Barnes & Noble Inc (BKS) Key Developments | Reuters.com
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Barnes & Noble Inc (BKS)

BKS on New York Consolidated

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30 Jun 2016
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Latest Key Developments (Source: Significant Developments)

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

Barnes & Noble Inc says founder & chairman Leonard Riggio announces retirement
Wednesday, 27 Apr 2016 08:00am EDT 

Barnes & Noble Inc:Says Founder & Chairman, Leonard Riggio that he will retire as Chairman of the Company following the annual shareholder meeting currently planned for September.Board has appointed Paul B. Guenther to serve as non-executive Chairman upon Riggio stepping down.  Full Article

Barnes & Noble Inc announces partnership with Bahwan CyberTek to outsource certain Nook technology functions
Thursday, 7 Apr 2016 04:05pm EDT 

Barnes & Noble Inc:Has entered into an agreement with Bahwan CyberTek, in which BCT will take over certain NOOK technology services, including cloud management and development support for NOOK software.Says that as a result of agreement with Bahwan CyberTek, it plans to close both its Santa Clara, California and Taiwan offices.Says business will be transitioned and the offices will be closed by July 2016.Says transition is expected to result in annualized cash savings of approximately $13 million, which includes approximately $8 million of expense reductions and approximately $5 million of capital expenditure reductions.Says first quarter of fiscal 2017, company expects to record severance charges and transition related costs of approximately $6 million.  Full Article

Barnes & Noble Declares Quarterly Dividend
Wednesday, 16 Mar 2016 12:07pm EDT 

Barnes & Noble, Inc:declared a quarterly cash dividend of $0.15 per share.payable on April 29, 2016 to stockholders of record at the close of business on April 8, 2016.  Full Article

Barnes & Noble Inc declares quarterly dividend
Tuesday, 8 Dec 2015 04:00pm EST 

Barnes & Noble Inc:Declared a quarterly cash dividend of $0.15 per share, payable on January 29, 2016, to stockholders of record at the close of business on January 8, 2016.  Full Article

Barnes & Noble, Inc reaffirms FY 2016 comparable store sales guidance;
Thursday, 3 Dec 2015 04:05pm EST 

Barnes & Noble, Inc:Continues to expect FY 2016 comparable store sales to be approximately flat with the prior year, excluding NOOK products, comparable store sales are expected to increase approximately 1%.  Full Article

Barnes & Noble, Inc announces new stock repurchase program
Tuesday, 20 Oct 2015 08:30am EDT 

Barnes & Noble, Inc:Announces new stock repurchase program.Board of directors has authorized a new stock repurchase program of up to $50 million of its common shares.Says repurchase program has no expiration date.  Full Article

Barnes & Noble Inc completes spin-off of Barnes & Noble Education, Inc - Form - 8K
Wednesday, 5 Aug 2015 06:00pm EDT 

Barnes & Noble Inc:Says that it has completed the spin-off of Barnes & Noble Education, Inc. and distributed, on a pro rata basis, all of the shares of BNED common stock to the company’s stockholders of record as of July 27, 2015.Says that immediately following the completion of the Spin-Off, the company’s stockholders owned 100 pct. of the outstanding shares of common stock of BNED.Says following the Spin-Off, BNED operates as an independent publicly traded company.  Full Article

Barnes & Noble Inc declares a dividend $0.15
Tuesday, 14 Jul 2015 09:08pm EDT 

Barnes & Noble Inc:Has declared a dividend equal to $0.15 per share of common stock to the holders of record of the common stock as of the close of business on Aug. 7, with such dividend being payable on Aug. 17.  Full Article

Barnes & Noble, Inc comments on FY 2016 core comparable bookstore sales
Thursday, 25 Jun 2015 08:30am EDT 

Barnes & Noble, Inc:Says that for FY 2016, it expects Retail core comparable bookstore sales, which exclude sales of NOOK products, to increase about 1 pct., while College comparable store sales are also expected to increase about 1 pct.The company also expects FY 2016 EBITDA losses in the NOOK segment to decline versus the prior year.  Full Article

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Barnes & Noble looks to new products, marketing to revive sales

Barnes & Noble Inc expects new products and marketing initiatives to help it attract customers as the U.S. bookstore chain operator gears up to fight fierce competition from Amazon.com Inc .