Barnes and Noble posts $119 million loss in This fall 2013, will associate with third celebration on future Nook tablets

Barnes and Noble posts $119 million loss in Q4 2013, will partner with third party on future Nook tablets

Barnes and Noble has not had a simple go of it. The brick-and-mortar stalwart has seen its revenues and income steeply decline as we have entered the age of the e-guide. In truth, income have not simply shrunk; they’ve disappeared. Through the fourth quarter of fiscal yr 2013, the corporate suffered a internet lack of $118.6 million, down considerably from the already poor displaying it posted in 2012 when it misplaced $fifty six.9 million in This fall. For the yr, that put Barnes and Noble’s losses at $154.eight million — greater than double what it misplaced in 2012. Revenues have dropped each at shops and its Nook digital enterprise by $a hundred and five million and $fifty six million, respectively yr-over-yr. For its e-reader and e book arm, that represents a 34 % drop from This fall 2012. The dangerous information there’s that system gross sales have declined dramatically and, whereas content material gross sales have been up for the yr, within the fourth quarter they fell by eight.9 %. Barnes and Noble attributes the yr-over-yr fall in gross sales to be attributed to the shortage of blockbuster titles. In This fall 2012 revenues have been boosted by juggernauts like Fifty Shades of Gray and The Starvation Video games.

Going ahead Barnes and Noble needs to considerably minimize its losses on the struggling Nook enterprise. To try this the corporate can be partnering with an as but unnamed third social gathering to fabricate and co-model its pill line. The Nook line of e-readers will proceed to be designed and inbuilt-home, however the retailer might be wanting past its Manhattan workplace partitions for assist with the flailing Nook HD line. Present merchandise will probably be supported for the foreseeable future, nevertheless, so do not go tossing your Robert Brunner-designed slate within the trash simply but. If you would like extra element, take a look at the PR after the break.

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Barnes & Noble Stories Fiscal 2013 Yr-Finish Monetary Outcomes

Fiscal 2013 Retail EBITDA Will increase sixteen.zero% to $374 Million

School Generates Fiscal 2013 EBITDA of $111 Million

NOOK® will Proceed to Innovate and Construct eReader Units because it Transitions to a New Partnership Mannequin on Shade Tablets

Further Stock Expenses Drive Larger NOOK Losses for the Yr

NEW YORK–(BUSINESS WIRE)–Barnes & Noble, Inc. (NYSE: BKS) right now reported gross sales and earnings for its fiscal 2013 fourth quarter and full yr ended April 27, 2013.

“Our Retail and School companies delivered robust monetary performances in fiscal yr 2013″ Fourth quarter consolidated revenues decreased 7.four% to $1.three billion as in comparison with the prior yr. The consolidated fourth quarter earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA) loss was $122.zero million, as in comparison with a lack of $9.7 million within the prior yr. The consolidated fourth quarter internet loss was $118.6 million, as in comparison with the prior yr internet lack of $fifty six.9 million. Fourth quarter internet losses have been $2.eleven per share as in comparison with a internet lack of $1.06 per share a yr in the past.

For fiscal 2013, consolidated revenues decreased four.1% to $6.eight billion as in comparison with the prior yr. Fiscal 2013 consolidated EBITDA was $10.three million, as in comparison with $176.7 million a yr in the past. Fiscal 2013 consolidated internet losses have been $154.eight million, or $2.ninety seven per share, as in comparison with $sixty five.6 million, or $1.35 per share within the prior yr.

Fourth quarter and full-yr outcomes have been adversely impacted by NOOK stock costs as mentioned within the NOOK part under.

The corporate ended the fiscal yr with money of $one hundred sixty.5 million and borrowings of $seventy seven million underneath its $1 billion revolving credit score facility, as in comparison with a internet debt place of $270 million a yr in the past.

The corporate is at present within the strategy of evaluating sure prior yr quantities, which can end in a revision to the monetary statements. The corporate’s evaluation is ongoing, however it doesn’t consider these quantities can be materials to the monetary statements. Accordingly, the monetary info introduced on this press launch is unaudited and stays topic to vary based mostly on this course of.

