Barnes & Noble 8-K Other Events

Exhibit 99.1

BARNES & NOBLE, INC. AND SUBSIDIARIES

Consolidated Statements of Operations

(In thousands, except per share data)

	13 weeks ended			13 weeks ended		13 weeks ended		13 weeks ended		52 weeks ended
	May 3, 2008			August 2, 2008		November 1, 2008		January 31, 2009		January 31, 2009
Sales	$	1,155,882		1,220,989		1,113,317		1,631,616		5,121,804
Cost of sales and occupancy		807,915		846,590		777,194		1,108,899		3,540,596
Gross profit		347,967		374,399		336,123		522,717		1,581,208
Selling and administrative expenses		303,863		299,792		313,432		334,437		1,251,524
Depreciation and amortization		41,314		42,485		44,213		45,546		173,557
Pre-opening expenses		4,537		3,166		3,310		1,783		12,796
Operating profit (loss)		(1,747	)	28,956		(24,832	)	140,951		143,331
Interest income (expense), net		807		(1,087	)	(1,311	)	(751	)	(2,344	)
Income (loss) from continuing operations before taxes		(940	)	27,869		(26,143	)	140,200		140,987
Income taxes		(374	)	11,168		(10,438	)	55,235		55,591
Income (loss) from continuing operations (net of income tax)		(566	)	16,701		(15,705	)	84,965		85,396
Loss from discontinued operations (net of income tax)		(1,658	)	(1,360	)	(2,468	)	(4,020	)	(9,506	)
Net income (loss)		(2,224	)	15,341		(18,173	)	80,945		75,890
Net income (loss) attributable to noncontrolling interests		—		70		(247	)	207		30
Net income (loss) attributable to Barnes & Noble, Inc.	$	(2,224	)	15,411		(18,420	)	81,152		75,920
Income (loss) attributable to Barnes & Noble, Inc.
Income (loss) from continuing operations	$	(566	)	16,701		(15,705	)	84,965		85,396
Less income (loss) attributable to noncontrolling interests		—		70		(247	)	207		30
Net income (loss) from continuing operations attributable to Barnes & Noble, Inc.	$	(566	)	16,771		(15,952	)	85,172		85,426
Basic income (loss) per common share:
Income (loss) from continuing operations attributable to Barnes & Noble, Inc.	$	(0.01	)	0.30		(0.29	)	1.50		1.50
Loss from discontinued operations attributable to Barnes & Noble, Inc.		(0.03	)	(0.02	)	(0.05	)	(0.07	)	(0.17	)
Net income (loss) attributable to Barnes & Noble, Inc.	$	(0.04	)	0.28		(0.34	)	1.43		1.33
Diluted income (loss) per common share:
Income (loss) from continuing operations attributable to Barnes & Noble, Inc.	$	(0.01	)	0.29		(0.29	)	1.49		1.46
Loss from discontinued operations attributable to Barnes & Noble, Inc.		(0.03	)	(0.02	)	(0.05	)	(0.07	)	(0.17	)
Net income (loss) attributable to Barnes & Noble, Inc.	$	(0.04	)	0.27		(0.34	)	1.42		1.29
Weighted average common shares outstanding
Basic		57,614		54,201		54,411		54,602		55,207
Diluted		57,614		55,819		54,411		54,964		56,529
Dividends declared per common share	$	0.15		0.25		0.25		0.25		0.90
Percentage of sales:
Sales		100.0	%	100.0	%	100.0	%	100.0	%	100.0	%
Cost of sales and occupancy		69.9	%	69.3	%	69.8	%	68.0	%	69.1	%
Gross profit		30.1	%	30.7	%	30.2	%	32.0	%	30.9	%
Selling and administrative expenses		26.3	%	24.6	%	28.2	%	20.5	%	24.4	%
Depreciation and amortization		3.6	%	3.5	%	4.0	%	2.8	%	3.4	%
Pre-opening expenses		0.4	%	0.3	%	0.3	%	0.1	%	0.2	%
Operating profit (loss)		-0.2	%	2.4	%	-2.2	%	8.6	%	2.8	%
Interest income (expense), net		0.1	%	-0.1	%	-0.1	%	0.0	%	0.0	%
Income (loss) from continuing operations before taxes		-0.1	%	2.3	%	-2.3	%	8.6	%	2.8	%
Income taxes		0.0	%	0.9	%	-0.9	%	3.4	%	1.1	%
Income (loss) from continuing operations (net of income tax)		0.0	%	1.4	%	-1.4	%	5.2	%	1.7	%

