Barnes & Noble crumbles on slow sales growth, Riggio news

|About: Barnes & Noble Inc (BKS)|By:, SA News Editor

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