MAIN NEWS HEADLINES
December 6 – December 13, 2007 Edition
Books-A-Million
Reports 6.3% Gain
In Third Quarter Sales
BIRMINGHAM, AL/11/27/07–Books-A-Million, Inc. has reported a 6.3% increase in net sales for the 13-week third quarter ending November 3, 2007 to $117.7 million from sales of $110.7 million in the same quarter a year ago.
Despite gains, the company still shows a net loss of $555,000 for the third quarter of fiscal 2008, compared with a net loss of $201,000 in the year-earlier period.
For the 39-week period ended November 3, 2007, net sales increased 6.1% to $366.8 million from sales of $345.8 million in the year-earlier period. Comparable store sales increased 2.8% when compared with the same period of fiscal 2007. For the 39-week period ended November 3, 2007, the Company reported net income of $4.7 million, or $0.28 per diluted share, compared with net income of $3.8 million, or $0.23 per diluted share, for the year-earlier period.
Commenting on the results, Sandra B. Cochran, President and Chief Executive Officer, said, We were very pleased with our sales results for the quarter; however, operating costs for the period, driven primarily by an increase in health care expense, exceeded our plan. Looking forward, our fourth quarter best seller lineup is solid, and we are focused on executing our merchandising and marketing plans for the holiday season.
Books-A-Million is one of the nations leading book retailers and sells on the Internet at www.booksamillion.com. The Company presently operates 210 stores in 20 states and the District of Columbia. The Company operates large superstores under the names Books-A-Million and Books & Co. and traditional bookstores operating under the name Bookland, Books-A-Million and Joe Muggs Newsstands. The common stock of Books-A-Million, Inc. is traded on the NASDAQ Stock Markets Global Select Market under the symbol BAMM.
