BOOKS-A-MILLION, INC. REPORTS THIRD QUARTER RESULTS.BIRMINGHAM, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--Nov. 17, 1995--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 results for the third quarter and first nine months ended October 28, 1995. 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 for the third quarter increased 31% to $48.8 million from $37.2 million for the year-earlier period. Net income for the third quarter of fiscal 1996 was $644,000, or $.04 per share, compared with net income of $469,000, or $.03 per share, for the year-earlier period. For the first nine months of fiscal 1996, net sales increased 37% to $144.8 million from sales of $105.4 million for the similar period last year. As disclosed in August, the Company decided to accelerate the closing of traditional, mall-based bookstores in order to concentrate on its highly successful superstores This is a list of superstores by country. Multi-national
The comparison basis used to analyze the net after-tax returns on a corporate taxable bond and a municipal tax-free bond. ) for costs associated with the closings. Excluding the one-time charge, net income for the nine-month period of fiscal 1996 increased 27% to $3,222,000, or $.19 per share from $2,540,000, or $.15 per share in the year-earlier period. Including the charge, the Company reported net income of $1,397,000, or $.08 per share, for the nine months ended October 28, 1995. All share and per share figures have been adjusted to reflect the two-for-one split effected as a 100% stock dividend in September 1994. Comparable store sales for the quarter were down 1.0% for superstores and 2.6% for all stores. Superstores accounted for 78% of retail store sales, up from 65% for the third quarter of last year. 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, "Although we are pleased with our earnings for the third quarter, we are disappointed in comparable store sales for the period and are working hard to improve upon these results. We believe we are well-positioned for a successful holiday selling season. Among the many new books for which we have high expectations are William Bennett's Children's Book of Virtue and Moral Compass, Bill Gate's The Road Ahead, Danielle Steel's Five Days in Paris and The Christmas Box, by Richard Paul Evans Richard Paul Evans (born October 11, 1962 in Salt Lake City, Utah) is an American author. Evans graduated with a B.A. degree from the University of Utah in 1984. While working as an advertising executive he wrote a Christmas story for his children. . Year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. , we have opened 19 superstores and expect to open two additional superstores in November." 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 137 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 28, October 29,
1995 1994
Net sales $ 48,766 $ 37,194
Operating income 1,270 615
Net income $ 644 $ 469
Net income per share $ .04 $ .03
Weighted average number of shares
outstanding 17,381 17,325
39 Weeks Ended
October 28, October 29,
1995 1994
Net sales $144,810 $105,406
Operating income
(before store closing charge) 5,406 3,600
Net income $ 1,397 $ 2,540
Net income per share $ .08 $ .15
Net income (excluding store
closing charge) $ 3,222 $ 2,540
Net income per share (excluding store
closing charge) $ .19 $ .15
Weighted average number of shares
outstanding 17,366 17,319
CONTACT: Books-A-Million Inc., Birmingham Sandra sandra (sänˑ·dr  ),adj B. Cochran, 205/942-3737 |
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