Barnes & Noble (BKS) earnings

 ** weekly **

**** after earnings; 6/19/12

dropped 4.00%

Barnes & Noble, Inc. BKS  today reported sales and earnings for its fiscal 2012 fourth quarter and full year ended April 28, 2012. The company also announced that it recently completed the evaluation of its reporting segments and will now report results for a separate "NOOK" operating segment. BN.com, previously a separate reporting segment, will now be included in the Retail segment.

Fourth quarter consolidated revenues increased 0.4% to $1.4 billion as compared to the prior year. The consolidated fourth quarter earnings before interest, taxes, depreciation and amortization (EBITDA) loss of $11.1 million improved 51% as compared to the prior year. The consolidated fourth quarter net loss improved 3% as compared to the prior year to $57.7 million, or $1.08 per share.

Fourth Quarter 2012 Results from Operations

Segment results for the fiscal 2012 and fiscal 2011 fourth quarters are as follows:

                                            Revenues                                     EBITDA
                          --------------------------------------------  ----------------------------------------
        $ in millions                              Increase/(Decrease)                       Increase/(Decrease)
                            Q4 2012     Q4 2011       $          %       Q4 2012   Q4 2011      $          %
                          ----------  ----------  --------  ----------  --------  --------  --------  ----------
        Retail            1,053       1,048         5         0.5 %      66        36        30        82.9 %
        College             228         216        12         5.7 %       0       (11)      12       101.6 %
        NOOK                164         183       (19)     -10.5 %     (77)     (47)     (30)     -64.3 %
        Elimination (1)     (64)       (71)       7        -9.7 %     n/a       n/a       n/a         n/a
                          ----- ---   ----- ---   ---       ----- ---   ---       ---       ---       -----
        Total             1,380       1,375         5         0.4 %     (11)     (22)      11        50.5 %
                          =====       =====       ===       ===== ===   === ===   === ===   ===       ===== ===

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