Barnes & Noble Education Q3 FY2024 net loss narrows to $9.9M; adjusted EBITDA jumps to $20.3M

Barnes & Noble Education, Inc.

2024-Q3 EPS reported -$0.68 vs consensus -$82.62 ▲ beat (+99.2%)

Consolidated Q3 GAAP sales $456.7M (+$18.6M vs. prior year); net loss $(9.9)M improved from $(22.1)M.
Non-GAAP Adjusted EBITDA from continuing ops $20.3M, up from $5.2M; Adjusted earnings $(0.7)M vs. $(12.0)M.
First Day Complete revenue surged to $110M from $67M; 160 campus stores using program in spring 2024.
Retail segment gross comparable store sales +8.8% (course materials +14.1%, general merchandise -4.6%).
Company executed bank amendment and continues discussions to strengthen liquidity and financial position.

item 2.02 item 9.01

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 the third quarter ended January 27, 2024 results: revenue $456.7 million, net income $(9.9) million.

Period: the third quarter ended January 27, 2024
Revenue: $456.7 million
Net income: $(9.9) million
Result: reported results

Exact text from the filing

reported sales and earnings for the third quarter ended on January 27, 2024. Financial Results for the Third Quarter Fiscal Year 2024: • Consolidated third quarter GAAP sales of $456.7 million increased by $18.6 million, compared to $438.1 million in the prior year period. The third quarter sales increase is due to higher course material sales, primarily through the

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Source: SEC EDGAR

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