Barnes & Noble announced that it will publish its first quarter 2013 earnings on Feb. 28, and also advised that it expects to post greater losses from its Nook unit.
“Based on current forecasts, the Company now expects its fiscal year 2013 NOOK segment EBITDA loss to be greater than it was in fiscal 2012 and expects fiscal year 2013 NOOK Media revenues to be less than $3 billion,” the company said in a statement.
Barnes & Noble’s Nook unit hasn’t always seen losses, in fact the company’s Nook business saw 38 percent increase in sales during the first quarter of 2012, when revenues fell in at $542 million. The recent forecast is likely a result of increased competition from other Android tablets created by Samsung and Amazon, as well as the introduction of Apple’s iPad mini.
Barnes & Noble Announces Fiscal 2013 Third Quarter Earnings Release Date and Conference Call Webcast
New York, NY (February 13, 2013)—Barnes & Noble, Inc. (NYSE: BKS), the leading retailer of content, digital media and educational products, today announced the company will report fiscal 2013 third quarter earnings results on Thursday, February 28, before the market opens.Based on current forecasts, the Company now expects its fiscal year 2013 NOOK segment EBITDA loss to be greater than it was in fiscal 2012 and expects fiscal year 2013 NOOK Media revenues to be less than $3 billion.
The Company will host an investor conference call at 10:00 AM eastern time on Thursday, February 28, to review the company’s financial results and operations. This call is being webcast by Thomson/CCBN and can be accessed at Barnes & Noble, Inc.’s corporate website atwww.barnesandnobleinc.com/webcasts. The webcast of this call will be archived and available at www.earnings.com