---
schema_version: "secwatch.filing_event.v1"
accession: "0001634117-23-000009"
form_type: "8-K"
ticker: "BNED"
cik: "0001634117"
company_name: "Barnes & Noble Education, Inc."
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T07:06:58.145798+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001634117-23-000009
- form_type: 8-K
- ticker: BNED
- cik: 0001634117
- company_name: Barnes & Noble Education, Inc.
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1634117/000163411723000009/0001634117-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1634117/000163411723000009/bned-20230309.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001634117-23-000009
- JSON: https://secwatch.observer/filing/0001634117-23-000009.json
- Plain text: https://secwatch.observer/filing/0001634117-23-000009.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1634117/000163411723000009/0001634117-23-000009-index.htm

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