Despite improved performance in the fourth quarter, bookselling chain Books-A-Million reported a 5.5% decline in revenue to $470.2 million for the 52-week period ended February 1, 2014, down from the $498.4 million reported for the previous fiscal year. However, net income for the fourth quarter was $11.2 million, an increase from the $8.1 million in net income reported in the same period a year earlier. Fourth quarter revenue was $157.9 million, a decrease of 3.7% from the $163.7 million in revenue reported in the same fiscal period last year.
Comparable store sales over the 52-week period declined 6.8% compared with the previous 52-week period; and comparable sales for the fourth quarter declined 1.8% for the same period in the last fiscal year.
“We were pleased with our performance in the fourth quarter,” BAM CEO and president Terry G. Finley, who added that “our team executed our plan admirably despite the challenges presented by the weather in both December and January.” Finley said, “we saw our core book business improve from the trends we experienced earlier in the year driven by a strong lineup of new titles. Our new business initiatives also performed well supported by consumer enthusiasm in pop culture, movies and media.”