Fourth Quarter 2013 Outcomes from Operations

Phase outcomes for the fiscal 2013 and monetary 2012 fourth quarters are as follows:

Revenues EBITDA $ in hundreds of thousands Improve/(Lower) Improve/(Lower) This fall 2013 This fall 2012 $ % This fall 2013 This fall 2012 $ % Retail $ 948 $ 1,053 (a hundred and five ) -10.zero % $ fifty one $ sixty seven (sixteen ) -23.9 % School 252 228 24 10.7 % four zero four n/a NOOK 108 164 (fifty six ) -34.zero % (177 ) (seventy seven ) (one hundred ) -129.eight % Elimination (1) (31 ) (sixty four ) 33 -fifty two.zero % n/a n/a n/a n/a

Complete $ 1,277 $ 1,380 (103 ) -7.four % $ (122 ) $ (10 ) (112 ) n/a

(1) Represents the elimination of intercompany gross sales from NOOK to Barnes & Noble Retail and Barnes & Noble School on a promote by way of foundation.

Fiscal 2013 Outcomes from Operations

Phase outcomes for fiscal yr 2013 and monetary yr 2012 are as follows:

Revenues EBITDA $ in hundreds of thousands Improve/(Lower) Improve/(Lower) Fiscal 2013 Fiscal 2012 $ % Fiscal 2013 Fiscal 2012 $ % Retail $ four,568 $ four,853 (285 ) -5.9 % $ 374 $ 322 fifty two sixteen.zero % School 1,763 1,744 20 1.1 % 111 116 (four ) -three.9 % NOOK 776 933 (157 ) -sixteen.eight % (475 ) (262 ) (214 ) eighty one.7 % Elimination (1) (269 ) (401 ) 132 -33.zero % n/a n/a n/a n/a Complete $ 6,839 $ 7,129 (290 ) -four.1 % $ 10 $ 177 (166 ) -ninety four.2 %

(1) Represents the elimination of intercompany gross sales from NOOK to Barnes & Noble Retail and Barnes & Noble School on a promote via foundation.

Retail

The Retail phase, which consists of the Barnes & Noble bookstores and BN.com companies, had revenues of $948 million for the quarter and $four.6 billion for the complete yr, reducing 10.zero% for the quarter and 5.9% for the fiscal yr. The gross sales decreases have been attributable to comparable retailer gross sales decreases of eight.eight% for the quarter and three.four% for the complete yr, retailer closures and decrease on-line gross sales. Fourth quarter comparable bookstore gross sales decreased because of decrease NOOK unit quantity and a stronger title lineup within the prior yr interval together with The Starvation Video games and Fifty Shades of Gray trilogies. Core comparable bookstore gross sales, which exclude gross sales of NOOK merchandise, decreased 5.eight% for the quarter and have been primarily flat for the complete yr.

Because of the gross sales decline, fourth quarter Retail EBITDA decreased 23.9%, from $sixty seven million a yr in the past to $fifty one million. Nevertheless, for fiscal 2013, Retail EBITDA elevated sixteen.zero% to $374 million, because the gross sales decline was mitigated by a better gross sales combine of upper margin core merchandise and decrease bills.

School

The School phase had revenues of $252 million for the quarter and $1.eight billion for the complete yr, growing 10.7% for the quarter and 1.1% for the yr, as in comparison with the prior yr durations. Fourth quarter gross sales have been positively impacted by the again-to-faculty rush season, which prolonged into the fourth quarter. Comparable School retailer gross sales elevated 7.5% for the quarter, whereas reducing 1.2% for the complete yr. Comparable School retailer gross sales mirror the retail promoting worth of a brand new or used textbook when rented, somewhat than solely the rental payment acquired and amortized over the rental interval.

