Barnes & Noble Education (NYSE: BNED) reported Q2 EPS of $0.41, $0.17 worse than the analyst estimate of $0.58. Revenue for the quarter came in at $627 million versus the consensus estimate of $663.3 million.

Outlook:
While it is difficult to predict the ongoing effects of the COVID virus, 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, events and sporting activities. The Company expects non-GAAP adjusted EBITDA to approach annual pre-COVID levels in fiscal year 2023, based on an expectation that campuses will be able to resume on campus learning, events and sporting activities with substantially less-restrictive COVID-related policies and operating protocols next year, and that there are fewer negative impacts from the broader supply chain issues.

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