BARNES & NOBLE, INC. AND SUBSIDIARIES

Consolidated Statements of Operations

(In thousands, except per share data)

	13 weeks ended			13 weeks ended		13 weeks ended		13 weeks ended		52 weeks ended
	May 5, 2007			August 4, 2007		November 3, 2007		February 2, 2008		February 2, 2008
Sales	$	1,142,256		1,241,434		1,164,004		1,738,980		5,286,674
Cost of sales and occupancy		808,473		879,267		809,774		1,182,331		3,679,845
Gross profit		333,783		362,167		354,230		556,649		1,606,829
Selling and administrative expenses		291,395		300,912		297,847		335,637		1,225,791
Depreciation and amortization		44,599		40,522		40,970		42,509		168,600
Pre-opening expenses		1,034		2,602		5,657		1,094		10,387
Operating profit (loss)		(3,245	)	18,131		9,756		177,409		202,051
Interest income, net		3,033		1,698		1,245		1,506		7,483
Income (loss) from continuing operations before taxes		(212	)	19,829		11,001		178,915		209,534
Income taxes		(84	)	(68	)	4,400		70,375		74,623
Income (loss) from continuing operations (net of income tax)		(128	)	19,897		6,601		108,540		134,911
Income (loss) from discontinued operations (net of income tax)		(1,543	)	(1,845	)	(2,224	)	6,501		888
Net income (loss)		(1,671	)	18,052		4,377		115,041		135,799
Net income (loss) attributable to noncontrolling interests		—		—		—		—		—
Net income (loss) attributable to Barnes & Noble, Inc.	$	(1,671	)	18,052		4,377		115,041		135,799
Income (loss) attributable to Barnes & Noble, Inc.
Income (loss) from continuing operations	$	(128	)	19,897		6,601		108,540		134,911
Less income (loss) attributable to noncontrolling interests		—		—		—		—		—
Net income (loss) from continuing operations attributable to Barnes & Noble, Inc.	$	(128	)	19,897		6,601		108,540		134,911
Basic income (loss) per common share:
Income (loss) from continuing operations attributable to Barnes & Noble, Inc.	$	(0.00	)	0.30		0.10		1.73		2.07
Income (loss) from discontinued operations attributable to Barnes & Noble, Inc.		(0.02	)	(0.03	)	(0.03	)	0.10		0.01
Net income (loss) attributable to Barnes & Noble, Inc.	$	(0.03	)	0.27		0.07		1.83		2.08
Diluted income (loss) per common share:
Income (loss) from continuing operations attributable to Barnes & Noble, Inc.	$	(0.00	)	0.29		0.10		1.67		1.99
Income (loss) from discontinued operations attributable to Barnes & Noble, Inc.		(0.02	)	(0.03	)	(0.03	)	0.10		0.01
Net income (loss) attributable to Barnes & Noble, Inc.	$	(0.03	)	0.26		0.06		1.77		2.00
Weighted average common shares outstanding
Basic		65,209		65,373		63,006		61,060		63,662
Diluted		65,209		68,026		65,311		63,206		66,221
Dividends declared per common share	$	0.15		0.15		0.15		0.15		0.60
Percentage of sales:
Sales		100.0	%	100.0	%	100.0	%	100.0	%	100.0	%
Cost of sales and occupancy		70.8	%	70.8	%	69.6	%	68.0	%	69.6	%
Gross profit		29.2	%	29.2	%	30.4	%	32.0	%	30.4	%
Selling and administrative expenses		25.5	%	24.2	%	25.6	%	19.3	%	23.2	%
Depreciation and amortization		3.9	%	3.3	%	3.5	%	2.4	%	3.2	%
Pre-opening expenses		0.1	%	0.2	%	0.5	%	0.1	%	0.2	%
Operating profit (loss)		-0.3	%	1.5	%	0.8	%	10.2	%	3.8	%
Interest income, net		0.3	%	0.1	%	0.1	%	0.1	%	0.1	%
Income (loss) from continuing operations before taxes		0.0	%	1.6	%	0.9	%	10.3	%	4.0	%
Income taxes		0.0	%	0.0	%	0.4	%	4.0	%	1.4	%
Income (loss) from continuing operations (net of income tax)		0.0	%	1.6	%	0.6	%	6.2	%	2.6	%