Barnes & Noble Declares Quarterly Dividend
Issues Fiscal 2019 Outlook
In addition to the fiscal 2018 outlook provided on
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Forward-Looking Statements
This press release contains certain forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) and information relating to Barnes & Noble that are based on the beliefs of the management of Barnes & Noble as well as assumptions made by and information currently available to the management of Barnes & Noble. When used in this communication, the words "anticipate," "believe," "estimate," "expect," "intend," "plan," "will," "forecasts," "projections," and similar expressions, as they relate to Barnes & Noble or the management of Barnes & Noble, identify forward-looking statements.
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to future events, the outcome of which is subject to certain risks,
including, among others, the general economic environment and consumer
spending patterns, decreased consumer demand for Barnes & Noble's
products, low growth or declining sales and net income due to various
factors, including store closings, higher-than-anticipated or increasing
costs, including with respect to store closings, relocation, occupancy
(including in connection with lease renewals) and labor costs, the
effects of competition, the risk of insufficient access to financing to
implement future business initiatives, risks associated with data
privacy and information security, risks associated with Barnes & Noble's
supply chain, including possible delays and disruptions and increases in
shipping rates, various risks associated with the digital business,
including the possible loss of customers, declines in digital content
sales, risks and costs associated with ongoing efforts to rationalize
the digital business, risks associated with the eCommerce business,
including the possible loss of eCommerce customers and declines in
eCommerce sales, the risk that financial and operational forecasts and
projections are not achieved, the performance of Barnes & Noble's
initiatives including but not limited to new store concepts and
eCommerce initiatives, unanticipated adverse litigation results or
effects, potential infringement of Barnes & Noble's intellectual
property by third parties or by Barnes & Noble of the intellectual
property of third parties, and other factors, including those factors
discussed in detail in Item 1A, "Risk Factors," in Barnes & Noble's
Annual Report on Form 10-K for the fiscal year ended
Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results or outcomes may vary materially from those described as anticipated, believed, estimated, expected, intended or planned. Subsequent written and oral forward-looking statements attributable to Barnes & Noble or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements in this paragraph. Barnes & Noble undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise after the date of this communication.
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| Non-GAAP Reconciliation & Forward-Looking Statement | |||||||||
| (In millions) | |||||||||
| (Unaudited) | |||||||||
| Forward-Looking Fiscal 2019 | |||||||||
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Operating income |
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| EBITDA (a) | $ | 175 | $ | 200 | |||||
| Depreciation and amortization | (108 | ) | (108 | ) | |||||
| Operating income | $ | 67 | $ | 92 | |||||
| (a) Earnings before Interest, Tax, Depreciation and Amortization. | |||||||||
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