Net income at Barnes & Noble rose 2.7% in the fiscal year ended February 3, to $150.8 million. Total sales at the country's largest bookstore chain rose 3.1%, to $5.26 billion. Revenue totals benefited from an extra week in the most current fiscal year. Sales were driven by gains in superstores, although same-store sales were off 0.3% for the year in the division. Revenue was also up in the "other" segment, which includes publishing and Calendar Club operations. An accounting change was responsible for the decline in B&N.com revenue. The company changed the way it records sales of used textbooks to reflect just commissions. Earlier this year, B&N said it expected comp-store sales in its superstores to be flat to slightly positive in 2007 (Foreword, Mar. 12).
Barnes & Noble Results
2005—2006 (in millions)
| 2005 | 2006 | % chg. | |
| Source: Reed Business Information | |||
| Superstores | $4.357 | $4.534 | 4.1% |
| Dalton | 141 | 102 | -27.7 |
| B&N.com | 440 | 433 | -1.6 |
| Other | 165 | 192 | 16.4 |
| Total | 5.103 | 5.261 | 3.1 |
| Net income | 147 | 151 | 2.7 |
| Profit margin | 2.9% | 2.9% | |
