BNED reports FY2026 net income of $16.9M, adjusted EBITDA $76.5M, initiates dividend

Barnes & Noble Education, Inc.

Revenue $1.715B (+6.5% YoY); comparable store sales +4.4%; gross margin 21.4% vs 21.0%.
Net income $16.9M vs loss $(65.8)M prior year; adjusted EBITDA $76.5M (+28.8% YoY).
BNC First Day revenue $760.1M (+28% YoY); 232 campus stores using First Day Complete.
Inaugural quarterly dividend $0.08/share, payable July 30, 2026 to holders of record July 16.
Reiterates FY2027 adjusted EBITDA guidance of $85M-$92M; net debt down 33% to $62.6M.

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