Barnes & Noble reported lower sales but improved earnings in its Q4 and fiscal year ended April 27, the company reported Wednesday. Sales were down 3.9% for the quarter to $765 million, and down 3.0% for the full year to $3.6 billion. Comparable store sales were down 2.3% for the quarter and 1.9% for the year. The declining comps in the spring quarter were flagged by the company when it reported its holiday quarter and indicated that post-holiday sales were down (see "Barnes & Noble Has Best Same Store Comps in Years, Then Lowers Guidance").
Earnings improved due to cost-cutting. The company lost $18.7 million in its fiscal Q4, an improvement from its loss of $21.1 million in the year ago quarter. Barnes & Noble showed a profit of $3.8 million for the year, a big improvement from its $125.5 million loss the previous year.
This round of financials will probably be the company’s last as a public company before it is taken private by the owner of Waterstones, which reached a deal to acquire the chain earlier this month (see "Barnes & Noble Sold to Elliott").

In Final Public Report
Posted by Milton Griepp on June 20, 2019 @ 8:37 am CT

MORE COMICS
'Time Before Time' Co-Writers Reunite for New Series
July 30, 2025
McConville and Shalvey, who co-wrote the time-travel mystery Time Before Time, join forces for the next arc of The Terminator.
Eisner-Winning Manga Inspired Two Films
July 30, 2025
The manga, which won a 2007 Eisner Award, inspired both the 2003 film by Park Chan-wook and the 2013 remake by Spike Lee.
MORE NEWS
Adventure Set, Miniatures for ‘Evolved Edition’
July 30, 2025
Free League Publishing announced the Rapture Protocol Cinematic Adventure Set and Rapture Protocol Miniatures Set for the ALIEN RPG: Evolved Edition .
With New 'Fruit Slice' Dice Sets
July 30, 2025
Sirius Dice will release Fruit Slice Dice Sets into retail.