Barnes & Noble Announces The Best Books of 2024 (So Far)

*Total net sales were $206.1 million, an increase of $65.8 million or 46.9%, compared to $140.3 million last year. -Net sales from physical stores were $165.3 million, an increase of $60.7 million or 58.1%, compared to $104.6 million last year. -Net sales from e-commerce were $40.8 million, an increase of $5.1 million or 14.3%, compared to $35.7 million last year. E-commerce net sales represented 19.8% of total net sales compared to 25.5% of total net sales last year. -Total comparable net sales for the third quarter of fiscal 2021 compared to the pre-pandemic third quarter of fiscal 2019 increased by 27.4%. *Gross profit was $76.7 million, or 37.2% of net sales, a record in the Company's history as a public company, compared to $40.7 million, or 29.0% of net sales, last year. *Operating income improved to $29.0 million, or 14.1% of net sales, compared to $3.5 million, or 2.5% of net sales, primarily due to the significant increase in net sales. *Net income improved to $20.8 million, or $0.66 per diluted share, which are third quarter records for the Company as a public company, compared to $2.1 million, or $0.07 per diluted share, last year.

Full-year operating income was $1.580 billion compared to $258.4 million last year, and net income was $844.5 million compared to a net loss of $366.4 million last year. Net sales were $11.847 billion for the year ended Jan. 30, 2021, compared to $12.914 billion for the year ended Feb. 1, 2020. Comparable sales for the full year increased 21 percent, consisting of a 45 percent increase at Bath & Body Works and a 1 percent increase at Victoria’s Secret. Full year 2020 sales in the direct channel increased 109 percent at Bath & Body Works and 31 percent at Victoria’s Secret.

Dear Industry Member: It's not too late to sign up and take part in ACMA's upcoming series of legislative meetings with Members of Congress on Capitol Hill on Oct. 4-5, 2023. Our industry is facing multiple threats across postal, tax, consumer privacy, and trade policy matters. ACMA has an aggressive plan to push back on this but it requires companies to engage with Congressional offices to educate and build support for our positions. Otherwise, the excessive cost and regulatory burdens will only continue. Given the current appetite for bill passage in Congress and in light of an election year on the horizon, our goal is to get these voted out of committee with a large number of cosponsors, then for several large pieces of moving legislation to serve as vehicles to secure passage. Specifically, from now through the end of the year, Congress will be working on such must-pass legislation, including bills to provide government funding, appropriations, and most likely a tax-extenders package. Pulling together a sizable group to meet with Members of Congress in early October will impact the outcome for our collective advantage. Your time out of the office will be minimal. Non-member companies are welcome and encouraged to participate. Click read more below for the agenda and more.