December 1-15, 2004 Edition

BAM Reports

Small Sales Gain

In Third Quarter

11/18/04—Books-A-Million ended the third quarter October 30 with a slight net sales increase of 1.8% to $104.3 million. Net losses grew to $1.1 million this period, compared to last year’s $800,000. Sales for stores open at least one year increased only 0.6 %. Year-to-date net sales increased 4.1% to $326.1 million from

$313.3 million in the previous period. The chain, which recorded at net income loss of $400,000 last year, posted income of $1.1 million this year. Comparable store sales gained 2.4% for the year to date.

The company also declared a three cents per share dividend to be paid to shareholders December 14.