Barnes & Noble (BKS) Q3 Comps Decline 5.8%
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Barnes & Noble Reports Fiscal 2018 Third Quarter Financial Results
March 1, 2018 8:30 AM ESTCompany Outlines Strategic Turnaround Plan
NEW YORK--(BUSINESS WIRE)-- Barnes & Noble, Inc. (NYSE: BKS) today reported sales and earnings for its fiscal 2018 third quarter ended January 27, 2018. Additionally, the Company outlined elements of its strategic turnaround plan.
Total sales for the third quarter were $1.2 billion, declining 5.3% as compared to the prior year. Comparable store sales decreased 5.8% for the quarter, primarily due to lower traffic. Comparable store sales trends did improve in January, declining 3.5%.
While we were disappointed with our holiday sales, comparable store sales trends did improve in... More
