BNED Q1 FY2027 net loss narrows to $12.9M; revenue up 0.8% to $290.6M

Barnes & Noble Education, Inc.

Net loss of $12.9M (EPS -$0.37) vs -$18.3M (-$0.54) prior year; 29.3% improvement.
Revenue $290.6M (+0.8% YoY); First Day program revenue $124.7M, up 9.0%.
Adjusted EBITDA loss improved 18.9% to -$9.3M from -$11.5M.
Fall 2026 First Day Complete to reach 1.43M students (+26% YoY) across 263 campuses.
Reiterates FY2027 Adjusted EBITDA outlook of $85-92M; debt down to $123.5M from $170M.

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