Reuters logo
Barnes & Noble's Nook, ebook sales fall 25.9 pct in quarter
February 28, 2013 / 1:50 PM / 5 years ago

Barnes & Noble's Nook, ebook sales fall 25.9 pct in quarter

Feb 28 (Reuters) - Barnes & Noble Inc reported a quarterly net loss on Thursday, hurt by a sharp decline in sales in its Nook device and e-books business, as well as lower sales at its bookstores and college bookstore chain.

The largest U.S. bookstore chain reported a net loss of $6.1 million, or 18 cents per share, for the fiscal third quarter ended Jan. 26, compared with a profit of $52 million, or 71 cents, a year earlier.

Revenue at its Nook business, including e-books and devices, fell 25.9 percent to $316 million as it sold fewer e-readers and tablets. At its namesake bookstores, sales at stores open at least 15 months, excluding Nook products, slipped 2.2 percent.

At its college stores, same-store sales fell 5.2 percent.

Companywide, revenue was down 10.3 percent to $2.23 billion, below the $2.4 billion Wall Street was projecting, according to Thomson Reuters I/B/E/S.

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below