Barnes & Noble Earned $1.1B Over the Holidays

By Dianna Dilworth Comment

Barnes & Noble saw sales increase 1.6 percent during the nine-week holiday period ending Jan. 2, 2016, as compared to the same time period last year.

The company’s retail sales, which includes revenues from in-stores and, were $1.1 billion, down 0.8 percent during the time frame, which the company attributed to lower online sales and store closures. The results exclude Nook products. Nook sales were $41.2 million, representing a 25.8 percent decrease year-over-year. Here is more from the press release:

Based on the holiday sales results, the Company continues to expect fiscal 2016 core comparable store sales to increase approximately 1%, and comparable store sales to be approximately flat. The Company also continues to expect full fiscal year EBITDA losses in the NOOK segment to decline versus the prior year.