earnings
confidence high
sentiment neutral
materiality 0.65
BNED Q1 FY2025 revenue $263.4M (-0.3% YoY); net loss $99.5M on debt extinguishment; adjusted EBITDA improves to $(20.7)M
Barnes & Noble Education, Inc.
2025-Q1 EPS
reported -$7.36
vs consensus $0.12
▼ miss
(-6113.1%)
- Revenue $263.4M, down $0.7M YoY; BNC First Day programs revenue up 32% (+$19.6M).
- Net loss from continuing ops $(99.5)M includes $55.2M non-cash loss on extinguishment of debt from second lien conversion.
- Adjusted EBITDA improved to $(20.7)M from $(25.9)M, driven by $10.5M lower SG&A expenses.
- Targeting material FY2025 improvement in operating results; >$10M in cost savings initiatives underway.
- Completed $80M equity/refinancing and $325M new credit facility in June 2024; no formal guidance provided.