of a Harry Potter book, something that the company enjoyed in the prior year when the last book in the series, "Harry Potter and the Deathly Hallows," was released. During the quarter comparable-stores sales decreased 4.7%.
For the six month period, Barnes & Noble produced $13.2 million in net income, or 23 cents per diluted share on sales of $2.38 billion. That's down from the $16.4 million in net income, or 24 cents per diluted share, on sales of $2.39 billion.
|
Share on LinkedIn
