Barnes & Noble lower as sales trends outweigh margin improvement


It was race by Barnes & Noble (BKS -1.2%) to cut costs as fast as sales dropped off during Q3.

Though the company managed to improve its gross margin rates as the costs of sales and SG&A expenses fell sharply, investors are latching onto the sales trend more than the profitability swing.

The drop in Nook revenue (digital and device) wasn't a shocker, but a comp sales falloff of 4.9% at B&N bookstores was a bit wider than analysts forecast.

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs