These results reflected 'continuing operations' and the company included international operations in the press release. International revenues increased 36% including currency gains. Sames store comps were driven by strong performance in Australia. (It makes one wonder why they need to sell up down-under but I've already made that observation).
The real crux of these results is the impact they have on operating margin and as B&N were sanguine about their full year results and adjusted eps accordingly, this is what George Jones had to say about Borders results:
Still, the overall holiday shopping environment was intensely promotional and impacted the bottom line more than we anticipated. As a result, we anticipate fourth quarter consolidated operating earnings per share from continuing operations (excluding non- operating charges and discontinued operations) to be flat to down slightly compared to last year's $1.45 per share (excluding non-operating charges and discontinued operations). Overall, we continue to move forward with confidence in our strategic plan for a turnaround of the company and are encouraged by the progress we are making."
Borders will report in March.