Barnes & Noble Third-Quarter Sales Drop
Facebook
Facebook
Twitter
Twitter
LinkedIn
LinkedIn
Email
Email
0 Comments
Comments
"On a positive note," continues Riggio, "our gross margins continue to hold up well. We have scrupulously avoided driving unprofitable top-line sales growth with additional coupon promotions and extra discounting. Additionally, the company remains focused on producing cash flow. We are managing our working capital efficiently, which is evident in the reduction of $107 million of inventory compared to last year. The company expects to have no borrowings at year end under its $850 million revolving credit facility. Maintaining a strong balance sheet remains a major priority in this negative economic cycle."
0 Comments
View Comments
Related Content
Comments