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

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

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Todd Haselton

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


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