Barnes & Noble (BKS) Misses Q4 EPS by 18c

Barnes & Noble (NYSE: BKS) reported Q4 EPS of ($0.42), $0.18 worse than the analyst estimate of ($0.24). Revenue for the quarter came in at $850 million versus the consensus estimate of $889.2 million.

“Core” comparable store sales, which exclude sales of NOOK products, declined 0.8% for the quarter.

NOOK sales, which include digital content, devices and accessories, were $42.0 million for the quarter and $191.5 million for the full year, decreasing 20.0% and 27.4%, respectively, due primarily to lower device and content sales.

Guidance:

For fiscal year 2017, the Company expects comparable bookstore sales to be approximately flat to an increase of approximately 1%. The Company also expects full year consolidated EBITDA to be in a range of $200 million to $250 million, with Retail EBITDA of $240 million to $280 million and NOOK EBITDA losses declining to a range of $30 million to $40 million, including previously announced transitional costs.

For earnings history and earnings-related data on Barnes & Noble (BKS) click here.

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