Fourth quarter School EBITDA improved to $three.eight million, benefitting from larger revenues. Full yr EBITDA declined three.9% to $111.5 million, primarily ensuing from elevated investments in digital schooling. School’s full-yr product margins improved on a better combine of upper margin textbook leases, whereas bills elevated as a consequence of new retailer progress and continued investments in digital schooling.

NOOK

The NOOK phase, which consists of the corporate’s digital enterprise (together with units, digital content material and equipment), had revenues of $108 million for the quarter and $776 million for the complete yr, reducing 34.zero% for the quarter and sixteen.eight% for the yr, as in comparison with the yr in the past durations. Gadget gross sales declined through the fourth quarter as a consequence of decrease promoting quantity. Digital content material gross sales elevated sixteen.2% for the complete yr, nevertheless, they decreased eight.9% for the fourth quarter due partially to the system gross sales shortfall in addition to the comparability to the The Starvation Video games and Fifty Shades of Gray trilogies a yr in the past.

The corporate plans to considerably scale back losses within the NOOK phase by limiting dangers related to manufacturing. Going ahead, the corporate intends to proceed to design eReading units and studying platforms, whereas making a partnership mannequin for manufacturing within the aggressive colour pill market. Thus, the extensively fashionable strains of Easy Contact&commerce; and Glowlight&commerce; merchandise will proceed to be developed in home, and the corporate’s pill line can be co-branded with but to be introduced third social gathering producers of shopper electronics merchandise. On the similar time, the corporate intends to proceed to construct its digital catalog, including hundreds of eBooks each week, and launching new NOOK Apps&commerce;.

The corporate will proceed to supply its present stock of its top quality NOOK® HD and NOOK® HD+ units at superb costs by way of the vacation. As all the time, Barnes & Noble will present world-class pre- and publish-gross sales help in its shops for its NOOK HD and NOOK HD+ clients, in addition to ongoing software program upgrades and enhancements to the digital bookstore service.

“Our Retail and School companies delivered robust monetary performances in fiscal yr 2013,” stated William Lynch, Chief Government Officer of Barnes & Noble. “We’re taking huge steps to scale back the losses within the NOOK phase, as we transfer to a associate-centric mannequin in tablets and scale back overhead prices. We plan to proceed to innovate within the single function black-and-white eReader class, and the underpinning of our technique stays the identical in the present day because it has since we first entered the digital market, which is to supply clients any digital ebook, journal or newspaper, on any system.”

In the course of the fourth quarter, the corporate decided that goodwill impairment indicators arose in its NOOK reporting unit as recurring losses have led to revisions in its strategic plans. In consequence, the corporate recorded a non-money goodwill impairment cost of $18.three million in promoting and administrative bills. Excluding the impairment cost, NOOK bills decreased $26 million as in comparison with a yr in the past, a 34% lower in bills as in comparison with fiscal yr 2012.

NOOK EBITDA losses have been $177 million for the fourth quarter, which embrace a further $133 million of stock fees as the corporate adopted extra aggressive promotional methods given the shift in strategic course. NOOK EBITDA losses have been $475 million for the complete yr, primarily pushed by cumulative NOOK stock associated costs of $222 million.

Steerage

For fiscal yr 2014, the corporate expects Retail comparable bookstore gross sales to say no within the excessive-single digits on a proportion foundation. School comparable retailer gross sales are anticipated to say no within the low-single digits on a proportion foundation.

Convention Name

A convention name with Barnes & Noble, Inc.’s senior administration can be webcast starting at 10:00 A.M. ET on Tuesday, June 25, 2013, and is accessible at www.barnesandnobleinc.com/webcasts.

Barnes & Noble, Inc. will report fiscal 2014 first quarter outcomes on or about August 20, 2013.

About Barnes & Noble, Inc.

