---
schema_version: "secwatch.filing_event.v1"
accession: "0001634117-22-000142"
form_type: "8-K"
ticker: "BNED"
cik: "0001634117"
company_name: "Barnes & Noble Education, Inc."
filed_at: "2022-12-06T23:59:59+00:00"
generated_at: "2026-06-21T08:55:36.339694+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# BNED Q2 revenue $617M (-1.6% YoY); net income $22.1M; plans $30-35M cost savings

## Summary
- GAAP sales $617.1M, down 1.6%; net income $22.1M vs $22.5M prior year.
- Non-GAAP adjusted EBITDA $39.4M vs $39.0M; adjusted earnings $24.0M vs $25.0M.
- First Day Complete revenue +97% to $89.9M; adopted by 111 stores covering ~545K students.
- Retail comparable store sales -2.2%; general merchandise +4.5% partly offsetting course material declines.
- Expects $30-35M annualized cost savings, $10-15M in FY2023; accelerating First Day Complete adoption.

## SEC filing metadata
- accession: 0001634117-22-000142
- form_type: 8-K
- ticker: BNED
- cik: 0001634117
- company_name: Barnes & Noble Education, Inc.
- filed_at: 2022-12-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1634117/000163411722000142/0001634117-22-000142-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1634117/000163411722000142/bned-20221206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001634117-22-000142
- JSON: https://secwatch.observer/filing/0001634117-22-000142.json
- Plain text: https://secwatch.observer/filing/0001634117-22-000142.txt

## Key facts
- Earnings Releases
  Barnes & Noble Education, Inc. reported second quarter ended October 29, 2022 results: revenue $617.1 million, net income $22.1 million.
  - Period: second quarter ended October 29, 2022
  - Revenue: $617.1 million
  - Net income: $22.1 million
  - Result: reported results
  source text: Financial results for the second quarter 2023: • Consolidated second quarter GAAP sales of $617.1 million decreased 1.6%, as compared to the prior year period. • Consolidated second quarter GAAP gross profit of $144.8 million compared to $145.6 million in the prior year period. Gross margin was 23.5% of sales as compared to 23.2% in the prior year period. • Consolidated second quarter GAAP net income of $22.1 million, compared to $22.5 million in the prior year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1634117/000163411722000142/0001634117-22-000142-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.