Barnes & Noble Reports Increased First Quarter Sales Results

Barnes & Noble Inc. recently reported that sales for the first quarter of 2007 increased by 3 percent to $1.1 billion compared to the prior year’s first quarter. Store sales reportedly increased 3.3 percent to $1 billion and BarnesandNoble.com sales were up 8 percent to $93.8 million, also compared to Q1 of 2006.

The increase in sales was attributed to some successful titles including: Rhonda Byrne’s “The Secret,” Chris Bohjalian’s “The Double Bind,” Mohsin Hamids “The Reluctant Fundamentalist,” and others.

For the second quarter, the company anticipates comparable store sales at Barnes & Noble stores to increase in the low to mid single digits, reflecting additional sales volume expected with the July 21 release of “Harry Potter and the Deathly Hallows.”

For the full year, the company expects store sales to be flat to slightly positive.