Barnes & Noble, Inc. (NYSE:BKS) is a Fortune 500 firm and the main retailer of content material, digital media and academic merchandise. The corporate operates 675 Barnes & Noble bookstores in 50 states, and one of many Net’s largest e-commerce websites, BN.com (www.bn.com). Its NOOK Media LLC subsidiary is a pacesetter within the rising digital studying and digital schooling markets. The NOOK digital enterprise gives award-profitable NOOK® merchandise and an expansive assortment of digital studying and leisure content material by means of the NOOK Retailer&commerce; (www.nook.com), whereas Barnes & Noble School Booksellers, LLC operates 686 bookstores serving over four.6 million college students and school members at schools and universities throughout america. Barnes & Noble is proud to be named a J.D. Energy and Related 2012 Buyer Service Champion and is just one of fifty U.S. corporations so named. Barnes & Noble.com is ranked the primary on-line retailer in buyer satisfaction within the ebook, music and video class and a Prime 10 on-line retailer general in buyer satisfaction in response to ForeSee E-Retail Satisfaction Index (Spring Prime one hundred Version).

Common info on Barnes & Noble, Inc. may be obtained by way of the Web by visiting the corporate’s company web site: www.barnesandnobleinc.com.

Ahead-Wanting Statements

This press launch incorporates sure ahead-wanting statements (inside the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Change Act of 1934, as amended) and knowledge referring to Barnes & Noble which are based mostly on the beliefs of the administration of Barnes & Noble in addition to assumptions made by and knowledge presently obtainable to the administration of Barnes & Noble. When used on this communication, the phrases “anticipate,” “consider,” “estimate,” “anticipate,” “intend,” “plan,” “will,” “forecasts,” “projections,” and comparable expressions, as they relate to Barnes & Noble or the administration of Barnes & Noble, determine ahead-wanting statements.

Such statements mirror the present views of Barnes & Noble with respect to future occasions, the result of which is topic to sure dangers, together with, amongst others, the overall financial setting and shopper spending patterns, decreased shopper demand for Barnes & Noble’s merchandise, low progress or declining gross sales and internet revenue as a consequence of numerous elements, danger that worldwide enlargement won’t be efficiently achieved or could also be achieved later than anticipated, potential disruptions in Barnes & Noble’s pc techniques, phone methods or provide chain, potential dangers related to knowledge privateness, info safety and mental property, potential work stoppages or will increase in labor prices, potential will increase in delivery charges or interruptions in delivery service, results of competitors, attainable dangers that stock in channels of distribution could also be bigger than capable of be bought, potential dangers related to ceasing NOOK’s manufacturing of pill units, together with potential discount in gross sales of content material, equipment and different merchandise and different opposed monetary impacts, attainable danger that element elements will probably be rendered out of date or in any other case not be capable of be successfully utilized in units to be bought, potential danger that monetary and operational forecasts and projections aren’t achieved, attainable danger that returns from shoppers or channels of distribution could also be higher than estimated, the danger that the anticipated gross sales carry from Borders’ retailer closures shouldn’t be achieved in entire or half, the danger that digital gross sales progress is lower than expectations and the danger that it doesn’t exceed the speed of funding spend, larger-than-anticipated retailer closing or relocation prices, greater rates of interest, the efficiency of Barnes & Noble’s on-line, digital and different initiatives, the efficiency and profitable integration of acquired companies, the success of Barnes & Noble’s strategic investments, unanticipated will increase in merchandise, element or occupancy prices, unanticipated antagonistic litigation outcomes or results, product and element shortages, the potential antagonistic influence on the enterprise ensuing from the evaluate of a possible separation of the NOOK digital enterprise, the danger that the transactions with Microsoft and Pearson don’t obtain the anticipated advantages for the events together with the danger that NOOK Media’s purposes aren’t commercially profitable or that the anticipated distribution of these purposes isn’t achieved, the danger that any subsequent spin-off, cut up-off or different disposition by Barnes & Noble of its curiosity in NOOK Media or different separation of Barnes & Noble’s companies leads to opposed impacts on Barnes & Noble or NOOK Media (together with because of termination of agreements and different hostile impacts), the potential influence on Barnes & Noble’s retail enterprise of any separation, the potential tax penalties for Barnes & Noble and its shareholders of a subsequent spin-off, cut up-off or different disposition by Barnes & Noble of its curiosity in NOOK Media or different separation of Barnes & Noble’s companies, the danger that the worldwide enlargement contemplated by the connection with Microsoft or in any other case is just not profitable or is delayed, the danger that NOOK Media is just not capable of carry out its obligations underneath the Microsoft business settlement, together with with respect to the event of purposes and worldwide enlargement, and the results thereof, the prices and disruptions arising out of any such separation of the NOOK digital and School companies or different separation of Barnes & Noble’s companies, the danger that Barnes & Noble might not recoup its investments within the NOOK digital enterprise as a part of any separation transaction, the dangers, difficulties, and uncertainties which will outcome from the separation of companies that have been beforehand co-mingled together with crucial ongoing relationships, and potential for hostile buyer impacts, the danger that Barnes & Noble’s ongoing analysis of prior yr quantities might end in revisions to its monetary statements and modifications to the monetary info introduced on this press launch, the danger that such course of leads to a delay within the submitting of Barnes & Noble’s Annual Report on Type 10-Okay and related dangers and different elements which can be outdoors of Barnes & Noble’s management, together with these elements mentioned intimately in Merchandise 1A, “Danger Elements,” in Barnes & Noble’s Annual Report on Type 10-Okay, and in Barnes & Noble’s different filings made hereafter once in a while with the SEC. Our ahead wanting statements referring to worldwide enlargement are additionally topic to the next dangers, amongst others which will have an effect on the introduction, success and timing of the NOOK e-reader and content material in nations outdoors the USA: we is probably not profitable in reaching agreements with worldwide corporations, the phrases of agreements that we attain is probably not advantageous to us, our NOOK gadget might require technological modifications to adjust to relevant legal guidelines, and market acceptance and different corporations have already entered the marketplace with merchandise which have achieved some buyer acceptance.

