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Barnes & Noble Inc (BKS.N)

BKS.N on New York Stock Exchange

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23 Jan 2018
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Latest Key Developments (Source: Significant Developments)

Barnes & Noble Says ‍Total Sales For Holiday Period Were $953 Mln
Thursday, 4 Jan 2018 

Jan 4 (Reuters) - Barnes & Noble Inc ::BARNES & NOBLE INC - ‍TOTAL SALES FOR HOLIDAY PERIOD WERE $953 MILLION, DECLINING 6.4% AS COMPARED TO PRIOR YEAR​.BARNES & NOBLE INC - COMPARABLE STORE SALES ALSO DECLINED 6.4% FOR HOLIDAY PERIOD, WHILE ONLINE SALES DECLINED 4.5%.BARNES & NOBLE INC - ‍SALES TRENDS "SOFTENED" IN DECEMBER, PRIMARILY DUE TO LOWER TRAFFIC​.BARNES & NOBLE - EXPECTS COMPARABLE STORE SALES TO DECLINE IN MID-SINGLE DIGITS FOR FISCAL 2018, EXCLUDING ITEMS.BARNES & NOBLE - EXPECTS CONSOLIDATED EBITDA TO BE IN A RANGE OF $140 MILLION TO $160 MILLION FOR FISCAL 2018, EXCLUDING ITEMS.BARNES & NOBLE INC - "REMAINS FOCUSED ON EXECUTING ITS STRATEGIC TURNAROUND PLAN".  Full Article

Barnes & Noble Reports 2018 Q2 Loss Per Share $0.41
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Barnes & Noble Inc ::BARNES & NOBLE REPORTS FISCAL 2018 SECOND QUARTER FINANCIAL RESULTS.Q2 LOSS PER SHARE $0.41.Q2 EARNINGS PER SHARE VIEW $-0.26 -- THOMSON REUTERS I/B/E/S.Q2 SALES FELL 7.9 PERCENT TO $791.1 MILLION.QTRLY RETAIL SALES $769.7 MILLION VERSUS $830.7 MILLION.FOR FISCAL 2018, EXPECTS COMPARABLE SALES TO DECLINE IN LOW SINGLE DIGITS​.COMPANY EXPECTS COMPARABLE STORE SALES TO BE APPROXIMATELY FLAT FOR BALANCE OF FISCAL YEAR​.ADDITIONALLY, COMPANY PLANS TO REDUCE COSTS BY $40 MILLION FOR FULL FISCAL YEAR​.QTRLY ‍COMPARABLE STORE SALES DECREASED 6.3%​.FOR FISCAL 2018, EXPECTS FULL YEAR CONSOLIDATED EBITDA TO BE APPROXIMATELY $180 MILLION.  Full Article

Barnes & Noble Reports Fiscal 2018 Second Quarter Financial Results
Thursday, 30 Nov 2017 

Nov 30 (Reuters) - Barnes & Noble Inc ::BARNES & NOBLE REPORTS FISCAL 2018 SECOND QUARTER FINANCIAL RESULTS.Q2 LOSS PER SHARE $0.41.Q2 EARNINGS PER SHARE VIEW $-0.26 -- THOMSON REUTERS I/B/E/S.Q2 SALES FELL 7.9 PERCENT TO $791.1 MILLION.- QTRLY RETAIL SALES $769.7 MILLION VERSUS $830.7 MILLION.- ‍ FOR FISCAL 2018, EXPECTS COMPARABLE SALES TO DECLINE IN LOW SINGLE DIGITS​.- ‍COMPANY EXPECTS COMPARABLE STORE SALES TO BE APPROXIMATELY FLAT FOR BALANCE OF FISCAL YEAR​.- ‍ ADDITIONALLY, COMPANY PLANS TO REDUCE COSTS BY $40 MILLION FOR FULL FISCAL YEAR​.QTRLY ‍COMPARABLE STORE SALES DECREASED 6.3%​.- FOR FISCAL 2018, EXPECTS FULL YEAR CONSOLIDATED EBITDA TO BE APPROXIMATELY $180 MILLION.  Full Article

Activist investor Sandell Asset Management wants Barnes & Noble to try again to sell itself- WSJ, citing sources
Tuesday, 25 Jul 2017 

