B&N Third Quarter: Nook Drags Down Results

BookBrowse News - The Full Story

B&N Third Quarter: Nook Drags Down Results

Feb 28 2013

Barnes & Noble's third quarter revenues (ending January 26) fell 8.8%, to $2.2 billion, and the net loss was $6.1 million, compared to net earnings of $52 million a year ago. Sales of $2.2 billion were below analysts' estimates of $2.4 million, Reuters reported. As a result, in trading before markets opened, B&N stock was down 2.6%.

The company said that results were "adversely impacted" by the Nook, including $59 million in additional inventory charges because of unsold goods, $21 million in returns from partner retailers, $15 million in promotional allowances "to optimize future sales opportunities" and higher advertising charges.

More News Stories

Editor's Choice

  • Book Jacket: Call Me American
    Call Me American
    by Abdi Nor Iftin
    As a boy growing up in Mogadishu, the capital of Somalia, Abdi Nor Iftin loved watching action ...
  • Book Jacket
    Driving Miss Norma
    by Ramie Liddle, Tim Bauerschmidt
    In my cultural life, I've met and been awed by two Normas: The demanding, clueless, fiercely ...
  • Book Jacket
    Driving Miss Norma
    by Ramie Liddle, Tim Bauerschmidt
    In my cultural life, I've met and been awed by two Normas: The demanding, clueless, fiercely ...
  • Book Jacket
    The Last Ballad
    by Wiley Cash
    A hundred years ago or so, farming land west of Charlotte, North Carolina was given over to giant ...

Book Discussion
Book Jacket
The Women in the Castle by Jessica Shattuck

A nuanced portrait of war, and of three women haunted by the past and the secrets they hold.

About the book
Join the discussion!

Readers Recommend

  • Book Jacket

    A Place for Us
    by Fatima Farheen Mirza

    A deeply moving story of love, identity and belonging--the first novel from Sarah Jessica Parker's new imprint.
    Reader Reviews

Win this book!
Win If You See Me, Don't Say Hi

If You See Me, Don't Say Hi by Neel Patel

Patel's stories introduce a bold and timely new literary voice.

Enter

Word Play

Solve this clue:

A P Saved I A P E

and be entered to win..

Books that     
entertain,
     engage

 & enlighten

Visitors can view some of BookBrowse for free. Full access is for members only.

Join Today!

Your guide toexceptional          books

BookBrowse seeks out and recommends books that we believe to be best in class. Books that will whisk you to faraway places and times, that will expand your mind and challenge you -- the kinds of books you just can't wait to tell your friends about.