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Article: Barnes & Noble Reports First Quarter Financial Results.(Financial report)
- Article from:
- Business Wire
- Article date:
- May 21, 2009
CopyrightCOPYRIGHT 2009 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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Comparable Store Sales and Earnings per Share Exceed Forecasts
Raises Full-Year Guidance
NEW YORK -- Barnes & Noble, Inc. (NYSE:BKS), the world's largest bookseller, today reported sales and earnings for the first quarter ended May 2, 2009. In addition, the company also announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share for stockholders of record at the close of business on June 9, 2009, payable on June 30, 2009.
Total sales for the first quarter were $1.1 billion, a 4% decrease compared to the prior year. Barnes & Noble store sales decreased 3.5% to $989 million, with comparable store sales decreasing ...