Barnes & Noble Nook business to sink this year

The Nook business is no longer what it was.

Barnes & Noble announced yesterday that he expects a greater loss of its activity Nook for fiscal 2013, which ends in April. The company did not disclose specific figures, but its EBITDA (earnings before interest, taxes, depreciation and amortization) showed a loss of $ 262 million for fiscal 2012.

B & N also expected annual turnover of the sector Nook less than $ 3 billion, down substantially from the $ 933 million of revenue for fiscal 2012. Turnover last year was a significant increase from the $ 695 million posted for 2011.

The company includes the Nook tablet, e-book reader, accessories and digital content such as books and movies.

Last month, the company acknowledged that sales of Nook for the holidays were much lower than expected. For the nine weeks ended December 29 earnings Nook business fell to $ 311 million, a decrease of 12.6 percent from the same period a year earlier. Although sales of digital content have increased unit sales were down.Barnes & Noble Nook was looking for its Nook business to generate greater demand in the face of declining sales of its brands. But product development costs and increased marketing, taking a bite of contributions Nook, according to Reuters.

B & N Shares fell 4 percent in after-hours trading yesterday.

The Company will hold a conference call at 1:00 p.m. PT on February 28 to discuss its third quarter results. Many questions will undoubtedly focus on annual projections and slowdown Nook.
Related Posts Plugin for WordPress, Blogger...

Copyright © trends ksr Design by Trends | Blogger Theme by Trends | Powered by VenkatSiva

google-site-verification: google275ce468b0c3e392.html