Sales at Barnes & Noble.com reached $115 million in the first quarter, up 7.8% from $106 million in the same quarter a year ago, the company reported today. Online sales accounted for 7.9% of all Barnes & Noble Inc. sales. Companywide revenue was $1.453 billion in the quarter, up 22% from $1.18 billion a year ago, the company said.
BN.com became a wholly owned subsidiary of Barnes & Noble late last year when Barnes & Noble bought the portion of the site it didn’t own from Bertelsmann AG. Barnes & Noble’s pro forma statement, treating bn.com sales as if the company had owned the web operation in whole for the entire year, reports that web sales would have accounted for 8.2% of companywide sales last year.
Barnes & Noble.com had an operating loss of $10 million in the quarter vs. a loss of $13 million a year ago, while the company as a whole had an operating profit of $28 million.
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