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Barnes & Noble reports on holiday sales

  • Barnes & Noble (BKS) reports its holiday sales fell 6.6% to $1.1B as store closures took a toll.
  • Comparable store sales fell 5.5%, a mark which improves to -0.2% if Nook is backed out.
  • Amid a sluggish retail season, the revenue kicked up by the company's bookstores was decent.
  • Digital content sales dropped 27% Y/Y during the period with the company lacking new device introductions.
  • BKS +1.4% premarket
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