Barnes & Noble down 8.5% post Q4 results

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

Barnes & Noble (NYSE:BKS) reports comparable store sales declined 4.1% in Q4.

Retail sales dropped 3.9% to $765.45M.

NOOK sales fell 21.6% to $25.09M.

Gross margin rate down 40 bps to 29.1%.

SG&A expense rate +30 bps to 29.3%.

Merchandise inventories up 1.2% $958.2M.

The company expects FY2019 EBITDA to be in the range of $175M to $200M.

BKS -8.53% premarket.

Previously: Barnes & Noble misses by $0.09, beats on revenue (June 21)

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