Barnes & Noble Reports Fiscal 2012 First Quarter Financial Results
Digital Content Sales Quadruple, BN.com Comparable Sales Increase 65%, Fiscal 2012 EBITDA Expected to Increase 30% to 50%
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(Press Release) New York, NY (August 30, 2011)— Barnes & Noble, Inc., the world's largest bookseller, today reported sales and earnings for its fiscal 2012 first quarter ended July 30, 2011.
FIRST QUARTER RESULTS
Total sales for the first quarter were $1.4 billion, a 2% increase compared to the prior year. Sales through BN.com increased 37% as compared to the prior year to $198 million, with comparable sales increasing 65%. This increase was driven by strong demand for the NOOK product line, including the continued success of the Award Winning NOOK Color, the mid-quarter launch of the NOOK Simple Touch Reader and a quadrupling of digital content sales over last year's first quarter.
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