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Barnes and Noble Loss Increases

Sep 10 2015

BarnesandNoble

The stock of book seller Barnes and Noble fell this week (15% on Wednesday) as their revenue fell and their costs increased. The company sold its education division which helped revenue but the retail sales and Nook sales were weak. Sales per store increased but the number of stores fell which resulted in negative revenue growth for the retail business. Sales of the Nook fell 22% from the previous year and streaming media sales were down 28%.

Analyst were looking for a profit of 12 cents but the company lost 68 cents. The retail business profit fell 32% with increased costs.

Nook loses appear to be slowing while retail sales per store are growing so there are some positives.

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