---
schema_version: "secwatch.filing_event.v1"
accession: "0001634117-23-000035"
form_type: "8-K"
ticker: "BNED"
cik: "0001634117"
company_name: "Barnes & Noble Education, Inc."
filed_at: "2023-08-04T23:59:59+00:00"
generated_at: "2026-06-12T06:02:56.364751+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001634117-23-000035
- form_type: 8-K
- ticker: BNED
- cik: 0001634117
- company_name: Barnes & Noble Education, Inc.
- filed_at: 2023-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1634117/000163411723000035/0001634117-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1634117/000163411723000035/bned-20230804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001634117-23-000035
- JSON: https://secwatch.observer/filing/0001634117-23-000035.json
- Plain text: https://secwatch.observer/filing/0001634117-23-000035.txt

## Key facts
- Earnings Releases
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1634117/000163411723000035/0001634117-23-000035-index.htm

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