Highest-materiality recent filing
BNED Q3 revenue +11.3% to $515M; initiates $0.08 quarterly dividend
Revenue $515.1M, +11.3% YoY; net income $6.7M vs $17.9M prior due to absence of one-time gain.
Net income of $6.7M vs net loss of $60.8M in prior year H1; adjusted net income $10.6M.
BNED reports FY2025 revenue $1.61B, net loss $65.8M, Adjusted EBITDA $59.4M; files Super 10-K
FY2025 revenue up 2.7% to $1.61B; First Day program revenue up 25% to $119.9M.
FY25 net loss $(68M)-(62M) vs prior $(78M)-(72M) restated; Adjusted EBITDA $55-63M vs $34-40M.
BNED delays Q1 filing, gives prelim results; restating prior periods due to investigation
Preliminary Q1 FY2026 total sales $288.6M (+9.5% YoY); BNC First Day revenue $114.3M (+40.5%).
BNED restates multiple FY2024-2025 periods; employee misconduct; FY2025 sales $1.61B
Board concludes FY2024 and Q1-Q3 FY2025 financials cannot be relied upon; restatement expected.
BNED gets NYSE noncompliance notice for delayed 10-K; audit probe ongoing
Received NYSE notice on Aug 4, 2025 for failure to file FY2025 10-K by due date.
Potential overstatement of up to $23M in accounts receivable as of May 3, 2025, from actions of a suspended payment processing employee.
BNED Q3 net income $7.1M vs loss, revenue up 2%, BNC First Day revenues +21%
Net income of $7.1M ($0.23/share) vs loss of $(9.9M) last year; Adjusted EBITDA $27.4M (+30% YoY).
BNED enters $40M at-the-market equity offering with BTIG
Up to $40M of common stock can be sold via ATM program; BTIG acts as sales agent.
BNED Q2 net income doubles to $49.7M; First Day revenue up 18% to $235M
Total revenue $602.1M (-1.4% YoY) as store closures offset 3.8% comparable store sales gain.
Barnes & Noble Education Q2 prelim: net income up ~77-97% YoY; First Day revenue +18% to $235M
Revenue expected ~flat YoY despite operating 109 fewer physical/virtual stores.
Barnes & Noble Education EVP, Chief Legal Officer resigns effective immediately
Michael Miller resigned as EVP, Corporate Development & Affairs, Chief Legal Officer, and Secretary on Sept 23, 2024.
Barnes & Noble Education enters ATM equity offering for up to $40M with BTIG
Up to $40M aggregate offering price of common stock via at-the-market program.
Shareholders approved charter amendment reducing authorized common shares from 10,000,000,000 to 200,000,000 (24,412,758 for, 26,955 against).
Revenue $263.4M, down $0.7M YoY; BNC First Day programs revenue up 32% (+$19.6M).
BNED reports FY24 revenue up 1.6% to $1.57B, net loss narrows; June refinancing injects $80M
FY24 revenue $1.57B (+1.6%); net loss from continuing ops $(62.5)M vs $(90.1)M prior year.
Barnes & Noble Education CEO Huseby resigns; Jonathan Shar named CEO effective June 11, 2024
Michael Huseby resigned as CEO; receives $750k severance plus $750k in six months, plus transition services up to 20 hrs/month for 6 months.
BNED closes $95M equity raise, $34M debt conversion, ABL refinancing, 1-for-100 reverse split
Received $95M gross new equity ($80M net) via $50M private investment and $45M backstopped rights offering led by Immersion (IMMR).
BNED shareholders approve $95M equity recapitalization; rights offering 71% subscribed
Shareholders approved all proposals: share issuance, authorized increase to 10B shares, 1-for-100 reverse split, and new directors.
BNED prelim FY24 Adj. EBITDA $45M beats guidance; equity rights offering and $50M investment planned
Preliminary FY2024 revenue ~$1,567M (+1.6% YoY); GAAP net loss ~$63M improved from $90M loss.
BNED sets May 14 record date for rights offering at $0.05/share, non-transferable
Record date for non-transferable rights offering is May 14, 2024; subscription price $0.05 per whole share.
Barnes & Noble Education adopts short-term shareholder rights plan with 10% trigger
Dividend of one right per share payable April 29, 2024 to holders of record; rights expire Jan 31, 2025.
BNED announces $95M capital raise, $34M debt conversion, new $325M ABL facility
Gross proceeds of $95M: $50M private investment led by Immersion and $45M fully backstopped rights offering at $0.05/share.
Barnes & Noble Education extends refinancing commitment deadline to April 12
Milestone for binding commitment letter extended from April 10 to April 12, 2024.
Barnes & Noble Education Q3 FY2024 net loss narrows to $9.9M; adjusted EBITDA jumps to $20.3M
Consolidated Q3 GAAP sales $456.7M (+$18.6M vs. prior year); net loss $(9.9)M improved from $(22.1)M.
NYSE notifies BNED of non-compliance; avg closing price below $1.00 for 30 days
NYSE notified BNED on Feb 27 that avg closing price <$1.00 over 30 trading days (Section 802.01C).
The Board of Directors of Barnes & Noble Education, Inc. (the “Company”) appointed Gary Luster, age 57, as Senior Vice President, Chief Accounting Officer, effective as of March 3, 2025.
On September 23, 2024, Michael Miller provided notice of his resignation as the Company’s Executive Vice President, Corporate Development & Affairs, Chief Legal Officer and Secretary, effective immediately.
Effective on June 11, 2024, the Board of Directors of the Company appointed Mr. Jonathan Shar, age 55, to the position of Chief Executive Officer.
On June 11, 2024, Mr. Michael P. Huseby resigned as Chief Executive Officer of Barnes & Noble Education, Inc.
Mario Dell’Aera Jr., David Golden, Michael Huseby, Steven Panagos, Vice Admiral John Ryan, Rory Wallace, and Raphael Wallander resigned from the Company’s Board of Directors.
Mario Dell’Aera Jr., David Golden, Michael Huseby, Steven Panagos, Vice Admiral John Ryan, Rory Wallace, and Raphael Wallander resigned from the Company’s Board of Directors.
Mario Dell’Aera Jr., David Golden, Michael Huseby, Steven Panagos, Vice Admiral John Ryan, Rory Wallace, and Raphael Wallander resigned from the Company’s Board of Directors.
Mario Dell’Aera Jr., David Golden, Michael Huseby, Steven Panagos, Vice Admiral John Ryan, Rory Wallace, and Raphael Wallander resigned from the Company’s Board of Directors.
Mario Dell’Aera Jr., David Golden, Michael Huseby, Steven Panagos, Vice Admiral John Ryan, Rory Wallace, and Raphael Wallander resigned from the Company’s Board of Directors.
Mario Dell’Aera Jr., David Golden, Michael Huseby, Steven Panagos, Vice Admiral John Ryan, Rory Wallace, and Raphael Wallander resigned from the Company’s Board of Directors.
Mario Dell’Aera Jr., David Golden, Michael Huseby, Steven Panagos, Vice Admiral John Ryan, Rory Wallace, and Raphael Wallander resigned from the Company’s Board of Directors.
Max materiality 0.95 · Median 0.70 · Most common event other_material