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

Support BookBrowse

Become a Member and discover books that entertain, engage & enlighten!

Join Today!

Editor's Choice

  • Book Jacket: Happiness
    Happiness
    by Heather Harpham
    Of the 53 reviews submitted for Happiness, 49 readers rated it a four- or five-star book for an ...
  • Book Jacket
    My Name Is Leon
    by Kit De Waal
    Kit de Waal's striking debut, My Name is Leon, has inspired this big, long, complicated question: ...
  • Book Jacket: New People
    New People
    by Danzy Senna
    Danzy Senna has spent virtually her entire writing career exploring the complicated intersections of...

Book Discussion
Book Jacket
Little Nothing by Marisa Silver

A stunning, provocative new novel from New York Times bestselling author Marisa Silver

About the book
Join the discussion!

First Impressions

  • Book Jacket

    Young Jane Young
    by Gabrielle Zevin

    From the author of The Storied Life of A. J. Fikry comes a novel that will have everyone talking.
    Reader Reviews

Win this book!
Win The Resurrection of Joan Ashby

The Resurrection of Joan Ashby by Cherise Wolas

Epic, propulsive, incredibly ambitious, and dazzlingly written--a story about sacrifice and motherhood.

Enter

Word Play

Solve this clue:

I's A D Before D

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.