Books-A-Million (BAMM) Comps Down 6.2% for Holiday 2009
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Books-A-Million, Inc. (NASDAQ: BAMM) today announced that sales for the nine-week period ended January 2, 2010, totaled $122.1 million compared with $127.9 million during the same period of fiscal 2009, a decrease of 4.5%. Comparable store sales for the period decreased 6.2% compared with the same period of fiscal 2009. For the first 11 months of fiscal 2010, sales decreased 1.0% to $473.6 million from $478.5 million in the year-earlier period. Comparable store sales for the first 11 months of fiscal 2010 decreased 3.7% compared with the same period of fiscal 2009.
Commenting on the results, Clyde B. Anderson, Chairman, President and Chief Executive Officer, said, “Given the challenging comparison to last year’s phenomenal success of Stephenie Meyer’s Twilight series, we were pleased with our execution during the holiday season. As was the case last year, customers shopped late in the season and proved to be value conscious responding well to our marketing efforts, bargain book department and in-store promotions.”
Commenting on the results, Clyde B. Anderson, Chairman, President and Chief Executive Officer, said, “Given the challenging comparison to last year’s phenomenal success of Stephenie Meyer’s Twilight series, we were pleased with our execution during the holiday season. As was the case last year, customers shopped late in the season and proved to be value conscious responding well to our marketing efforts, bargain book department and in-store promotions.”
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