Barnes & Noble (BKS) Reports Year-End Sales, Updates Q4 and FY EPS Guidance

Barnes & Noble, Inc. (NYSE: BKS) store sales were $1,511 million for the quarter and $4,648 million for the full year. Excluding the impact of the extra week during fiscal 2006, Barnes & Noble store sales increased 2.8% for the quarter and 4.3% for the full year as compared to the same periods in fiscal 2006. Comparable store sales decreased 0.5% for the quarter and increased 1.8% for the year.

The company is updating its fourth quarter and fiscal year 2007 guidance to $1.76 to $1.82 and $1.99 to $2.05, respectively, primarily due to two non-operating benefits received in January 2008. These benefits, comprised of property insurance and litigation settlements, totaled $6.3 million on an after-tax basis ($0.10 per share for the fourth quarter and $0.09 per share for the full year). Excluding these non-operating items, fourth quarter and fiscal year 2007 earnings per share are expected to be in the middle of the previously issued guidance range of $1.57 to $1.76 and $1.81 to $1.99, respectively. (Q4 EPS consensus is $1.71 and FY EPS consensus is $1.88)

You May Also Be Interested In

• BJ's Wholesale Club (BJ) Tops Q2 EPS by 19c, Beats on Revenue; Offers FY27 EPS Guidance
• Deere & Co. (DE) Tops Q3 EPS by 41c, raises guidance
• TJX Cos. (TJX) Tops Q2 EPS by 3c, Beats on Revenue; Offers FY27 EPS Guidance