Barnes Noble 2022 Q3 Report: Loss-making Nook Generates Gross Sales Tears

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The corporate is reiterating its guidance announced on January 5, 2012. The corporate expects full fiscal 12 months 2012 consolidated gross sales between $7.0 billion and $7.2 billion. Comparable gross sales at Barnes & Noble stores are expected to increase 1%, Barnes & Noble College sales are expected to be flat, and gross sales are anticipated to increase 40% to 50% at BN.com. The consolidated NOOK business is predicted to generate roughly $1.5 billion in comparable gross sales this fiscal year.

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