July 24 (Reuters) - :Activist investor Sandell Asset Management recently started buying stake in Barnes & Noble, already among its 10 biggest investors- WSJ, citing sources.Activist investor Sandell Asset Management wants Barnes & Noble Inc to try again to sell itself- WSJ, citing sources.  Full Article

Barnes & Noble Inc - co, units entered into a first amendment to credit agreement
Thursday, 6 Oct 2016 

Barnes & Noble Inc : On September 30, 2016 co, units entered into a first amendment to credit agreement, dated as of August 3, 2015 - SEC filing . Amendment provides borrowers with a new "first-in, last-out" revolving credit facility of up to $50.0 million - SEC filing . Following first amendment, co maintains ability to request upto $250 million in commitment increases from lenders under credit agreement .Amendment allows company to declare and pay up to $70.0 million in dividends annually without compliance with ratio-based limitations.  Full Article

Barnes & Noble CEO Boire steps down, board determines CEO "not a good fit" for organization
Tuesday, 16 Aug 2016 

Barnes & Noble Inc : Barnes & Noble announces CEO departure . Barnes & Noble announces CEO departure . Will continue to execute on its previously announced strategic initiatives . Departure of its Chief Executive Officer, Ronald D. Boire. . Says will immediately begin an executive search for a new CEO . Executive Chairman, Leonard Riggio will postpone his retirement until a later date .Board determined that "Boire was not a good fit for organization", it was in "best interests" of all parties for him to leave co.  Full Article

Barnes & Noble Q4 sales $877 mln, down 3.7 pct
Wednesday, 22 Jun 2016 

Barnes & Noble : For fiscal year 2017, company expects comparable bookstore sales to be approximately flat to an increase of approximately 1% . Expects full year consolidated EBITDA to be in a range of $200 million to $250 million . Sees fy 2017 retail EBITDA of $240 million to $280 million and Nook ebitda losses declining to a range of $30 million to $40 million . Qtrly retail sales, which include Barnes & Noble stores and bn.com, were $850 million for quarter, decreasing 2.2% . Barnes & noble inc qtrly nook sales were $42.0 million for quarter and $191.5 million for full year, decreasing 20.0% and 27.4% . Core comparable store sales, which exclude sales of nook products, declined 0.8% for quarter . Q4 loss per share $0.24 from continuing operations excluding items . Barnes & noble inc qtrly retail comparable store sales declined 0.8% for quarter . Q4 sales $877 million, down 3.7 percent . Reports Fiscal 2016 Year-End financial results .Q4 loss per share $0.42 from continuing operations.  Full Article

Barnes & Noble Inc says founder & chairman Leonard Riggio announces retirement
Wednesday, 27 Apr 2016 

Barnes & Noble Inc:Says Founder & Chairman, Leonard Riggio that he will retire as Chairman of the Company following the annual shareholder meeting currently planned for September.Board has appointed Paul B. Guenther to serve as non-executive Chairman upon Riggio stepping down.  Full Article

Barnes & Noble Inc announces partnership with Bahwan CyberTek to outsource certain Nook technology functions
Thursday, 7 Apr 2016 

Barnes & Noble Inc:Has entered into an agreement with Bahwan CyberTek, in which BCT will take over certain NOOK technology services, including cloud management and development support for NOOK software.Says that as a result of agreement with Bahwan CyberTek, it plans to close both its Santa Clara, California and Taiwan offices.Says business will be transitioned and the offices will be closed by July 2016.Says transition is expected to result in annualized cash savings of approximately $13 million, which includes approximately $8 million of expense reductions and approximately $5 million of capital expenditure reductions.Says first quarter of fiscal 2017, company expects to record severance charges and transition related costs of approximately $6 million.  Full Article

Barnes & Noble Declares Quarterly Dividend
Wednesday, 16 Mar 2016 

Barnes & Noble, Inc:declared a quarterly cash dividend of $0.15 per share.payable on April 29, 2016 to stockholders of record at the close of business on April 8, 2016.  Full Article

BRIEF-Barnes & Noble Says ‍Total Sales For Holiday Period Were $953 Mln

* BARNES & NOBLE INC - ‍TOTAL SALES FOR HOLIDAY PERIOD WERE $953 MILLION, DECLINING 6.4% AS COMPARED TO PRIOR YEAR​