Barnes & Noble Q4 sales $786 mln, down 4.3%

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Barnes & Noble shares slide after losses widen

Barnes & Noble Inc. shares fell 3.1% in Thursday premarket trading after the bookseller reported wider fiscal fourth-quarter losses. Net loss for the quarter was $21.1 million, or 29 cents per share, greater than the loss of $13.4 million, or 19 cents per share, for the same period last year. The loss includes $7.7 million in non-recurring charges. Revenue totaled $786.1 million, down from $821.2 million last year. The FactSet consensus was for a loss of 20 cents per share and sales of $775.0 million. Same-store sales fell 4.1% for the quarter ahead of the FactSet guidance for a 4.9% decline. Barnes & Noble shares are down 3.7% for 2018 to date while the S&P 500 index is up 3.5% for the period.

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