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Barnes & Noble Inc (BKS)

  • Yesterday, 12:46 PM
  • Thu, Jun. 25, 8:42 AM
    • Barnes & Noble (NYSE:BKS) announces all three of its segments saw sales decline in FQ4.
    • EBITDA was higher for the quarter as the Nook loss was cut to $14.8M from $56M a year ago.
    • Core comparable-store sales for the retail segment fell 0.5%.
    • Comparable-store sales for the college segment were up 6%.
    • Guidance: Retail core comparable bookstore sales are expected to rise 1% in FY16. EBITDA losses for the Nook segment are expected to decline again.
    • BKS +2.54% premarket to $27.00.
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  • Mon, Apr. 13, 9:59 AM
    • Shares of Barnes & Noble (BKS +4.4%) came out of the gate hard after Craig Hallum starts off coverage with a Buy recommendation
    • The investment firm sets a price target of $36 on B&N - a level the stock hasn't traded at since 2008.
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  • Wed, Mar. 11, 1:07 PM
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  • Tue, Mar. 10, 9:07 AM
    • Barnes & Noble (NYSE:BKS) reports comparable-store sales at its retail bookstore chain rose 1.7% in FQ3.
    • Revenue dropped 1% for the bookstore business on a smaller store count.
    • The college segment recorded revenue +7.2% to $521M and EBITDA -20% Y/Y to $28M. Investing in the digital side of the business was a factor.
    • Losses at the Nook segment were narrowed to $29M, despite a sharp slide in revenue.
    • Guidance: B&N expects the retail bookstore comp to be in the negative low single-digits in FY15 and Nook to be unprofitable again.
    • Previously: Barnes & Noble misses by $0.30, beats on revenue
    • BKS -2.45% premarket to $24.25.
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  • Thu, Feb. 26, 10:01 AM
    • Barnes & Noble (BKS +7%) will spin off its college business into a new publicly traded company in a tax-free distribution.
    • Shareholders can expect the transaction to be completed before the end of August.
    • The development is a reversal from a prior proposal to spin off the Nook business.
    • Shares of BKS etched out a fresh 52-week high after the news hit.
  • Fri, Jan. 23, 1:22 PM
    • Barnes & Noble (NYSE:BKS) is up 3.88% on above-average volume.
    • The sorting out of short positions on BKS is in the background as shares find their way back to within a dollar of a 52-week high.
    • The B&N retail chain has put up solid core comps over the last two quarters with a thinned-out bookstore herd helping to hold up demand.
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  • Thu, Jan. 8, 9:05 AM
    • Barnes & Noble (NYSE:BKS) reports core comparable-bookstore sales rose 1.7% during the nine-week holiday period.
    • Total retail sales +0.2% to $1.1B.
    • Nook sales -55.4% to $56M on a huge slide (expected) in device sales.
    • Based on the results, B&N expects full-year core comparable-store sales to be flat and EBITDA losses in the Nook segment to decline compared to last year.
    • BKS +4.6% premarket.
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  • Dec. 11, 2014, 10:03 AM
    • The S&P Retail ETF (NYSEARCA:XRT) is up 2.3% off of today's strong read on retail sales in the U.S.
    • While the big boys are holding their own - Wal-Mart (NYSE:WMT) +1.1%, Target (NYSE:TGT) +2.0%, Costco (NASDAQ:COST) +1.0% - it's the apparel chains and specialty retailers doing the heavy lifting.
    • Retail standouts: Barnes & Noble (NYSE:BKS) +3.3%, CST Brands (NYSE:CST) +3.3%, Ascena Retail (NASDAQ:ASNA) +3.2%, Williams-Sonoma (NYSE:WSM) +3.0%, Express (NYSE:EXPR) +2.9%, Stein Mart (NASDAQ:SMRT) +2.7%.
    • Previously: Retail Sales report, highlights
    | 1 Comment
  • Dec. 5, 2014, 5:30 PM
    • Following a 7.6% gain today, Barnes & Noble (NYSE:BKS) has more than erased the big losses it initially saw on Thursday after posting an FQ2 EPS miss and announcing it's buying back Microsoft's 17.6% Nook Media stake.
    • TheDeal reports today Wal-Mart is interested in the e-book market and could make a bid for Nook Media. Worth noting: Much of Nook Media's value is tied to its college bookstore ops rather than the Nook hardware and digital content businesses.
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  • Dec. 4, 2014, 9:49 AM
    • Along with its FQ2 results, Barnes & Noble (BKS -11.4%) has announced it's buying Microsoft's (MSFT +1.6%) stake in Nook Media for $62.4M in cash and 2.7M shares (current value of $52.8M). The companies have also "agreed to terminate their commercial agreement." (8-K)
    • With Microsoft having invested $300M in Nook Media (contains B&N's Nook hardware, online bookstore, e-book, and college bookstore ops) in 2012 for a 17.6% stake, the software giant is taking a ~$185M loss on its investment.
    • B&N's Nook segment revenue (covers hardware, digital content, and accessories) fell 41.3% Y/Y in FQ2 to just $62M, thanks to tough competition from Amazon and ongoing tablet cannibalization of e-readers. B&N's college segment saw revenue rise 1.9% to $751M.
    • The sale follows Microsoft's July decision to lay off roughly half the workers in its Nokia phone unit, as part of a broader restructuring.
  • Sep. 9, 2014, 9:24 AM
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  • Sep. 9, 2014, 8:59 AM
    • Barnes & Noble (NYSE:BKS) reports a 5.3% drop in sales for its Retail segment to $955M in FQ1.
    • Revenue for the College segment was flat at $226M, while Nook saw sales plummet 54% to $70M.
    • Comp sales at the book chain were off 5.3% in FQ1, a mark that improves to a 0.4% dip if Nook products are backed out.
    • The company expects the separation of the Nook business to occur by the end of Q1 in 2015.
    • BKS +1.1% premarket
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  • Jun. 25, 2014, 9:10 AM
  • Jun. 25, 2014, 8:43 AM
    • The board authorizes the separation of Barnes & Noble's retail operation from the NOOK Media business into two separate public companies, and BKS hopes to have this done by 2015 Q1.
    • Management sees FY15 comp bookstore sales down in the low-single digits, with college comp sales down a similar amount. EBITDA losses in the NOOK segment are expected to continue to decrease.
    • The earnings call is set for 10 ET.
    • Shares +9.9% premarket
    • Previously: Barnes & Noble misses by $0.13, beats on revenue
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  • Apr. 17, 2014, 12:47 PM
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Company Description
Barnes & Noble Inc is a booksellers and a content, commerce and technology company providing customers access to trade books, textbooks, magazines, newspapers and other content across its multi-channel distribution platform.