joined its book-selling brethren today, saying that same-store sales fell 9.1% during the holiday season from the same period last year.
The book retailer and wholesale distributing company also said total sales for the nine-week period ended Dec. 30 fell, dropping to $102.3 million from $106 million in the year-ago period. Excluding the sales of Pokemon collectibles, comparable-store sales decreased 2.3% from last year.
Following the lead that fellow book retailer
Barnes & Noble
set earlier in the day, the company said fourth-quarter earnings will fall short of Wall Street's projections. Books-A-Million expects to earn 27 cents to 30 cents a share, lower than the 36 cents it earned in the year-ago period. Two analysts polled by
First Call/Thomson Financial
are looking for a profit of 38 cents a share.
Shares of Books-A-Million, which is based in Birmingham, Ala., ended the
regular session at $2, but fell to $1.75 in after-hours