BNED reports FY2023 revenue +3.2% to $1.54B; net loss widens to $90M from continuing ops

Barnes & Noble Education, Inc.

2024-Q1 EPS reported -$0.96 revenue$264,161,000

FY2023 GAAP net loss from continuing operations $90.1M ($1.72 loss per share) vs $61.6M prior year; Q4 loss $41.9M.
Adjusted EBITDA from continuing ops improved to $(8.2)M from $(10.3)M; FY2024 guidance targets ~$40M.
First Day Complete revenue surged 88% to $198M; 157 campus stores signed for Fall 2023.
Completed sale of DSS segment for $20M net cash; expects gain of $2.5-4.5M in Q1 FY2024.
Credit facility amended and extended; targeting $30-35M annualized cost savings in FY2024.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Barnes & Noble Education, Inc. reported financial results for the fourth quarter and fiscal year 2023, which ended on April 29, 2023.

Period: the fourth quarter and fiscal year 2023, which ended on April 29, 2023
Result: reported results

Exact text from the filing

On August 4, 2023, Barnes & Noble Education, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal fourth quarter and full year ended April 29, 2023 (the “Press Release”).

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Source: SEC EDGAR

accession 0001634117-23-000035

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