Chain book store Books-A-Million Inc. reported Thursday that its profit edged up slightly in the fourth quarter despite a drop in sales. Books-A-Million is based in Birmingham, Ala., and operates 200 stores across the South and Midwest. Books-A-Million Inc. trades on the “NASDAQ” under the stock symbol “BAMM”. For the Latest information regarding “BAMM”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Chain book store Books-A-Million Inc. reported Thursday that its profit edged up slightly in the fourth quarter despite a drop in sales.
The company said it earned $11.9 million, or 76 cents per share, for the quarter that ended Jan. 30. That's up from $11.2 million or 71 cents per share a year earlier. Its sales fell 4.6 percent to $157.2 million from $164.7 million.
The company also announced Thursday that it will buy back up to $5 million worth of its common stock during the next year. The repurchase program replaces another of the same size that began last year and was to expire on April 30, in which the company bought back $1.7 million of its common stock.
About Book-A-Million Inc:
Books-A-Million, Inc. operates as a book retailer in the southeastern United States. The company operates superstores and traditional bookstores, through which it primarily offers various best sellers and other hardcover and paperback books, magazines, and newspapers. It also offers gifts, cards, collectibles, cafe, music, DVDs, and other products. The company also offers its products over the Internet at Booksamillion.com. It markets its products under the trademarks of Books-A-Million, BAM! Books-A-Million, Bookland, Books & Co., Millionaires Club, Sweet Water Press, Thanks-A-Million, Big Fat Coloring Book, Up All Night Reader, Read & Save Rebate, Readables Accessories for Readers, Kids-A-Million, Teachers First, The Write-Price, Bambeanos, Hold That Thought, Book$mart, BAMM, BAMM.com, FAITHPOINT.com, Chillatte, Joe Muggs Newsstand, Page Pets, JOEMUGGS.com, Faithmark, Joe Muggs, Andersons Bookland, Snow Joe, American Wholesale Book Company, AWBC, and NetCentral. As of January 31, 2009, Books-A-Million operated 200 superstores and 20 traditional stores. The company was founded in 1917 and is based in Birmingham, Alabama.
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