Barnes & Noble Education (NYSE: BNED) reported Q4 EPS of ($0.06), $0.05 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $294.8 million versus the consensus estimate of $284.43 million.

Comparable store sales increased 4.5% for the quarter. Consistent with the past and as disclosed in the Company’s third quarter fiscal 2016 earnings release, the Spring Rush period extended into the fourth quarter due to later school openings and a continued pattern of students buying course materials later in the semester.

• Fourth quarter non-GAAP Adjusted EBITDA of $19.0 million, an increase of $5.9 million, as compared to prior year period; full year non-GAAP Adjusted EBITDA of $80.5 million, a decrease of $3.5 million, as compared to prior year period.
• Fourth quarter non-GAAP Adjusted Earnings of $3.3 million, as compared to Adjusted Earnings of $(0.3) million in the prior year period; full year non-GAAP Adjusted Earnings of $15.5 million, as compared to $19.1 million in the prior year.

Outlook

For fiscal year 2017, the Company expects total sales to grow by 2.0% to 4.0%, while comparable store sales are expected to be approximately flat to 2.0% lower than the prior year. The Company currently plans to open 32 new stores in fiscal 2017, based upon contracts awarded to date, with estimated annual sales of approximately $110 million. The Company expects Adjusted EBITDA to increase by approximately 12%, and capital expenditures are expected to be approximately $50 million.

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