Wednesday, June 29, 2016

Barnes & Noble Education loss grows in Q4; plans new stores

Restructuring costs helped increase fourth quarter net loss at Barnes & Noble Education Inc. to $2.8 million from $300,000 in the fourth quarter of fiscal 2015.
 
Not all the fourth quarter fiscal news was negative, however. Total sales rose 8% to $294.8 million from $274 million, aided by a 4.5% increase in same-store sales.
 
In addition, Barnes & Noble Education plans to open 32 new stores in fiscal 2017, with openings more heavily weighted to the early part of the year. The retailer estimates first-year sales of approximately $110 million from the new stores.. . . more

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