secwatch.observer — SEC 8-K summary
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Issuer:     Barnes & Noble Education, Inc. (BNED)
CIK:        0001634117
Form:       8-K
Filed at:   2022-12-06T23:59:59+00:00
Accession:  0001634117-22-000142
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1634117/000163411722000142/0001634117-22-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1634117/000163411722000142/bned-20221206.htm
  HTML page:      https://secwatch.observer/filing/0001634117-22-000142

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer