For the 39-week period ended October 28, 2006, net sales increased 1.1% to $345.6 million from sales of $342.0 million in the year-earlier period. Comparable store sales increased 0.2% when compared with the same period of fiscal 2006. For the 39-week period, the Company reported net income of $3.8 million, or $0.22 per diluted share, compared with net income of $1.9 million, or $0.11 per diluted share, for the year-earlier period. The Company’s results for the 39 weeks included $101,000 in the current fiscal year and $770,000 in the prior year for gains, net of taxes, from insurance recoveries for stores that were permanently damaged by hurricanes. The gain in the prior year increased net income for the 39 weeks by approximately $0.04 per fully diluted share.

Commenting on the results, Sandra B. Cochran, President and Chief Executive Officer, said, “We are pleased with our results for the quarter. Despite the difficult comparable store sales comparison with last year and the distractions of the political season, we were able to deliver solid results. The fourth quarter best seller lineup is solid, and we are focused on executing our merchandising and marketing plans for the holiday season.”

The Company will pay a quarterly cash dividend of $0.08 per Common Share on December 15, 2006, to shareholders of record at the close of business on December 1, 2006.

Books-A-Million is one of the nation’s leading book retailers and sells on the internet at www.booksamillion.com. The Company presently operates 208 stores in 20 states and the District of Columbia. The Company operates large superstores under the names Books-A-Million and Books & Co. and traditional bookstores operating under the name Bookland, Books-A-Million and Joe Muggs Newsstands. The common stock of Books-A-Million, Inc. is traded on the NASDAQ Stock Market’s Global Select Market under the symbol BAMM.

 
                        BOOKS-A-MILLION, INC.
             Unaudited Consolidated Statements of Income
                (In thousands, except per share data)

                                13 Weeks Ended       39 Weeks Ended
                             -------------------- --------------------
                              Oct. 28,  Oct. 29,   Oct. 28,  Oct. 29,
                               2006       2005      2006       2005
                             ---------- --------- ---------- ---------
NET SALES                     $110,692  $107,287   $345,648  $341,958
   Cost of sales (including
    warehouse, distribution
    and store occupancy
    costs)                      81,604    79,215    249,014   248,313
                             ---------- --------- ---------- ---------
GROSS PROFIT                    29,088    28,072     96,634    93,645
   Operating, selling and
    administrative expenses     26,154    26,445     79,990    78,681
   Gain on insurance
    recoveries                    (163)   (1,248)      (163)   (1,248)
   Depreciation and
    amortization                 3,399     3,881     10,388    11,888
                             ---------- --------- ---------- ---------
OPERATING INCOME (LOSS)           (302)   (1,006)     6,419     4,324
   Interest expense, net            64       378        229     1,178
                             ---------- --------- ---------- ---------
INCOME (LOSS) FROM
 CONTINUING OPERATIONS
   BEFORE INCOME TAXES            (366)   (1,384)     6,190     3,146
   Income tax provision
    (benefit)                     (173)     (530)     2,367     1,204
                             ---------- --------- ---------- ---------
INCOME (LOSS) FROM
 CONTINUING OPERATION             (193)     (854)     3,823     1,942
DISCONTINUED OPERATIONS:
   Loss from discontinued
    operations (including
    loss on disposal)              (12)     ( 31)       (89)      (86)
   Income tax benefit                4        12         34        32
                             ---------- --------- ---------- ---------
LOSS FROM DISCONTINUED
 OPERATIONS                         (8)      (19)       (55)      (54)
                             ---------- --------- ---------- ---------
NET INCOME (LOSS)                $(201)    $(873)    $3,768    $1,888
                             ========== ========= ========== =========

NET INCOME (LOSS) PER COMMON
 SHARE:
Basic:
   Income (loss) from
    continuing operations       $(0.01)   $(0.05)     $0.23     $0.12
   Loss from discontinued
    operations                      --        --         --        --
                             ---------- --------- ---------- ---------
   Net income (loss)            $(0.01)   $(0.05)     $0.23     $0.12
                             ========== ========= ========== =========

Diluted:
   Income (loss) from
    continuing operations       $(0.01)   $(0.05)     $0.23     $0.11
   Loss from discontinued
    operations                      --        --      (0.01)       --
                             ---------- --------- ---------- ---------
   Net income (loss)            $(0.01)   $(0.05)     $0.22     $0.11
                             ========== ========= ========== =========

Weighted average shares
 outstanding:
   Basic                        16,588    16,487     16,594    16,329
                             ========== ========= ========== =========
   Diluted                      16,588    16,487     16,984    16,924
                             ========== ========= ========== =========

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995:

This document contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. A number of factors could cause actual results, performance, achievements of the Company, or industry results to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the competitive environment in the book retail industry in general and in the Company's specific market area; inflation; economic conditions in general and in the Company's specific market areas; the number of store openings and closings; the profitability of certain product lines, capital expenditures and future liquidity; liability and other claims asserted against the Company; uncertainties related to the Internet and the Company's Internet initiative. In addition, such forward-looking statements are necessarily dependent upon assumptions, estimates and dates that may be incorrect or imprecise and involve known and unknown risks, uncertainties and other factors. Accordingly, any forward-looking statements included herein do not purport to be predictions of future events or circumstances and may not be realized. Given these uncertainties, shareholders and prospective investors are cautioned not to place undue reliance on such forward-looking statements. The Company disclaims any obligations to update any such factors or to publicly announce the results of any revisions to any of the forward-looking statements contained herein to reflect future events or developments.