B&N posted loss of $125 million on 6% sales drop in FY '18

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B&N posted loss of $125 million on 6% sales drop in FY '18

Jun 21 2018

Total sales at Barnes & Noble fell 6.0% in the fiscal year ended April 28, 2018, compared to fiscal 2017, and the retailer posted a net loss of $125.5 million last year, compared to net income of $22.0 million in fiscal 2017. Revenue last year was $3.66 billion, down from $3.89 billion in fiscal 2017.

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