Barnes & Noble Education (BNED) Misses Q2 EPS by 43c

Barnes & Noble Education (NYSE: BNED) reported Q2 EPS of $0.42, $0.43 worse than the analyst estimate of $0.85. Revenue for the quarter came in at $617.1 million versus the consensus estimate of $675 million.

Outlook:

For fiscal year 2023, the Company expects consolidated non-GAAP Adjusted EBITDA to be between $20 million to $30 million, representing non-GAAP Adjusted EBITDA growth of $25 million to $35 million compared to fiscal year 2022. The Company’s Retail segment will be the primary driver of non-GAAP Adjusted EBITDA growth driven by new and ongoing First Day Complete course ware model implementations, growth within its general merchandise business, new business margin, and cost reductions.

For earnings history and earnings-related data on Barnes & Noble Education (BNED) click here.

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