Ought to a number of of those dangers or uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes or outcomes might differ materially from these described as anticipated, believed, estimated, anticipated, meant or deliberate. Subsequent written and oral ahead-wanting statements attributable to Barnes & Noble or individuals appearing on its behalf are expressly certified of their entirety by the cautionary statements on this paragraph. Barnes & Noble undertakes no obligation to publicly replace or revise any ahead-wanting statements, whether or not because of new info, future occasions or in any other case after the date of this communication.

BARNES & NOBLE, INC. AND SUBSIDIARIES Consolidated Statements of Operations (In hundreds, besides per share knowledge) (Unaudited)

thirteen weeks ended thirteen weeks ended fifty two weeks ended fifty two weeks ended April 27, 2013 April 28, 2012 April 27, 2013 April 28, 2012

Gross sales $ 1,277,021 1,379,710 $ 6,839,005 7,129,199 Value of gross sales and occupancy 1,048,586 979,577 5,158,363 5,213,019 Gross revenue 228,435 four hundred,133 1,680,642 1,916,one hundred eighty Promoting and administrative bills 350,480 409,832 1,670,376 1,739,452 Depreciation and amortization fifty five,725 fifty eight,968 227,134 232,667 Working loss (177,770 ) (sixty eight,667 ) (216,868 ) (fifty five,939 ) Curiosity expense, internet 9,510 eight,629 35,345 35,304 Loss earlier than taxes (187,280 ) (seventy seven,296 ) (252,213 ) (ninety one,243 ) Revenue taxes (sixty eight,639 ) (20,381 ) (ninety seven,407 ) (25,600 ) Internet loss $ (118,641 ) (fifty six,915 ) $ (154,806 ) (sixty five,643 )

Loss per widespread share: Primary $ (2.eleven ) (1.06 ) $ (2.ninety seven ) (1.35 ) Diluted $ (2.eleven ) (1.06 ) $ (2.ninety seven ) (1.35 )

Weighted common widespread shares excellent: Primary fifty eight,483 fifty seven,563 fifty eight,247 fifty seven,337 Diluted fifty eight,483 fifty seven,563 fifty eight,247 fifty seven,337

