Barnes & Noble reports increase in sales and profit for Q2.
Book chain Barnes & Noble Inc (NYSE:BKS) has reported a 6% rise in sales for the second quarter of 2005.
Sales revenue in the quarter ended 30 July totalled USD1.17bn compared to USD1.10bn in the second quarter last year. Same-store sales for Barnes & Noble stores in the period were up 4.3%, while B. Dalton's same-store sales rose by just 0.2%. Sales through the website Barnes & Noble.com grew by 14% year-on-year to USD96.3m.
Net income for the group amounted to USD13.5m, or USD0.18 per share including a charge of USD0.02 per share. A year ago Barnes & Noble reported net income of USD8.7m, or USD0.12 per share.
For the third quarter of the current year Barnes & Noble forecast a net loss of USD0.01 to USD0.04 per share, including a loss of USD0.03 per share associated with a new distribution centre.
The forecast for the full year was stated as earnings per share of USD1.94 to USD1.98.
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|Publication:||M2 Best Books|
|Date:||Aug 19, 2005|
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