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Article: Barnes & Noble Announces Second Quarter Results: Barnes & Noble Comparable Store Sales Increase 1.4%; Full Year Sales and Earnings Guidance Raised.
- Article from:
- Business Wire
- Article date:
- August 19, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- Barnes & Noble, Inc. (NYSE: BKS), the world's largest bookseller, today reported sales and earnings for the second quarter ended July 31, 2004.
SECOND QUARTER RESULTS
Barnes & Noble store sales were $961.3 million for the quarter, an increase of 5% over the prior year. Second quarter comparable store sales increased 1.4%. The company opened nine new Barnes & Noble stores and closed five locations ending the quarter with 657 stores.
B. Dalton sales, which comprise approximately 4% of total bookstore sales, were $39.9 million for the quarter, a decrease of (22%) over the prior year, due primarily to store closings. The company closed ...