March 22, 2001, 12:00 AM

Barnes & Noble.com’s sales grew 65% in 2000

Barnes & Noble.com reported a 65% increase in sales to $320 million in fiscal 2000. Barnes & Noble’s bookstore sales totaled $3.6 billion, an increase of 8.9%. The company expects the web site to lose about $30 million this year.

Kurt Peters

Executive Editor

Barnes & Noble.com reported a 65% increase in sales to $320 million in fiscal 2000. Barnes & Noble’s bookstore sales totaled $3.6 billion, an increase of 8.9%. Barnes & Noble "super" store sales rose 12.3% to $3.2 billion and comparable store sales increased 4.9%. The company earned $109.5 million, $1.69 per share. Consolidated net earnings on a pro-forma basis for the year, before a one-time, non-cash impairment charge, were $68.1 million, $1.06 per share. Barnes & Noble Inc. operates 569 Barnes & Noble and 339 B. Dalton bookstores, and, with its acquisition of Babbage`s Etc. and Funco Inc., is the nation`s largest operator of video game and entertainment software stores. For this year, the company expects to lose 40 cents a share on bn.com, based on 74.5 million shares ($29.8 million).

 

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