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%. 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).