Retailer Books-A-Million sees improvement in core book business in year-end report
The Birmingham, Alabama based book retailer Books-A-Million reported earnings this morning. Revenues for the 13-week quarter ended February 1 fell 3.7 percent to $157.9 million, compared with revenues of $163.9 million in the 14-week year-earlier period the year before. For the full year, the retail had net revenues of $470.3 million in a 52-week reporting year, versus $498.4 million last year which was a the 53-week reporting year.
“We were pleased with our performance in the fourth quarter,” Terrance G. Finley, CEO and President, said. “We saw our core book business improve from the trends we experienced earlier in the year driven by a strong lineup of new titles. Our new business initiatives also performed well supported by consumer enthusiasm in pop culture, movies and media. Our team executed our plan admirably despite the challenges presented by the weather in both December and January.”