---
schema_version: "secwatch.filing_event.v1"
accession: "0001634117-23-000045"
form_type: "8-K"
ticker: "BNED"
cik: "0001634117"
company_name: "Barnes & Noble Education, Inc."
filed_at: "2023-09-06T23:59:59+00:00"
generated_at: "2026-06-10T23:27:57.879039+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001634117-23-000045
- form_type: 8-K
- ticker: BNED
- cik: 0001634117
- company_name: Barnes & Noble Education, Inc.
- filed_at: 2023-09-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1634117/000163411723000045/0001634117-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1634117/000163411723000045/bned-20230906.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001634117-23-000045
- JSON: https://secwatch.observer/filing/0001634117-23-000045.json
- Plain text: https://secwatch.observer/filing/0001634117-23-000045.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1634117/000163411723000045/0001634117-23-000045-index.htm
- Executive change
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1634117/000163411723000045/0001634117-23-000045-index.htm

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