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%
Barnes & Noble store sales decreased 3% to $1 billion, with comparable store sales decreasing 1.6% for the quarter. While traditional physical book sales declined during the quarter, the stores posted large increases in sales of the NOOK product line and Toys & Games. In a non-back-to-school period, Barnes & Noble College Bookstore ("College") sales declined 2% to $220 million, with comparable store sales decreasing 1.8%.
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