Barnes & Noble Retail Revenues Down 8%

By Dianna Dilworth Comment

nookBarnes & Noble’s consolidated revenues for the second quarter of fiscal 2014 was  $1.7 billion, an 8 percent drop compared to the same quarter last year.  Second quarter consolidated earnings before interest, taxes, depreciation and amortization increased 13.7% to $76 million, as compared to a year ago.

Barnes & Noble retail segment, which includes sales from bookstores and businesses, reported $921 million in revenues for the quarter, a down 7.5 percent from last year.  The company’s college segment had revenues of $738 million, a 4.6 percent drop compared to last year. The company’s Nook business reported revenues of $109 million for the quarter, a whopping 32.2 percent drop over last year.

“During the second quarter, Barnes & Noble grew earnings through improved margins and reduced expenses, while also completing another successful College rush season,” stated Michael P. Huseby, President of Barnes & Noble/CEO of Nook Media.  “The company is focused on executing its plans for the holiday season and our booksellers are prepared to welcome holiday shoppers and recommend thoughtful gift ideas for everyone on their list.”