Wednesday, November 28, 2007

Books A Million Reports

BAM reported comp store revenues up 2% for the quarter and up 6.3% to $117.7mm over all. The Company reported a net loss of $0.5mm, or $0.03 per diluted share, for the third quarter of fiscal 2008, compared with a net loss of $0.2mm. YTD revenues are up 6% to $366.8mm and net income of $4.7mm is up $0.9mm versus the same period last year.

From the press release 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 heath 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.”
The closely held company also announced that its Board of directors approved a quarterly cash dividend of $0.09 per share. The quarterly dividend is payable on December 26, 2007, to stockholders of record at the close of business on December 11, 2007.

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