In stadium parking lots across the country, the party that happens before the game can be just as exciting as the game itself and for some just as serious. Some people pack up a cooler of beverages and sandwiches and call it a day while others load up campers or trailers, set up a grills and try to outdo the person next to them. Fun is had by all; however, the impending cleanup is always in the back of everyone’s mind, and the rush to clean up and get into the stadium on time turns into an Olympic sprint. Anyone who has ever tailgated knows the importance of planning ahead for convenience and clean up. Start by making an accurate assessment of how much food and beverage can be consumed in the time you have. Like all parties, the cleanup is the worst part not to mention the thought of putting a full bag of garbage in your vehicle if dumpsters aren’t available. My suggestion, go with paper. Click Read More below for additional information.
Barnes & Noble, Inc. (NYSE:BKS) today reported sales and earnings for its fiscal 2018 second quarter ended October 28, 2017.
Total sales for the second quarter were $791.1 million, declining 7.9% as compared to the prior year. Comparable store sales decreased 6.3%, with approximately half of this decline attributable to last year’s release of Harry Potter and The Cursed Child. The balance of the decline was primarily due to non-book categories.
“Comparable sales improved throughout the second quarter and into November,” said Demos Parneros, Chief Executive Officer of Barnes & Noble, Inc. “Book sales continued to strengthen, and we saw improved traffic and conversion trends. As a result of the improving trends, we will continue to place a greater emphasis on books, while further narrowing our non-book assortment. We expect these improvements to continue as we head into the holiday season which, coupled with cost reductions, will enable us to achieve EBITDA of $180 million.”
The consolidated second quarter net loss was $30.1 million, or $0.41 per share, compared to a loss of $20.4 million, or $0.29 per share, in the prior year. The consolidated operating loss was $52.2 million for the quarter.
The Company incurred an EBITDA loss of $25.0 million for the quarter, primarily due to the comparable store sales decline.
more detail at: http://investors.barnesandnobleinc.com/releasedetail.cfm?ReleaseID=1050284