Books-A-Million Earnings: Sales are Up, But Losses Continue
Books-A-Million Inc. (NASDAQ:BAMM) delivered a net loss but increased revenues. Shares were down 1.6% at the close of trading before earnings were released.
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Books-A-Million Inc. Earnings Cheat Sheet
Results: Net loss decreased to $2.8 million (-$0.18 per diluted share) in the quarter versus a net loss of $3.96 million in the year-earlier quarter.
Revenue: Rose 10.95% to $104.7 million from the year-earlier quarter.
Quoting Management: Terrance G. Finley, Chief Executive Officer and President, said, “Sales for the third quarter reflect stabilization in our core book business and improvements in our toys & game, and other general merchandise sales. We are focused on the upcoming holiday season and bringing our customers an expanded offering of gifts across a broad range of categories; the best books, toys, tech and more.”
Revenue decreased 13.05% from $120.42 million in the previous quarter. Net loss increased to $2.8 million in the quarter versus a net loss of $880,000 in the previous quarter.
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(Company fundamentals provided by Xignite Financials.)