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Books-a-million Has Solid Quarter

Posted at 8:55AM Friday 29 Aug 2014

Citing continued improvement in its core book business, Books-A-Million reported that it cut its net loss for the second quarter ended August 2, 2014 to $3.0 million from $9.1 million in the comparable period last year. Second quarter results last year included $6 million in higher taxes due in part to the reversal of some tax benefits. Total sales in the period fell 0.5%, to $108.3 million, while comparable store sales inched ahead 0.1%. Excluding e-reader sales, comp sales were up 0.8%

PW




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