Barnes & Noble Education Q3 FY2023 revenue up 11% to $447.1M, net loss narrows to $(25.0)M

Barnes & Noble Education, Inc.

2023-Q3 EPS reported -$1.06 revenue$1,328,020,000

Consolidated revenue $447.1M (+11.0% YoY); gross profit $104.2M (+19.8%); gross margin expanded to 23.3%.
GAAP net loss $(25.0)M improved from $(36.8)M; adjusted EBITDA $6.4M vs $(13.1)M in prior year.
BNC First Day Complete revenue grew 76% to $67M; 116 campus stores using program (vs 76 last spring).
Retail gross comparable store sales +5.9%: course materials +7.4%, general merchandise +2.3%.
Wholesale revenue $38.9M (+5.2% YoY), first growth since Q1 FY2020; cost savings initiatives underway.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Barnes & Noble Education, Inc. reported third quarter ended January 28, 2023 results: revenue $447.1 million, net income $(25.0) million.

Period: third quarter ended January 28, 2023
Revenue: $447.1 million
Net income: $(25.0) million
Result: reported results

Exact text from the filing

Q323 EARNINGS) --- Q323 EARNINGS Document Exhibit 99.1 Barnes & Noble Education Reports Third Quarter Fiscal Year 2023 Financial Results Consolidated Revenue Increased 11.0% to $447.1 Million BNC’s First Day® Complete Revenue Grew 76% Retail Gross Comparable Store Sales Increased 5.9% Consolidated GAAP Net Loss Improved by $11.8 Million and Consolidated Adjusted

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Source: SEC EDGAR

accession 0001634117-23-000009

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