Barnes and Noble FY 4Q15 Earnings Call Notes

Spinning off Barnes and Noble Education

“Additionally, as part of the separation and as announced in our press release this morning, we expect that I will be named Executive Chairman of Barnes & Noble Education when the pending spin-off becomes effective.”

The literate world is excite for Go Set a Watchman

“The literate world is anxiously awaiting the publication of Harper Lee’s, Go Set a Watchman. This rediscovered work, which was initially submitted to Ms. Lee’s publishers before To Kill a Mockingbird and was assumed to be lost features the same characters from that book from 20 years later.’

Dr Suess also has a new book

“We’re also very excited about another recently discovered manuscript that will delight an entirely new generation of readers, What pet should I get? It’s a first original Dr. Seuss’ book since 1990 and includes a very — it’s very own full text — his very own, excuse me, full text and illustrations.”

So does literary genius E.L. James

“Also E. L. James surprised all of her fans and book sellers too by announcing her new book Grey, which is a follow-up to her 50 Shade series Instagram, just two and half weeks ahead of its publication date.”

Sales down 9%

“Consolidated sales were $1.2 billion for the quarter and $6.1 billion for the full year. Retail sales decreased 9% to $869 million for the quarter.”

Searching for a CEO of retail after the spin

“. One thing I will say about that as we do have a search and very pleased with the results of that, that search we think it will be successfully completed in the near term.

We’re not to be for some reasons that would not hold up the spin, the retail management team is very strong and that’s not going to be a factor in the timing of the spin.”