Books-A-Million, Inc. Reports Outstanding Comparable Store Sales Increase of 12.2%.BIRMINGHAM, Ala ALA aminolevulinic acid. Ala alanine. ala (a´lah) pl. a´lae [L.] a winglike process. .--(BUSINESS WIRE)--Nov. 16, 1999-- 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 financial results for the third quarter and nine months ended October 30, 1999. For the 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 15.5% to $91.2 million from sales of $79.0 million in the year-earlier quarter. Comparable store sales for the quarter reflected a record increase of 12.2%. Earnings before interest, taxes and depreciation EBITD is an initialism or acronym for Earnings Before Interest, Taxes and Depreciation. See EBITDA. Some people find it useful to know this value for a business. for the third quarter increased 32.3% to $3.1 million versus $2.3 million in the year-earlier period. The Company reported a net loss for the third quarter of $924,000, or $0.05 per diluted di·lute tr.v. di·lut·ed, di·lut·ing, di·lutes 1. To make thinner or less concentrated by adding a liquid such as water. 2. To lessen the force, strength, purity, or brilliance of, especially by admixture. share, compared with a net loss of $1,459,000, or $0.08 per diluted share, for the third quarter of fiscal 1999. For the nine-month period ended October 30, 1999, net sales increased 15.0% to $266.2 million from sales of $231.4 million for the year-earlier period. Comparable store sales increased 7.5% for the nine-month period. Earnings before interest, taxes and depreciation for the nine-month period increased 23.3% to $12.5 million compared with $10.2 million in the year-earlier period. The Company reported a net loss of $595,000, or $0.03 per diluted share, compared with a net loss of $1,963,000, or $0.11 per diluted share, for the same period in fiscal 1999. Commenting on the results, Clyde B. Anderson, Chief Executive Officer said, "We are very pleased by the quarter's outstanding comparable store sales results. Sales increased in our core book business and across a broad range of merchandise categories. Our collectible collectible An asset of limited supply that is sought for a variety of reasons including, it is hoped, an increase in value. Stamps, antiques, coins, and works of art are among the many things usually classified as collectibles. category saw strong increases led by the phenomenal success of Pokemon as well as the increased interest in coin collecting coin collecting Systematic accumulation and study of coins, tokens, paper money, and objects of similar form and purpose. The long-held view that coin collecting began with the Italian Renaissance has been challenged by growing evidence that the activity is far more ." Anderson continued, "Sales at Booksamillion.com continue to grow at a rapid pace, led by strong sales of Pokemon, the Harry Potter A potter is someone who makes pottery. Potter may also refer to: People
Books-A-Million is one of the nation's leading book retailers and sells on the Internet at www.booksamillion.com. The company presently operates 182 stores in 17 states. The Company operates four distinct store formats, including large superstores This is a list of superstores by country. Multi-national
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. , and Joe Muggs Newsstands. -0-
BOOKS-A-MILLION, INC.
Unaudited Consolidated Financial Highlights
(In thousands, except per share data)
Thirteen Weeks Ended
Oct. 30, Oct. 31,
1999 1998
-------- --------
Net sales $ 91,162 $ 78,962
Earnings before interest, taxes
and depreciation 3,098 2,342
Operating loss (319) (1,026)
Net loss $ (924) $ (1,459)
======== ========
Loss per share - diluted $ (0.05) $ (0.08)
======== ========
Weighted average number of shares
outstanding - diluted 18,236 17,404
======== ========
Thirty-nine Weeks Ended
Oct. 30, Oct. 31,
1999 1998
-------- --------
Net sales $266,167 $231,386
Earnings before interest, taxes
and depreciation 12,528 10,163
Operating income 2,394 460
Net loss $ (595) $ (1,963)
======== ========
Loss per share - diluted $ (0.03) $ (0.11)
======== ========
Weighted average number of shares
outstanding - diluted 18,236 17,428
======== ========
Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This document contains certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning of the Private Securities Litigation Reform Act of 1995, that involve a number of risks and uncertainties. A number of factors could cause actual results, performance, achievements of the Company, or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the competitive environment in the book retail industry in general and in the Company's specific market area; inflation; economic conditions in general and in the Company's specific market areas; the number of store openings and closings; the profitability of certain product lines, capital expenditures and future liquidity; liability and other claims asserted against the Company; uncertainties related to Year 2000 issues; uncertainties related to the Internet and the Company's Internet initiative; and other factors referenced herein. In addition, such forward-looking statements are necessarily dependent upon assumptions, estimates and dates that may be incorrect or imprecise im·pre·cise adj. Not precise. im  pre·cise ly adv. and
involve known and unknown risks, uncertainties and other factors.
Accordingly, any forward-looking statements included herein do not
purport To convey, imply, or profess; to have an appearance or effect.The purport of an instrument generally refers to its facial appearance or import, as distinguished from the tenor of an instrument, which means an exact copy or duplicate. PURPORT, pleading. to be predictions of future events or circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or and may not be realized. Given these uncertainties, shareholders and prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligations to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion