barnes & noble inc (BKS) Key Developments
Barnes & Noble Expands NOOK® by Samsung Lineup, Launches New Nook Trade-In/Trade-Up Promotion
Oct 7 15
Barnes & Noble, Inc. expanded its offering of NOOK by Samsung devices and announced a special promotion to help even more customers trade up to one of its newest tablets at an even greater value. In conjunction with Samsung Electronics America, Barnes & Noble introduced the new 9.6-inch Samsung Galaxy Tab E NOOK, a large-screen tablet features Samsung’s stylish yet practical design with NOOK’s extraordinary reading and entertainment experience, perfect for the whole family and now available at Barnes & Noble stores for $249.99 including a special free limited-time content offering. Barnes & Noble also launched a new Trade-In/Trade-Up limited-time in-store promotion to offer significant credits of up to $200 towards the purchase of a new NOOK by Samsung to customers who trade in select NOOK, iPad®, Kindle and Samsung devices through November 7. Introducing the Samsung Galaxy Tab E NOOK: The Galaxy Tab E NOOK offers a large-screen viewing experience in a portable design. A non-slip, fabric-like material covers the back of the device for a comfortable, secure grip. The tablet’s clear, bright 9.6-inch screen allows customers to enjoy NOOK reading content including books, magazines and newspapers in both portrait and landscape mode so they can easily switch between the two depending on the content they’re viewing. And the large display is perfect for any member of the family to watch a host of great movies, TV shows, browse the Web and more. The Galaxy Tab E NOOK features NOOK Profiles™, transforming the tablet into any family member’s customized reading and entertainment center where they can access personalized content and recommendations with a quick tap of the screen. Parents will appreciate the ease of setting up profiles for their children with lots of relevant kid-friendly NOOK content for them to enjoy. Customers can maximize their time and multi-task with ease using Samsung’s Multi-Window, an integrated feature that splits the tablet’s screen to run two apps simultaneously. The built-in 5-megapixel rear-facing camera, 2-megapixel front-facing camera and one-click photo and video controls make it easy to snap pictures and capture memories at a moment’s notice. The tablet’s battery offers long-lasting reading and entertainment enjoyment on a single charge. With 16GB of standard memory and expandable microSD memory available up to 128GB, customers will never be without their favorite content. The new Samsung Galaxy Tab E NOOK is now available only at Barnes & Noble stores and online at NOOK.com for $249.99, with an additional 10% discount for Barnes & Noble Members.
Barnes & Noble, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended August 1, 2015; Provides Earnings Guidance for the Full Year of Fiscal 2016
Sep 9 15
Barnes & Noble, Inc. announced unaudited consolidated earnings results for the first quarter ended August 1, 2015. For the quarter, the company reported sales of $1,217,542,000 against $1,236,447,000 for the same period a year ago. Operating loss was $53,142,000 against $20,718,000 for the same period a year ago. Loss before taxes was $56,064,000 against $26,638,000 for the same period a year ago. Net loss was $34,874,000 against $28,449,000 for the same period a year ago. Basic and diluted loss per share was $0.68 against $0.56 for the same period a year ago. Net loss available to common shareholders was $44,518,000 against $33,149,000 for the same period a year ago. LBITDA was $6,389,000 against EBITDA of $29,551,000 for the same period a year ago. Consolidated capital expenditures were $34 million for the quarter, including $12 million at the College segment.
The company provided earnings guidance for the full year of fiscal 2016. For the year, the company now expects capital expenditures to be $95 million, excluding the college segment. The company continues to expect Retail core comparable store sales to increase approximately 1%, with flat total comps. The company continues to expect reduced EBITDA losses in the NOOK segment.
Barnes & Noble, Inc. Declares Quarterly Cash Dividend, Payable on October 30, 2015
Sep 9 15
Barnes & Noble, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.15 per share payable on October 30, 2015, to stockholders of record on October 20, 2015.
Barnes & Noble and Samsung Unveil New Samsung Galaxy Tab S2 NOOK®
Sep 3 15
Barnes & Noble, Inc. announced the new Samsung Galaxy Tab S2 NOOK, an 8-inch tablet blending Samsung’s elegant design and multi-tasking power with NOOK’s unparalleled reading and entertainment experience. The new in Samsung’s line of tablets, the co-branded Galaxy Tab S2 NOOK is the thinnest, lightest, ultra-fast device from the two companies. It is now available in Barnes & Noble stores nationwide and online at www.nook.com for $399.99, including a special limited-time offer for customers to choose three free NOOK Books® and three free NOOK Magazines™ from a selection of titles, plus a $5 starter credit and free lifetime in-store support. The new 8-inch Wi-Fi®-enabled device is featherweight at only 9.3 ounces, and is incredibly slim with its less than a quarter-of-an-inch design. It features a stunning Super AMOLED™ display that brings NOOK content to life in an unprecedented way with deep, rich colors and advanced screen technologies that automatically adjust display settings for stunning images. The 4:3 aspect ratio makes for a great reading experience for NOOK content including books, magazines and newspapers, comics, graphic novels and children’s books, as well as for watching movies and TV shows, playing games and using other apps and web browsing. The device has 32GB of standard memory with expandable memory available up to 128GB so customers will never be without their favorite content to explore. The Samsung Galaxy Tab S2 NOOK offers consumers ample power for all their entertainment and multi-tasking needs. An ultra-fast octa-core processor enables consumers to quickly jump between books, movies, apps and the web without lag. The tablet creates efficiencies to increase productivity with integrated multi-tasking features. Multi-Window splits the screen to run two apps simultaneously, and Pop-Up Window helps consumers seamlessly move from one app to the next. Pre-loaded with Microsoft Office Solutions including Microsoft Word, Excel, PowerPoint and OneNote, the Samsung Galaxy Tab S2 NOOK makes it easy to create, edit and share documents. A patented fingerprint scanner provides advanced security for the tablet’s content. The Samsung Galaxy Tab S2 NOOK offers customers an impressive collection of digital content to explore from Barnes & Noble. The expansive NOOK Store®’s reading and entertainment content offering includes: Over 4 million books including bestsellers, new releases, classics and enhanced titles with special content. An extensive collection of popular comic books and graphic novels, as well as picture-perfect art, photography, travel guides and cookbook titles. An expansive digital selection of best-loved children’s books – over 110,000 – including chapter books and a selection of more than 11,000 interactive picture books. The NOOK Newsstand®, with the digital collection of the top 100 bestselling U.S. magazines available for both digital subscriptions and single copy sale, and a vast collection of newspapers and magazines from around the world. Reading tools like ArticleView® lets the reader focus on the text, customized to their needs, and the Visual Table of Contents provides a quick scan of the entire issue, allowing readers to jump directly to any article or section. A large collection of NOOK Apps™ featuring a wide range of uniquely curated titles for the whole family, including fun games, as well as lifestyle, productivity, news, entertainment and other apps. A wide NOOK Video™ selection offering customers their favorite movies and TV shows from major studios and networks, available for purchase or rental.
Barnes & Noble, Inc., Q1 2016 Earnings Call, Sep 09, 2015
Aug 20 15
Barnes & Noble, Inc., Q1 2016 Earnings Call, Sep 09, 2015