Books-A-Million’s sales dip, too

After a sales conference call broadcast live yesterday afternoon, Books-a-Million reported in a statement that sales for the nine-week period ended December 30, 2006, totaled $124.5 million compared with $123.7 million during the same period of fiscal 2006, an increase of 0.7%. But comparable store sales for the period decreased 2.1% compared with the same period of fiscal 2006. Commenting on the results, Sandra B. Cochran, President and Chief Executive Officer, said, “Sales for the holiday season were below expectations as we confronted a quiet media environment and strong comparable sales in the prior year. The absence of a major movie tie-in affected both traffic and sales. A strong lineup in fiction performed well but could not offset the performance of the media-related titles in fiscal 2006.”

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