Barnes & Noble Reports Revenue Down 3% for the Year, Nook Revenue Down 17%

Barnes & Noble Reports Revenue Down 3% for the Year, Nook Revenue Down 17% Barnes & Noble

It turns out that the positive revenue report from the third quarter was a fluke rather than the start of a turnaround.

Barnes & Noble reported sales and earnings for its fiscal 2019 fourth quarter and fiscal year on Friday. Its sales totaled $3.6 billion for the full year and $755 million for the quarter, falling 3.0% and 3.9% from the prior year periods, respectively. Comparable store sales declined 2.3% for the fourth quarter and 1.9% for the full year.

Nook revenues totaled $92 million for the fiscal year, a decline of 17% from the previous year.

The consolidated fourth quarter net loss was $18.7 million, compared to a loss of $21.1 million in the prior year. Fiscal 2019 net earnings were $3.8 million compared to a net loss of $125.5 million  in the prior year.

Those details, plus the SEC filing, is all we will have to go on because B&N has announced that they will not be hosting a conference call this quarter to discuss the results. They've pointed at the Elliott deal as their justification.

That deal won't be completed until October, so this is more of a cop out than a valid justification.

image by JeepersMedia via Flickr

Nate Hoffelder

View posts by Nate Hoffelder
Nate Hoffelder is the founder and editor of The Digital Reader. He has been blogging about indie authors since 2010 while learning new tech skills weekly. 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.

1 Comment

  1. Xaver Basora20 June, 2019

    Nate

    The Official death spiral watch(tm) is officially opened.
    When will Barnes and Noble finally expire?

    xavier

    Reply

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