Why Barnes & Noble Education (BNED) Stock Is Slipping Today – Barnes &…

Why Barnes & Noble Education (BNED) Stock Is Slipping Today – Barnes &…

Facebook
Twitter
LinkedIn

  • Barnes & Noble Education Inc BNED reports a Revenue down 1.6% in Q2 FY23 year-over-year to $617.10 million, missing the consensus of $675.01 million.
  • Comparable retail gross sales decreased 2.2% and retail sales decreased 1.7%. Wholesale sales fell by 2.5%.
  • Gross profit fell 0.5% year over year to $144.8 million with a 23.5% margin.
  • Barnes & Noble Education reported operating income of $26.7 million for the quarter, compared to $24.6 million a year earlier. The operating margin was 4.3%.
  • Adjusted EBITDA was $39.4 million compared to $39 million a year ago.
  • Adjusted EPS of $0.45 missed consensus of $0.76.
  • barnes & Noble Education held $19.1 million in cash and cash equivalents as of October 29, 2022.
  • outlook: Barnes & Noble Education expects FY23 Adjusted EBITDA to be in the range of $20 million to $30 million.
  • Price promotion: BNED shares traded 30.98% lower at $1.76 on the latest check Tuesday.
  • Photo via company

[ad_2]

Source story

More to explorer