February 22, 2001, 12:00 AM

Barnes & Noble`s web sales grew 65% last year

Barnes & Noble.com reported record fiscal 2000 sales of $320 million, up 65% over the prior year. Web sales now account for 10% of Barnes & Noble`s sales.

Barnes & Noble.com reported record fiscal 2000 sales of $320 million, up 65% over the prior year and 10% of Barnes & Noble`s sales. Sales at Barnes & Noble`s flagship stores increased 12.3% to $3.2 billion. Comparable store sales were up 4.9% from the previous year. Sales stayed strong in January, growing 5% over January 2000. The company expects to report retail earnings per share for fiscal 2000 of $1.69 (prior to a one-time charge). On a consolidated basis, including the company`s share of pro-forma losses at Barnes & Noble.com and other investments, earnings for fiscal 2000 are expected to be $1.06 (prior to a one-time charge). On a consolidated basis, including the company`s share of pro-forma losses at Barnes & Noble.com and other investments, earnings for fiscal 2001 are expected to be $1.71 per share, an increase of over 60% as compared to estimates for fiscal 2000 (prior to the one-time charge).

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