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
Story Inspired by H.G. Wells' 'The Invisible Man' Returns in Hardcover
July 3, 2025
First published by Vertigo, Lemire’s reimagining of the classic H.G. Wells novel The Invisible Man will return in a new hardcover edition.
From Marvel Comics
July 3, 2025
Check out the first three covers of the new series, which sees the God of Thunder reborn as a mortal.
MORE NEWS
New 'Flesh & Blood TCG' Booster Set
July 3, 2025
Legend Story Studios announced Super Slam, a new Flesh & Blood TCG booster set.
New Riff of the Classic Game of War from Chip Theory Games
July 3, 2025
Chip Theory Games will release Fight Five, a new card game, into retail.