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Barnes & Noble Inc (BKS.N)

BKS.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Barnes & Noble promotes Demos Parneros to CEO
Thursday, 27 Apr 2017 08:30am EDT 

April 27 (Reuters) - Barnes & Noble Inc :Barnes & Noble promotes Demos Parneros to chief executive officer.Says Leonard Riggio will step down as CEO and remain chairman of board of directors..Says Leonard Riggio will step down as CEO and remain chairman of board of directors.Says Parneros has been chief operating officer of Barnes & Noble since November 2016.  Full Article

Barnes & Noble names Demos Parneros CEO - NYT
Thursday, 27 Apr 2017 12:14am EDT 

April 27 (Reuters) - :Barnes & Noble names Demos Parneros chief executive, its fourth since 2013 - NYT.  Full Article

Barnes & Noble announces new stock repurchase program
Wednesday, 15 Mar 2017 04:15pm EDT 

Barnes & Noble Inc : Barnes & Noble announces new stock repurchase program and declares quarterly dividend . Barnes & Noble- board has authorized a new stock repurchase program of up to $50 million of its common shares, to be utilized at company's discretion .Repurchase program has no expiration date and may be suspended or discontinued at any time.  Full Article

Barnes & Noble reports Q3 earnings per share $0.96
Thursday, 2 Mar 2017 08:30am EST 

Barnes & Noble Inc : Barnes & Noble reports fiscal 2017 third quarter financial results . Q3 earnings per share $0.96 . Barnes & Noble Inc - Company now expects full year fiscal 2017 comparable store sales to decline approximately 7% . Barnes & Noble Inc- Retail sales, which include Barnes & Noble Stores and bn.com, declined 7.5% to $1.3 billion for quarter . Sees 2017 consolidated EBITDA to be in a range of $180 million to $190 million . Barnes & Noble Inc- Comparable store sales declined 8.3% for quarter . Barnes & Noble Inc - Fiscal 2017 retail EBITDA is now expected to be in a range of $200 million to $210 million . Barnes & Noble Inc - Comparable store sales declined 8.3% for quarter largely due to lower traffic . Barnes & Noble Inc- Nook sales declined 25.7% to $38.4 million for quarter .Barnes & Noble Inc - FY 2017 Nook's EBITDA loss has improved and is now expected to be approximately $20 million.  Full Article

U.S. CPSC says Barnes & Noble recalls about 147,000 units of power adapters
Wednesday, 1 Feb 2017 11:00am EST 

U.S. Consumer Product Safety Commission: Barnes & Noble recalls power adapters sold with nook tablet 7 due to shock hazard . Says no injuries related to recall have been reported . Barnes & Noble recalls about 147,000 units of power adapters .Barnes & Noble has received four reports of power adapter breaking or pulling apart exposing metal prongs.  Full Article

Barnes & Noble Q2 loss per share $0.29
Tuesday, 22 Nov 2016 08:40am EST 

Barnes & Noble Inc : Barnes & Noble reports fiscal 2017 second quarter financial results . Q2 same store sales fell 3.2 percent . Barnes & Noble Inc qtrly comparable store sales declined 3.2 pct . Barnes & Noble - continues to expect fiscal 2017 comparable store sales to decline in low single digits . Barnes & Noble - retail sales, which include barnes & noble stores and bn.com, declined 3.5 pct to $830.7 million for quarter . Barnes & Noble - expect fiscal 2017 full year consolidated ebitda to be in a range of $200 million to $250 million . Barnes & Noble-qtrly comparable store sales declined 3.2 pct on lower store traffic, which was partly offset by release of Harry Potter And Cursed Child . Barnes & Noble - nook sales, which include digital content, devices and accessories, declined 19.4 pct to $35.0 million for quarter . Barnes & Noble - 2017 retail ebitda is expected to be in a range of $240 million to $280 million . Barnes & Noble - 2017 nook EBITDA losses are expected to decline to a range of $30 million to $40 million . In q2, "experienced sluggish sales, which we believe are directly related to election cycle" . Barnes & Noble - "with election behind us, we hope and expect sales will improve over holidays" . Barnes & Noble reports fiscal 2017 second quarter financial results . Q2 sales fell 4 percent to $858.5 million.  Full Article

Barnes & Noble appoints Demos Parneros as chief operating officer
Monday, 21 Nov 2016 04:30pm EST 

Barnes & Noble Inc - : Parneros, whose appointment is effective immediately, will report to Len Riggio, chairman and ceo of Barnes & Noble . Parneros joins Barnes & Noble from Staples Inc .Barnes & Noble appoints Demos Parneros as chief operating officer.  Full Article

Barnes & Noble Inc - co, units entered into a first amendment to credit agreement
Thursday, 6 Oct 2016 08:55am EDT 

Barnes & Noble Inc : On September 30, 2016 co, units entered into a first amendment to credit agreement, dated as of August 3, 2015 - SEC filing . Amendment provides borrowers with a new "first-in, last-out" revolving credit facility of up to $50.0 million - SEC filing . Following first amendment, co maintains ability to request upto $250 million in commitment increases from lenders under credit agreement .Amendment allows company to declare and pay up to $70.0 million in dividends annually without compliance with ratio-based limitations.  Full Article

Barnes & Noble CEO Boire steps down, board determines CEO "not a good fit" for organization
Tuesday, 16 Aug 2016 04:30pm EDT 

Barnes & Noble Inc : Barnes & Noble announces CEO departure . Barnes & Noble announces CEO departure . Will continue to execute on its previously announced strategic initiatives . Departure of its Chief Executive Officer, Ronald D. Boire. . Says will immediately begin an executive search for a new CEO . Executive Chairman, Leonard Riggio will postpone his retirement until a later date .Board determined that "Boire was not a good fit for organization", it was in "best interests" of all parties for him to leave co.  Full Article

Barnes & Noble Q4 sales $877 mln, down 3.7 pct
Wednesday, 22 Jun 2016 04:30pm EDT 

Barnes & Noble : For fiscal year 2017, company expects comparable bookstore sales to be approximately flat to an increase of approximately 1% . Expects full year consolidated EBITDA to be in a range of $200 million to $250 million . Sees fy 2017 retail EBITDA of $240 million to $280 million and Nook ebitda losses declining to a range of $30 million to $40 million . Qtrly retail sales, which include Barnes & Noble stores and bn.com, were $850 million for quarter, decreasing 2.2% . Barnes & noble inc qtrly nook sales were $42.0 million for quarter and $191.5 million for full year, decreasing 20.0% and 27.4% . Core comparable store sales, which exclude sales of nook products, declined 0.8% for quarter . Q4 loss per share $0.24 from continuing operations excluding items . Barnes & noble inc qtrly retail comparable store sales declined 0.8% for quarter . Q4 sales $877 million, down 3.7 percent . Reports Fiscal 2016 Year-End financial results .Q4 loss per share $0.42 from continuing operations.  Full Article

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BRIEF-Barnes & Noble promotes Demos Parneros to CEO

* Barnes & Noble promotes Demos Parneros to chief executive officer