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Barnes & Noble Reports $118.6M Loss in Q4, Will Co-Brand Nook Tablets

by Todd Haselton | June 25, 2013June 25, 2013 8:55 am PDT

Barnes & Noble store

Barnes & Noble reports its fiscal fourth quarter and full year results ended April 27, 2013 on Tuesday. The company noted a net loss of $118.6 million, $2.11 per share, which was far worse than the net loss of $56.9 million it reported in the year-ago quarter.

The company’s retail stores reported revenue of $948 million for the quarter and $4.6 billion for the year, though those figures, too, were also down from the previous year. A decrease in bookstore sales was attributed to lower Nook unit volumes and fewer new big-name titles. The company said The Hunger Games series and Fifty Shades of Grey were big in 2012 but there weren’t comparable titles this year.

Barnes & Noble’s Nook segment continued to falter. It reported revenues of $108 million for the quarter and $776 million for the year, though the quarterly revenue was down 34 percent from the same period last year. Barnes & Noble said it will continue to create new Nook Simple Touch and Nook GlowLight products but that it will work with OEM partners to co-brand its future tablets. The company didn’t disclose who its manufacturing partners might be moving forward.

Barnes & Noble

Todd Haselton

Todd Haselton has been writing professionally since 2006 during his undergraduate days at Lehigh University. He started out as an intern with...