BOOKS-A-MILLION, INC. ANNOUNCES RECORD THIRD QUARTER AND NINE-MONTH RESULTS.BIRMINGHAM Birmingham, cities, United States Birmingham (bûr`mĭnghăm') 1 City (1990 pop. 265,968), seat of Jefferson co., N central Ala., in the Jones Valley near the southern end of the Appalachian system; founded and inc. , Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--Nov. 17, 1994--Books-A-Million, Inc. (Nasdaq/NM:BAMM BAMM British Association of Medical Managers BAMM Bay Area Model Mugging (now Impact Bay Area) BAMM Beta and Advection Model - Medium BAMM Bay Area Math Meet (San Francisco, CA) ) today announced record results for the third quarter and 39 weeks ended October 29, 1994. For the third quarter, net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight increased 36% to $37.2 million from sales of $27.4 million in the third quarter of last year. Net income for the third quarter of fiscal 1995 was $469,000, up 46% over net income of $321,000 for the same period last year. Net income per share for the quarter was $.03 on 17.3 million shares outstanding versus $.02 on 14.9 million shares outstanding a year ago. For the first 39 weeks of fiscal 1995, net sales increased 37% to a record $105.4 million from sales of $77.2 million for the first 39 weeks of last year. Net income for the first 39 weeks was $2.5 million, up 55% over net income of $1.6 million for the same period last year. Net income per share for the first 39 weeks of fiscal 1995 was $.15 on 17.3 million shares outstanding versus $.11 on 14.6 million shares outstanding in the prior-year period. As a result of a secondary offering of 1.4 million shares of Common Stock in October 1993, the weighted average number of shares outstanding increased 16% for the third quarter and 19% for the first 39 weeks of fiscal 1995. In addition, all share and per share figures have been adjusted to reflect the two-for-one stock split effected as a 100% stock dividend in September 1994. Commenting on the results, Clyde B. Anderson Anderson, river, Canada Anderson, river, c.465 mi (750 km) long, rising in several lakes in N central Northwest Territories, Canada. It meanders north and west before receiving the Carnwath River and flowing north to Liverpool Bay, an arm of the Arctic , President and Chief Executive Officer, said, "We are very pleased with results thus far in fiscal 1995. Comparable store sales for the third quarter increased 15.3% for superstores This is a list of superstores by country. Multi-national
Books-A-Million, Inc. is one of the dominant book retailers in the southeastern United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The Company presently operates 118 bookstores in 17 states. The Company operates three distinct store formats, including large superstores operating under the names Books-A-Million and Books & Co., traditional bookstores and combination book and greeting Greeting is a way for humans[1] to intentionally communicate awareness of each other's presence, to show attention to, and/or to affirm or suggest a type of relationship or social status between individuals or groups of people coming in contact with card stores, both operating under the name Bookland Book´land` n. 1. (O. Eng. Law) Charter land held by deed under certain rents and free services, which differed in nothing from free socage lands. This species of tenure has given rise to the modern freeholds. . -0-
BOOKS-A-MILLION, INC.
Consolidated Financial Highlights
(In thousands, except per share data)
(Unaudited)
13 Weeks Ended
October 29, October 30,
1994 1993
Net sales $ 37,194 $ 27,429
Operating income 615 477
Net income $ 469 $ 321
Net income per share $ .03 $ .02
Weighted average number of shares
outstanding 17,325 14,912
39 Weeks Ended
October 29, October 30,
1994 1993
Net sales $105,406 $ 77,164
Operating income 3,600 2,516
Net income $ 2,540 $ 1,642
Net income per share $ .15 $ .11
Weighted average number of shares
outstanding 17,319 14,592
CONTACT: Books-A-Million, Inc., Birmingham Sandra sandra (sänˑ·dr  ),adj B. Cochran, 205/942-3737 |
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