Barnes & Noble Inc. (BKS, Financial) filed Quarterly Report for the period ended 2011-01-29.
Barnes & Noble Inc. has a market cap of $711.3 million; its shares were traded at around $11.81 with and P/S ratio of 0.1. Barnes & Noble Inc. had an annual average earning growth of 9.2% over the past 10 years.
The purchase price paid to the Sellers under the Purchase Agreement was $596 million, consisting of $346 million in cash and $250 million in aggregate principal amount of the Seller Notes described in Note 13 to the Consolidated Financial Statements contained herein. However, pursuant to the terms of the Purchase Agreement, the cash paid to the Sellers was reduced by approximately $82 million in cash bonuses paid by B&N College to 192 members of its management team and employees, not including Leonard Riggio. The Senior Seller Note to Leonard Riggio was paid on its scheduled due date, December 15, 2010.
During the 39 weeks ended January 29, 2011, the Companys sales increased $1.136 billion, or 25.3%, to $5.627 billion from $4.491 billion during the 39 weeks ended January 30, 2010. The increase or (decrease) by segment is as follows:
During the 13 weeks ended January 29, 2011, cost of sales and occupancy increased $152.7 million, or 9.8%, to $1.712 billion from $1.559 billion during the 13 weeks ended January 30, 2010. Cost of sales and occupancy increased as a percentage of sales to 73.6% from 71.7% during the same period one year ago. The increase or (decrease) by segment is as follows:
During the 39 weeks ended January 29, 2011, cost of sales and occupancy increased $1.034 billion, or 32.6%, to $4.212 billion from $3.177 billion during the 39 weeks ended January 30, 2010. Cost of sales and occupancy increased as a percentage of sales to 74.8% from 70.7% during the same period one year ago. The increase or (decrease) by segment is as follows:
Selling and administrative expenses increased $205.4 million, or 20.1%, to $1.230 billion during the 39 weeks ended January 29, 2011 from $1.024 billion during the 39 weeks ended January 30, 2010. Selling and administrative expenses decreased as a percentage of sales to 21.9% from 22.8% during the same period one year ago. The increase or (decrease) by segment is as follows:
Read the The complete Report
Barnes & Noble Inc. has a market cap of $711.3 million; its shares were traded at around $11.81 with and P/S ratio of 0.1. Barnes & Noble Inc. had an annual average earning growth of 9.2% over the past 10 years.
Highlight of Business Operations:
Merchandise inventories increased $97.5 million, or 6.4%, to $1.616 billion as of January 29, 2011, compared with $1.518 billion as of January 30, 2010. This increase was primarily due to device and accessory inventory related to the Companys growth in digital eReaders, the expansion of the Toys & Games department, and an increase in textbooks as sales for the B&N College rush season continued into February after quarter end and an increase in general merchandise inventories to support higher sales at the B&N College stores.The purchase price paid to the Sellers under the Purchase Agreement was $596 million, consisting of $346 million in cash and $250 million in aggregate principal amount of the Seller Notes described in Note 13 to the Consolidated Financial Statements contained herein. However, pursuant to the terms of the Purchase Agreement, the cash paid to the Sellers was reduced by approximately $82 million in cash bonuses paid by B&N College to 192 members of its management team and employees, not including Leonard Riggio. The Senior Seller Note to Leonard Riggio was paid on its scheduled due date, December 15, 2010.
During the 39 weeks ended January 29, 2011, the Companys sales increased $1.136 billion, or 25.3%, to $5.627 billion from $4.491 billion during the 39 weeks ended January 30, 2010. The increase or (decrease) by segment is as follows:
During the 13 weeks ended January 29, 2011, cost of sales and occupancy increased $152.7 million, or 9.8%, to $1.712 billion from $1.559 billion during the 13 weeks ended January 30, 2010. Cost of sales and occupancy increased as a percentage of sales to 73.6% from 71.7% during the same period one year ago. The increase or (decrease) by segment is as follows:
During the 39 weeks ended January 29, 2011, cost of sales and occupancy increased $1.034 billion, or 32.6%, to $4.212 billion from $3.177 billion during the 39 weeks ended January 30, 2010. Cost of sales and occupancy increased as a percentage of sales to 74.8% from 70.7% during the same period one year ago. The increase or (decrease) by segment is as follows:
Selling and administrative expenses increased $205.4 million, or 20.1%, to $1.230 billion during the 39 weeks ended January 29, 2011 from $1.024 billion during the 39 weeks ended January 30, 2010. Selling and administrative expenses decreased as a percentage of sales to 21.9% from 22.8% during the same period one year ago. The increase or (decrease) by segment is as follows:
Read the The complete Report
