Barnes & Noble Education reports H1 net income of $6.7M, revenue up 7.7%; reiterates FY Adjusted EBITDA $65-$75M

Barnes & Noble Education, Inc.

Net income of $6.7M vs net loss of $60.8M in prior year H1; adjusted net income $10.6M.
Total sales $932.6M, +7.7% YoY; BNC First Day program revenue increased 29.0% ($91.7M).
Total net debt $110.8M as of Nov 1, 2025, a $55.1M decline year-over-year.
Adjusted EBITDA $38.3M for H1, up from $33.9M in prior year; company now current in SEC filing.
Reiterated FY2026 outlook: Adjusted EBITDA $65-$75M; expects ~$20M capex and material interest cost reduction.

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