Barnes & Noble Education (NYSE: BNED) reported Q4 EPS of ($0.86), $0.29 worse than the analyst estimate of ($0.57). Revenue for the quarter came in at $222.8 million versus the consensus estimate of $230.5 million.

Outlook:

While it is difficult to predict the ongoing effects of the COVID-19 virus with any certainty, based on its current views, the Company expects to generate positive non-GAAP Adjusted EBITDA in fiscal year 2022, as most schools return to a traditional on-campus environment for learning and sporting activities. The Company expects non-GAAP Adjusted EBITDA to approach annual pre-COVID levels in fiscal year 2023, as campuses fully resume on-campus learning and sporting activities with substantially less-restrictive COVID-related policies and operating protocols.

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