Barnes & Noble Education Reports First Quarter Fiscal Year 2021 Financial Results
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Barnes & Noble Education (BNED) Misses Q1 EPS by 18c, Revenues Miss
September 3, 2020 8:02 AM EDTBarnes & Noble Education (NYSE: BNED) reported Q1 EPS of ($0.96), $0.18 worse than the analyst estimate of ($0.78). Revenue for the quarter came in at $204 million versus the consensus estimate of $220.53 million.
Financial highlights for the first quarter 2021:
Consolidated first quarter sales of $204.0 million decreased 36.2%, as compared to the prior year period.Consolidated first quarter GAAP net loss of $(46.7) million, compared to a GAAP net loss of $(32.2) million in the prior year period. Consolidated first quarter non-GAAP Adjusted Earnings of $(41.7) million, compared to non-GAAP Adjusted Earnings of $(30.1) million in the prior year... More