Gross Q1 sales were $1.1 billion, up 4% from last year's $1.06 billion. Comparable store sales were 2.2% for the quarter, compared with a 9.4% increase a year ago. "The quarter was a bit weaker in the first half and a bit stronger in the back half," says CFO Joseph Lombardi. "That has something to do with the bestsellers, which were a bit stronger in the back half of the quarter."

"The overall tone of business was as expected," says Steve Riggio, CEO of Barnes & Noble. "We anticipate accelerated sales growth in the second quarter with the arrival of the sixth Harry Potter book on July 16th." Earnings per share are projected to be $0.19 to $0.21 per share.

Broken down, the Barnes & Noble store sales were $959.2 million, up 5%. BN.com online sales were $91.4 million, down 0.6% from last year. B. Dalton store sales were $31.5 million, down 21% (although just down 0.3% once store closings are taken into account). The B. Dalton chain now accounts for just 3% of company sales.

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