BNED Q1 revenue +3.7% to $264.2M; adj EBITDA loss narrows to $(26.8)M; appoints new CFO

Barnes & Noble Education, Inc.

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

Revenue $264.2M (+3.7% YoY); GAAP net loss from cont ops $(50.0)M essentially flat.
Adjusted EBITDA $(26.8)M improved $7.5M from $(34.3)M prior year.
First Day Complete revenue surged 55% to $25.5M; 157 campus stores now enrolled for Fall 2023.
Retail comparable store sales +5.9% despite 117 fewer stores; cost cuts drove SGA -14.2%.
Kevin Watson appointed EVP CFO effective Sept 7; base salary $540K, sign-on $5K.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Kevin Watson

Executive Vice President, Chief Financial Officer

BNED · Barnes & Noble Education, Inc.

Effective: 2023-09-07
Filed: September 6, 2023, 7:59 PM ET

On September 6, 2023, the Company announced the appointment of Kevin Watson as the Company’s Executive Vice President, Chief Financial Officer (“CFO”) effective as of September 7, 2023.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Barnes & Noble Education, Inc. reported first quarter ended July 29, 2023 results: revenue $264.2 million, net income $(50.0) million.

Period: first quarter ended July 29, 2023
Revenue: $264.2 million
Net income: $(50.0) million
Result: reported results

Exact text from the filing

Q124 EARNINGS) --- Q124 EARNINGS Document Exhibit 99.1 Barnes & Noble Education Reports First Quarter Fiscal Year 2024 Financial Results Consolidated Revenue Increased 3.7% to $264.2 Million Retail Segment Gross Comparable Store Sales Increased 5.9% Course Material Gross Comparable Store Sales Increased 6.5% First Day® Complete Revenue Increased 55% to $25.5 Million

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Kevin Watson was appointed as Executive Vice President, Chief Financial Officer at Barnes & Noble Education, Inc..

Action: appointed
Role: Executive Vice President, Chief Financial Officer

Exact text from the filing

On September 6, 2023, the Company announced the appointment of Kevin Watson as the Company’s Executive Vice President, Chief Financial Officer (“CFO”) effective as of September 7, 2023.

View on SEC.gov

18 earnings releases filed in the last 30 days. Browse all earnings releases →

Barnes & Noble Education, Inc. filing history →

Source: SEC EDGAR

accession 0001634117-23-000045

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