Barnes & Noble Education Reports Fourth Quarter and Fiscal Year 2020 Financial Results
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Barnes & Noble Education (BNED) Misses Q4 EPS by 36c, Revenues Beat
July 14, 2020 8:33 AM EDTBarnes & Noble Education (NYSE: BNED) reported Q4 EPS of ($0.84), $0.36 worse than the analyst estimate of ($0.48). Revenue for the quarter came in at $256.9 million versus the consensus estimate of $220.54 million.
Financial results for the fourth quarter and fiscal year 2020:
Consolidated fourth quarter sales of $256.9 million decreased 23.2% as compared to the prior year period; fiscal year 2020 consolidated sales of $1,851.1 million decreased 9.0% as compared to the prior year.Consolidated fourth quarter GAAP net loss was $(40.3) million, compared to a net loss of $(46.2) million in the prior year period. Consolidated fiscal year 2020 GAAP... More