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Article: Borders Group Updates Third Quarter Sales and Earnings Guidance.

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PR Newswire
Article date:
October 8, 2001
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ANN ARBOR, Mich., Oct. 08 /PRNewswire/ --

Borders Group, Inc., (NYSE: BGP) today announced an adjustment in consolidated earnings per share guidance for the third quarter, which ends Oct. 28. The company projects a loss of approximately four cents versus the previous projection of a penny loss for the quarter. This estimate remains an improvement over the six-cent loss for the same period one year ago. The adjusted guidance assumes that the property loss of the Borders World Trade Center store will be recoverable from insurance carriers within the third quarter.

Borders Group also updated comparable store sales figures expected for the third quarter ...

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