Barnes & Noble narrows loss in Q4, looks ahead to international growth
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New York -- Barnes & Noble reported Tuesday that it narrowed its loss for the quarter ended April 28 to $57.6 million, compared with a loss of $59.4 million in the year-ago fourth quarter. Revenue was essentially flat at $1.38 billion, missing Wall Street’s expected $1.48 billion in revenue. Retail sales rose 5% to $1.05 billion and Nook sales fell 11% to $164 million, as the company took back its Nook Simple Touch e-reader from retailers to make room for new inventory. Same-store sales increased 4.5%. “We grew our business in 2012 while continuing to make the necessary investments
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- People:
- William Lynch
- Places:
- New York
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