Barnes & Noble (BKS) Misses Q2 EPS by 5c; NOOK Sales Fell 32%

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Barnes & Noble Reports Fiscal 2016 Second Quarter Financial Results

December 3, 2015 4:10 PM EST

NEW YORK--(BUSINESS WIRE)-- Barnes & Noble, Inc. (NYSE: BKS) today reported sales and earnings for its fiscal 2016 second quarter ended October 31, 2015.

Sales for the second quarter were $895 million, decreasing 4.5% as compared to a year ago. The second quarter EBITDA loss was $20.5 million, which included a $10.5 million executive severance charge related to the Barnes & Noble College spin-off. Excluding this charge, the EBITDA loss was $10.0 million, a $2.2 million improvement over the prior year.

The second quarter net loss from continuing operations was $27.2 million or $0.36 per share, compared to net loss from continuing... More