Wednesday, June 19, 2019

Barnes & Noble narrows Q4 loss and swings to profit for full year amid falling sales

Chain Store Age
Barnes & Noble reported mixed results for its fourth quarter and full year as it prepares to go private.

The struggling bookseller reported a net loss of $18.7 million for its fiscal fourth quarter ended April 27 compared to a loss of $21.1 million.

Sales totaled $755.4 million, down from $786.1 million last year. Same-store sales fell 2.3%.. . . more