In the third quarter ended October 28, net sales at Books-A-Million
rose 3.2% to $110.7 million and the net loss was $201,000, greatly
reduced from the net loss of $873,000 in the same period a year ago.
Net earnings were helped by insurance payments for BAM
stores "permanently damaged by hurricanes"--the payments amounted to $86,000 in this year's quarter
and $770,000 in last year's quarter.
Sales at stores open at least a year rose 2.3%. The company, which operates 208 stores, will pay a dividend of eight cents a share to shareholders of record as of December 1.
In a prepared statement, Sandra B. Cochran, president and CEO of BAM, said, "Despite the difficult comparable store sales comparison with last year and the distractions of the political season, we were able to deliver solid results. The fourth quarter bestseller lineup is solid, and we are focused on executing our merchandising and marketing plans for the holiday season."
Sales at stores open at least a year rose 2.3%. The company, which operates 208 stores, will pay a dividend of eight cents a share to shareholders of record as of December 1.
In a prepared statement, Sandra B. Cochran, president and CEO of BAM, said, "Despite the difficult comparable store sales comparison with last year and the distractions of the political season, we were able to deliver solid results. The fourth quarter bestseller lineup is solid, and we are focused on executing our merchandising and marketing plans for the holiday season."