Barnes & Noble
The 10-second takeaway
For the quarter ended Oct. 27 (Q2), Barnes & Noble met expectations on revenues and exceeded expectations on earnings per share.
Compared to the prior-year quarter, revenue was unchanged and GAAP earnings per share grew.
Gross margins increased, operating margins contracted, net margins expanded.
Barnes & Noble recorded revenue of $1.88 billion. The five analysts polled by S&P Capital IQ foresaw sales of $1.88 billion on the same basis. GAAP reported sales were 0.4% lower than the prior-year quarter's $1.89 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.04. The seven earnings estimates compiled by S&P Capital IQ predicted -$0.08 per share. GAAP EPS were $0.04 for Q2 versus -$0.20 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 25.5%, 60 basis points better than the prior-year quarter. Operating margin was 0.4%, 10 basis points worse than the prior-year quarter. Net margin was 0.1%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $2.55 billion.
Next year's average estimate for revenue is $7.30 billion.
The stock has a one-star rating (out of five) at Motley Fool CAPS, with 306 members out of 664 rating the stock outperform, and 358 members rating it underperform. Among 179 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 66 give Barnes & Noble a green thumbs-up, and 113 give it a red thumbs-down.
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