Proportion of gross sales: Gross sales one hundred.zero % one hundred.zero % one hundred.zero % one hundred.zero % Value of gross sales and occupancy eighty two.1 % seventy one.zero % seventy five.four % seventy three.1 % Gross revenue 17.9 % 29.zero % 24.6 % 26.9 % Promoting and administrative bills 27.four % 29.7 % 24.four % 24.four % Depreciation and amortization four.four % four.three % three.three % three.three % Working loss -thirteen.9 % -5.zero % -three.2 % -zero.eight % Curiosity expense, internet zero.7 % zero.6 % zero.5 % zero.5 % Loss earlier than taxes -14.7 % -5.6 % -three.7 % -1.three % Revenue taxes -5.four % -1.5 % -1.four % -zero.four % Internet loss -9.three % -four.1 % -2.three % -zero.9 %

BARNES & NOBLE, INC. AND SUBSIDIARIES Consolidated Stability Sheets (In hundreds) (Unaudited)

April 27, 2013 April 28, 2012 ASSETS Present belongings: Money and money equivalents $ one hundred sixty,470 $ fifty four,131 Receivables, internet 142,417 one hundred sixty,497 Merchandise inventories 1,410,769 1,561,841 Pay as you go bills and different present belongings 323,955 221,324 Complete present belongings 2,037,611 1,997,793

Property and gear: Land and land enhancements 2,541 2,541 Buildings and leasehold enhancements 1,224,384 1,196,764 Fixtures and gear 1,883,504 1,784,492 three,one hundred ten,429 2,983,797 Much less collected depreciation and amortization 2,525,520 2,361,142 Internet property and gear 584,909 622,655

Goodwill 495,496 519,685 Intangible belongings, internet 547,931 564,054 Different noncurrent belongings fifty seven,065 sixty one,062 Complete belongings $ three,723,012 $ three,765,249

LIABILITIES AND SHAREHOLDERS’ EQUITY Present liabilities: Accounts payable $ 851,426 $ 914,544 Accrued liabilities 569,957 603,415 Present card liabilities 341,036 321,362 Complete present liabilities 1,762,419 1,839,321

Lengthy-time period debt seventy seven,000 324,200 Lengthy-time period deferred taxes 221,776 242,748 Different lengthy-time period liabilities 413,515 358,039

Redeemable Most popular Shares; $.001 par worth; 5,000 shares approved; 204 and 204 shares issued, respectively 193,535 192,273 Most popular Member Pursuits in NOOK Media, LLC 381,627 -

Shareholders’ fairness: Widespread inventory; $.001 par worth; 300,000 shares approved; ninety two,784 and ninety one,376 shares issued, respectively ninety three ninety one Further paid-in capital 1,383,848 1,340,909 Amassed different complete loss (sixteen,692 ) (sixteen,635 ) Retained earnings 369,746 542,585 Treasury inventory, at value, 34,078 and 33,722 shares, respectively (1,063,855 ) (1,058,282 ) Complete shareholders’ fairness 673,one hundred forty 808,668 Commitments and contingencies – - Complete liabilities and shareholders’ fairness $ three,723,012 $ three,765,249

BARNES & NOBLE, INC. AND SUBSIDIARIES Phase Info (In hundreds) (Unaudited)

thirteen weeks ended thirteen weeks ended fifty two weeks ended fifty two weeks ended April 27, 2013 April 28, 2012 April 27, 2013 April 28, 2012

Gross sales Retail $ 947,677 1,052,533 $ four,568,243 four,852,913 School 252,295 227,891 1,763,248 1,743,662 NOOK 107,950 163,617 776,237 933,471 Elimination (30,901 ) (sixty four,331 ) (268,723 ) (four hundred,847 ) Complete $ 1,277,021 1,379,710 $ 6,839,005 7,129,199

