402 Industrial Lane
Birmingham, AL 35211
Contact: R. Todd Noden
Executive Vice President and Chief Financial Officer
(205) 942-3737 ext. 4808
BOOKS-A-MILLION, INC. ANNOUNCES THIRD QUARTER RESULTS
BIRMINGHAM, AL (November 24, 2015) – Books-A-Million, Inc. (NASDAQ:BAMM) today announced financial results for the 13-week and 39-week periods ended October 31, 2015. Revenue for the 13-week period ended October 31, 2015, increased 0.4% to $101.6 million, compared with revenue of $101.2 million in the year earlier period. Comparable store sales for the third quarter increased 1.6% compared with the 13-week period in the prior year. Net loss attributable to Books-A-Million for the third quarter was $7.1 million, or $0.50 per diluted share, compared with a net loss of $6.9 million, or $0.50 per diluted share, in the year earlier period. The 13-week period ended October 31, 2015 included $0.8 million of expenses, or $0.05 per diluted share, related to the Agreement and Plan of Merger entered into on July 13, 2015 (the “Merger Agreement”). There were no expenses related to the Merger Agreement in the prior fiscal year.
For the 39-week period ended October 31, 2015, revenue decreased 0.6% to $311.3 million from revenue of $313.2 million in the year earlier period. Comparable store sales increased 0.1% compared with the same period in the prior year. For the 39-week period ended October 31, 2015, net loss attributable to Books-A-Million was $18.2 million, or $1.28 per diluted share, compared with a net loss of $15.5 million, or $1.08 per diluted share, in the year earlier period. The 39-week period ended October 31, 2015 included $2.1 million of expenses, or $0.15 per diluted share, related to the Merger Agreement.
Commenting on the results, Terrance G. Finley, Chief Executive Officer and President, said, “We saw improved sales in our Core Book and General Merchandise categories, led by the positive impact of the growing coloring book trend. We also hosted several author events, namely those highlighting Dr. Ben Carson, which helped drive incremental sales in the quarter. We are looking forward to the holiday season and our entire team is focused on getting our stores ready to serve our customers in the weeks ahead.”
ABOUT BOOKS-A-MILLION, INC.
Books-A-Million, Inc. is one of the nation’s leading book retailers and sells on the Internet at www.booksamillion.com. The Company presently operates 257 stores in 32 states. The Company operates large superstores under the names Books-A-Million (BAM!), Books & Co. and 2nd & Charles and traditional bookstores operating under the names Bookland and Books-A-Million. Also included in the Company’s retail operations is the operation of Yogurt Mountain Holding, LLC, a retailer and franchisor of self-serve frozen yogurt stores with 40 locations. The Company also develops and manages commercial real estate investments through its subsidiary, Preferred Growth Properties, which presently include four retail shopping centers. The common stock of Books-A-Million, Inc. is traded on the NASDAQ Global Select Market under the symbol BAMM. For more information, visit the Company’s corporate website at www.booksamillioninc.com.
Follow Books-A-Million on Twitter (http://twitter.com/booksamillion) and like us on Facebook (http://facebook.com/booksamillion).