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Barnes & Noble Inc (BKS)

  • Apr. 2, 2014, 5:38 PM
    • Top gainers, as of 5:15 p.m.: IYH +5.0%. ACN +4.7%. EEFT +3.4%. EJ +3.2%. PXLW +3.1%.
    • Top losers, as of 5:15 p.m.: CACI -8.5%. KWK -7.5%. NEWM -7.0%. AXE -3.5%. BKS -3.2%.
  • Mar. 13, 2014, 9:23 AM
    • Barnes & Noble (BKS) discloses in a SEC filing that it entered an expanded agreement with Microsoft.
    • The companies have agreed to co-brand within the Microsoft Consumer Reader for content delivered by Nook Media.
    • Nook Media can stop its efforts to create a Window phone app due to the development.
    • SEC Form 8-K
    • BKS +1.0% premarket
    | Comment!
  • Feb. 26, 2014, 1:44 PM
    • Barnes & Noble (BKS +4.1%) CEO Husney says the company held about 20% of the e-book market, down from two years ago when it was in the 25%-27% range.
    • Same-store sales at the company's retail stores were down 0.5% in FQ3 - fairly level with other retail chains for the period. A bright spot was the 12% increase in comp sales for educational toys and games in the quarter.
    • On the topic of a bid by G Asset Management, Huseby was downright dismissive. G Asset has "extremely limited" financial means and no equity financing to support its proposal, says the exec.
    • Huseby also dissected the job cuts at the Nook business. 190 positions, or 26% of the work force, were slashed through attrition and layoffs.<.li>
    • Earnings call transcript
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  • Feb. 21, 2014, 1:43 PM
    • G Asset Management has offered to buy a 51% stake in Barnes & Noble (BKS +7%) at a $22/share valuation, or (alternatively) a 51% stake in the Nook division at a $5/share valuation. B&N shares have jumped to the $18 range in response.
    • The money manager adds its offer is subject to due diligence and "the obtaining of necessary financing," as well as access to B&N's credit facility and balance sheet cash. It thinks "substantial shareholder value" would be created if the Nook segment was separated from B&N's profitable units.
    • Two years ago, G Asset offered to buy B&N's college bookstore business for $460M.
    | Comment!
  • Feb. 10, 2014, 3:55 PM
    • Shares of Barnes & Noble (BKS +9.2%) rose today after the company removed jobs related to the Nook business.
    • The amount of jobs removed at the company varies in different reports.
    • Without being real specific, B&N said it's "rationalizing" the Nook business.
    | Comment!
  • Jan. 9, 2014, 9:42 AM
    • New Barnes & Noble (BKS +2.7%) CEO Michael Huseby gives an early peek at his thinking on what the company should do with Nook in an interview with the WSJ.
    • The exec says the company is "dedicated" to providing consumers the digital devices, but notes the company will look to leverage costs with an outside partnership. That last part could mean that B&N is open to letting a consumer electronics manufacturer build the devices for the company.
    • Husbey says the ultimate goal is to "de-risk" the business plan.
    • Previous: BKS holiday sales.
    | 1 Comment
  • Dec. 10, 2013, 5:42 PM
    • After-hours Top Gainers, as of 5:15 p.m.: VIMC +22.2%. SNI +12.9%. NRF +9.8%. SWHC +6.4%. BKS +5.1%.
    • After-hours Top Losers, as of 5.15 p.m.: AVNR -14.9%. MNKD -8.2%. LH -7.1%. AWAY -4.7%. NOG -3.9%.
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  • Dec. 9, 2013, 9:53 AM
    • Shares of Barnes & Noble (BKS +6.7%) take off as a couple of analysts back the company to come out the other side of a SEC probe over accounting in decent shape.
    • The somewhat twisted logic is that the company's retail bookstore business may be in even better shape than realized if it's been bearing more Nook-related costs than it should have been.
    | 1 Comment
  • Dec. 6, 2013, 11:45 AM
    • Shares of Barnes & Noble (BKS -5.2%) are under selling pressure after the company discloses it is the subject of a SEC probe on its accounting practices.
    • The company was notified on October 13 that the SEC would investigate the restatement of earnings announced on July 29, 2013. A different matter related to allegations of an ex-employee on how IT expenses are reported for Nook and the retail segment will also be looked into.
    • SEC Form 10-K
  • Nov. 26, 2013, 10:10 AM
    • 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.
    | Comment!
  • Nov. 26, 2013, 9:08 AM
    • Barnes & Noble (BKS) shows another quarter of deteriorating revenue trends across segments.
    • FQ2 segment revenue: Retail -7.5% Y/Y to $921M; College -4.6% to $737.5M; Nook -32.2% to $108.7M.
    • Perhaps the most alarming nugget from the quarter: Digital content sales fell 21.2% Y/Y vs. -16% last quarter.
    • The company did manage to back its previous guidance. (PR)
    • BKS -3.3% premarket.
    | 1 Comment
  • Aug. 26, 2013, 2:17 PM
    • Shares of Barnes & Noble (BKS +2.8%) trade higher after Barron's Andrew Barry writes that an annual dividend and/or buyback from the company seems likely in the coming year.
    • It's not a price jump that impresses Paul La Monica as he tags the movement the "#StupidStock Move of the Day."
    • The lift was just enough to get BKS back over $20 where it has met resistance.
    | 1 Comment
  • Aug. 20, 2013, 12:45 PM
    • Midday top 10 gainers: NFEC +21%. PULS +18%. RNET +15%. XOMA +15%. COCO +13%. ELTK +14%. SCON +11%. PSUN +11%. CPSS +10%. AFFM.OB +7%.
    • Midday top 10 Losers: LITB -34%. MKTY.PK -19%. PLCC -18%. ALVR -16%. BKS -15%. PURE.OB -14%. ANW -13%. NAII -13%. FMAR.OB -13%. CBAK -10%.
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  • Aug. 20, 2013, 9:11 AM
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  • Aug. 20, 2013, 9:04 AM
    • Barnes & Noble (BKS) segment revenue growth: Retail -9.9%; College +2.4%; Nook -39%.
    • Core comparable bookstore sales (no Nook) fell 7.2% for the quarter off what the company believes was a tough comp (The Hunger Games, Fifty Shades of Grey).
    • At Nook, lower device sales filtered down to hurt digital content sales as well, -15.8% Y/Y.
    • B&N reaffirms previous guidance in which it expects retail comparable store sales to fall in the high single digits and college comparable store sales to decline at a low single digit pace. (PR)
    • BKS -14.8% premarket to $14.20
    | Comment!
  • Aug. 20, 2013, 8:51 AM
    • Barnes & Noble (BKS) says Leonard Riggio has ended his efforts to buy the company's retail business.
    • Shares of BKS are off 11.9% in premarket action, despite reporting better-than-expected results for FQ1.
    | Comment!
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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.