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11
2005 Annual Report Barnes & Noble, Inc.
[MANAGEMENT’S DISCUSSION AND
ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS continued ]
RESULTS OF OPERATIONS
Fiscal Year 2005 2004 2003
SALES
(in thousands)
$ 5,103,004 4,873,595 4,372,177
EARNINGS FROM CONTINUING OPERATIONS
(in thousands)
$ 146,681 123,375 111,204
DILUTED EARNINGS PER SHARE FROM CONTINUING OPERATIONS
$ 2.03 1.68 1.57
COMPARABLE STORE SALES INCREASE (DECREASE)(a)
Barnes & Noble stores
2.9% 3.1% 3.2%
B. Dalton stores
0.9 ( 2.2) ( 2.0)
STORES OPENED
Barnes & Noble stores
27 32 31
B. Dalton stores
—— —
Total
27 32 31
STORES CLOSED
Barnes & Noble stores
12 13 12
B. Dalton stores
36 41 63
Total
48 54 75
NUMBER OF STORES OPEN AT YEAR END
Barnes & Noble stores
681 666 647
B. Dalton stores
118 154 195
Total
799 820 842
SQUARE FEET OF SELLING SPACE AT YEAR END
(in millions)
Barnes & Noble stores
16.9 16.4 15.8
B. Dalton stores
0.5 0.6 0.8
Total
17.4 17.0 16.6
(a) Comparable store sales are determined using stores open at least 15 months.