B&N Reports Revenues Down Last Quarter While Losses Shrink

Barnes & Noble has released its quarterly report today for the period ending 1 August 2015. The company reported a decline in revenues in its fiscal 2016 first quarter, including a continued steep decline in digital revenues.

First quarter consolidated revenues declined 1.5% to $1.2 billion, as compared to the prior year. This figure includes B&N College, which was not spun off until after the quarter ended.