Barnes & Noble (BKS) Tops Q2 EPS by 3c, Revenues Miss, Comp. Sales Down 1.4%; Provides FY19 EBITDA Outlook

Barnes & Noble (NYSE: BKS) reported Q2 EPS of ($0.38), $0.03 better than the analyst estimate of ($0.41). Revenue for the quarter came in at $771 million versus the consensus estimate of $772.03 million.

“We saw significant improvement in our second quarter performance, especially notable in our comparable store sales,” said Len Riggio, Chairman of Barnes & Noble, Inc. “While we cannot predict the outcome of the holiday, we are putting our full effort behind our holiday plans, including launching a new ad campaign. We expect this to lead to continued sales improvement during the holiday period.”

Outlook

For fiscal 2019, the Company continues to expect EBITDA to be in a range of $175 million to $200 million, excluding unusual or non-recurring items.

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

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