Gross Revenue Retail $ 259,304 329,353 $ 1,397,859 1,452,804 School seventy six,131 sixty nine,781 405,076 395,311 NOOK (107,000 ) 999 (122,293 ) sixty eight,065 Complete $ 228,435 four hundred,133 $ 1,680,642 1,916,one hundred eighty

Promoting and Administrative Bills Retail $ 208,244 262,244 $ 1,023,633 1,one hundred thirty,311 School seventy two,341 sixty nine,600 293,618 279,364 NOOK sixty nine,895 seventy seven,988 353,one hundred twenty five 329,777 Complete $ 350,480 409,832 $ 1,670,376 1,739,452

EBITDA Retail $ fifty one,060 sixty seven,109 $ 374,226 322,493 School three,790 181 111,458 one hundred fifteen,947 NOOK (176,895 ) (seventy six,989 ) (475,418 ) (261,712 ) Complete $ (122,045 ) (9,699 ) $ 10,266 176,728

Internet Loss EBITDA $ (122,045 ) (9,699 ) $ 10,266 176,728 Depreciation and Amortization (fifty five,725 ) (fifty eight,968 ) (227,134 ) (232,667 ) Curiosity Expense, internet (9,510 ) (eight,629 ) (35,345 ) (35,304 ) Revenue Taxes sixty eight,639 20,381 ninety seven,407 25,600 Complete $ (118,641 ) (fifty six,915 ) $ (154,806 ) (sixty five,643 )

Proportion of gross sales:

Gross Margin Retail 27.four % 31.three % 30.6 % 29.9 % School 30.2 % 30.6 % 23.zero % 22.7 % NOOK -138.9 % 1.zero % -24.1 % 12.eight % Complete 17.9 % 29.zero % 24.6 % 26.9 %

Promoting and Administrative Bills Retail 22.zero % 24.9 % 22.four % 23.three % School 28.7 % 30.5 % sixteen.7 % sixteen.zero % NOOK ninety.7 % seventy eight.5 % sixty nine.6 % sixty one.9 % Complete 27.four % 29.7 % 24.four % 24.four %

BARNES & NOBLE, INC. AND SUBSIDIARIES Earnings (Loss) Per Share (In hundreds, besides per share knowledge) (Unaudited)

thirteen weeks ended fifty two weeks ended April 27, 2013 April 28, 2012 April 27, 2013 April 28, 2012 Numerator for primary loss per share: Loss $ (118,641 ) (fifty six,915 ) $ (154,806 ) (sixty five,643 ) Most popular inventory dividends (three,942 ) (three,963 ) (15,767 ) (eleven,044 ) Accretion of dividends on most popular inventory (758 ) (316 ) (2,266 ) (894 ) Much less allocation of earnings and dividends to collaborating securities – – – - Internet loss out there to widespread shareholders $ (123,341 ) (sixty one,194 ) $ (172,839 ) (seventy seven,581 )

Numerator for diluted loss per share: Internet loss obtainable to widespread shareholders $ (123,341 ) (sixty one,194 ) $ (172,839 ) (seventy seven,581 ) Accrual of most popular inventory dividends – – – - Accretion of dividends on most popular inventory – – – - Impact of dilutive choices – – – - Internet loss obtainable to widespread shareholders (123,341 ) (sixty one,194 ) (172,839 ) (seventy seven,581 )

Denominator for primary and diluted loss per share: Primary weighted common widespread shares fifty eight,483 fifty seven,563 fifty eight,247 fifty seven,337

Denominator for diluted loss per share: Primary weighted common widespread shares fifty eight,483 fifty seven,563 fifty eight,247 fifty seven,337 Most popular shares – – – - Common dilutive choices – – – - Diluted weighted common widespread shares fifty eight,483 fifty seven,563 fifty eight,247 fifty seven,337

Loss per widespread share Primary $ (2.eleven ) (1.06 ) $ (2.ninety seven ) (1.35 ) Diluted $ (2.eleven ) (1.06 ) $ (2.ninety seven ) (1.35 )

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