Barnes & Noble Sales Fall 6.6%, Nook Sales Decline


Barnes & Noble’s quarterly sales fell 6.6 percent, as demand weakened further for its Nook tablets.

The largest U.S. bookstore chain operator’s net loss narrowed to $14.4 million, or 20 cents per share, in the first quarter ended July 30 from $34.9 million, or 68 cents per share, a year earlier.

Total sales fell to $913.9 million from $978.6 million.

Barnes & Noble said it now expects fiscal 2017 comparable store sales to decline in the low single digits.

(Reporting by Subrat Patnaik in Bengaluru; Editing by Sriraj Kalluvila)


View more information: https://www.foxbusiness.com/markets/barnes-noble-sales-fall-6-6-nook-sales-decline

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