Year-over-year same-store sales were up 3.3% during the quarter, which ended Jan. 28, and 2.9% for the full year. The quarter's sales rose 5%, to $1.8 billion, as well as 5% for the year, totaling $5.1 billion.
Executives are planning 30 to 40 new Barnes & Noble stores this year. Last year the company opened 27 and closed 12, including two openings and four closures during the fourth quarter.
During the quarter Barnes & Noble closed 23 of its mall-based B. Dalton bookstores, brining their total in the chain down to 118 units. The chain, which had a 3.8% same-store sales gain during the period, now accounts for less than 3% of Barnes & Noble's total sales.
Executives are predicting a same-store sales increase in the low single for the coming year. First-quarter earnings per share are forecast to come in between 10 cents and 14 cents, and from $2.20 to $2.30 for the full year, compared to last year's $2.03.
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