Barnes & Noble (BKS) Misses Q1 EPS by 14c, Revenues Miss

Barnes & Noble (NYSE: BKS) reported Q1 EPS of ($0.23), $0.14 worse than the analyst estimate of ($0.09). Revenue for the quarter came in at $795 million versus the consensus estimate of $833.4 million.

“We fully realize that cutting expenses does not alone provide a path to the long term viability of any retail business. Therefore, our short and long term focus is to grow our top line, and, by doing so, provide us the cash flow needed to grow our business,” said Len Riggio, Chairman of Barnes & Noble, Inc. “Comparable store sales have sequentially improved each month and continued into the second quarter. Thanks are due to our team of merchants and the entire store management group from top to bottom.”

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

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