Barnes & Noble (BKS) PT Lowered to $5 at Craig-Hallum; Guidance 'Aspirational'

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Go back to Barnes & Noble (BKS) PT Lowered to $5 at Craig-Hallum; Guidance 'Aspirational'

Barnes & Noble Reports Fiscal 2019 First Quarter Financial Results

September 6, 2018 8:30 AM EDT

Sales Consistently Improve Throughout the First Quarter and into the Second Quarter

NEW YORK--(BUSINESS WIRE)-- Barnes & Noble, Inc. (NYSE: BKS) today reported sales and earnings for its fiscal 2019 first quarter ended July 28, 2018.

Total sales for the first quarter were $795 million, declining 6.9% as compared to the prior year, with comparable store sales declining 6.1%. Comparable store sales improved each month of the quarter, declining 7.8%, 6.1% and 4.5%. The sales trend continued to improve into the second quarter, declining 0.8% in August.

We fully realize that cutting expenses does not... More