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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"Our strategy of growing market share in the exploding digital content business while maximizing cash flow and EBITDA from our retail operations is paying off," said William Lynch, chief executive officer. "We plan to continue investing in the significant growth areas of our business, and in fiscal 2012, we expect to see leverage as our digital sales growth is projected to exceed the growth of investment spend. Additionally, the return on investment is expected to increase in future years, as readers purchase increasing amounts of digital content on the platform we have built."
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