Barnes & Noble (BKS) Misses Q2 EPS by 15c, Miss on Revenues; Reaffirms FY18 Guidance

Barnes & Noble (NYSE: BKS) reported Q2 EPS of ($0.41), $0.15 worse than the analyst estimate of ($0.26). Revenue for the quarter came in at $791.12 million versus the consensus estimate of $812.2 million.

Outlook

For fiscal 2018, the Company expects comparable sales to decline in the low single digits and full year consolidated EBITDA to be approximately $180 million. The Company expects comparable store sales to be approximately flat for the balance of the fiscal year. Additionally, the company plans to reduce costs by $40 million for the full fiscal year.

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

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