Sunday, March 30, 2008

My New Business Venture: Get A Life Gift Cards for All Occasions

Book sales in the fourth quarter were down slightly and same store sales fell 1.6% at Books-A-Million. Revenue in the period fell 3.4%, to $168.3 million. Excluding the extra week in the 2006 quarter, which generated sales of $9 million, sales were up 3.0%.

For the full year, total revenue rose 2.9%, to $535.1 million, while net income fell 12.7%, to $16.5 million. Same store sales for the year, on a 52-week basis, rose 1.4%. In addition to the extra week, earnings in 2006 benefited from $1.5 million in income from unused gift cards.

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