secwatch.observer — SEC 8-K summary
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Issuer:     Barnes & Noble Education, Inc. (BNED)
CIK:        0001634117
Form:       8-K
Filed at:   2024-07-01T23:59:59+00:00
Accession:  0001634117-24-000046
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

BNED reports FY24 revenue up 1.6% to $1.57B, net loss narrows; June refinancing injects $80M
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- FY24 revenue $1.57B (+1.6%); net loss from continuing ops $(62.5)M vs $(90.1)M prior year.
- Adjusted EBITDA improved to $45.2M from $(8.1)M in prior year.
- First Day Complete revenue +48%; 160 stores (805K students), up 39% YoY.
- June 2024 refinancing: ~$80M cash, $34M debt-to-equity, $325M credit facility due 2028.
- 1-for-100 reverse stock split completed June 11; outstanding shares ~26.2M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1634117/000163411724000046/0001634117-24-000046-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1634117/000163411724000046/bned-20240701.htm
  HTML page:      https://secwatch.observer/filing/0001634117-24-000046

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer