B&N Reports Revenues Down Across the Board

B&N Reports Revenues Down Across the Board Barnes & Noble Barnes & Noble released its annual report today for the fiscal year ending 2 May 2015.

According to the press release (which was also filed with the SEC as the 10-K report), the company saw a net loss was $19.4 million in the 4th quarter, compared to $36.7 million in the same period last year. For FY2015 B&N reported net earnings of $36.6 million, down from $47.3 million in the prior fiscal year.

With the exception of B&N College, revenues were down in all units, both for the quarter and for the year. On the plus side Nook revenues were half of those reported in FY2014 ($263.8 million vs $505.9 million) but the 4th quarter revenues didn't drop quite as sharply ($52.4 million vs $87.1 million).

In related news, B&N sold $177 million in digital content last fiscal year, or about 28% less than the previous year. It's a new low but the decline has slowed. Perhaps this means that the blood has stopped gushing.

B&N Reports Revenues Down Across the Board Barnes & Noble
click to embiggen

From the press release:

  • Retail: The Retail segment, which includes Barnes & Noble Bookstores and BN.com, had revenues of $869 million for the quarter and $4.1 billion for the full year, decreasing 9.0% and 4.4%, respectively.  The inclusion of the 53rd week contributed $57 million in additional sales in fiscal 2014, representing a majority of the sales decline for the quarter.
  • B&N College: The College segment had revenues of $274 million for the quarter, decreasing 8.1% as compared to a year ago.  The inclusion of the 53rd week contributed $15 million in additional sales in fiscal 2014.  ... For the fiscal year, despite the comparison to a 53-week year, College sales increased 1.4% to $1.8 billion, led by new store growth.
  • Nook: The NOOK segment (including digital content, devices and accessories) had revenues of $52 million for the quarter and $264 million for the full year, decreasing 39.8% for the quarter and 47.8% for the year.Device and accessories sales were $13 million for the quarter and $86 million for the full year, declining 48.2% and 66.7%, respectively, due to lower unit selling volume.  Digital content sales were $40 million for the quarter and $177 million for the full year, declining 36.5% and 27.8%, respectively, due primarily to lower device unit sales.

image by tompagenet

 

Nate Hoffelder

View posts by Nate Hoffelder
Nate Hoffelder is the founder and editor of The Digital Reader: He's here to chew bubble gum and fix broken websites, and he is all out of bubble gum. He has been blogging about indie authors since 2010 while learning new tech skills at the drop of a hat. He fixes author sites, and shares what he learns on The Digital Reader's blog. In his spare time, he fosters dogs for A Forever Home, a local rescue group.

11 Comments

  1. fjtorres25 June, 2015

    $177M in ebook sales definitely puts Nook in single digit market share territory.

    Reply
  2. Paul25 June, 2015

    I think its partly because ebooks are cheaper (on those that they compete with Amazon) and hence they are still selling the same number (or more) books, but the amount of money they get is halved. (like a different company I know that claimed they had 95% of their sectors jobs market online, same as they had in print, except they turned their $12 million revenue into a $2 million product as their main competitor was themselves and everyone jumped to the online product for cost reasons).

    Reply
    1. fjtorres25 June, 2015

      No, it’s not that they are selling cheaper books.

      They are simply selling a lot less books.
      (Check the latest AE report for some anecdotal evidence.)

      They are also annoying owners of Nook hardware and driving away PC and Mac readers. There’s a long list of reasons for how and why Nook is spiraling down the drain.

      Reply
      1. Paul25 June, 2015

        I did say partly….

        Reply
      2. Nate Hoffelder25 June, 2015

        Correct. Book prices rose in the Kindle Store over the past year.

        Reply
        1. Paul25 June, 2015

          Not the ones I’m buying.

          Reply
  3. Morning Links: B&N Revenues Down. Hoopla Adds Digital Comics - TeleRead: News and views on e-books, libraries, publishing and related topics26 June, 2015

    […] B&N Reports Revenues Down Across the Board (Ink, Bits & Pixels) According to the press release (which was also filed with the SEC as the 10-K report), the company saw a net loss was $19.4 million in the 4th quarter, compared to $36.7 million in the same period last year. For FY2015 B&N reported net earnings of $36.6 million, down from $47.3 million in the prior fiscal year. […]

    Reply
  4. […] for example, reported revenues of $6 billion last fiscal year, and Fnac reported revenues of 3.8 billion euros last year. And those are just […]

    Reply
  5. […] can understand the reluctance; digital revenues continue to drop quarter after quarter. B&N might take a pessimistic view and simply assume that the digital […]

    Reply
  6. […] example, in the fiscal year ending 2 May 2015, B&N reported digital content revenues of $177 million. Even if you take out B&N's cut (and knock off another few points for video and app sales), […]

    Reply
  7. […] that the Nook division has shown two years of declining revenue and has yet to show a profit in a single quarter, closing the Nook platform would be a reasonable […]

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Scroll to top
%d bloggers like this: