Barnes & Noble Education (BNED) Misses Q1 EPS, Revenues Beat

Barnes & Noble Education (NYSE: BNED) reported Q1 EPS of ($1.01), which may not compare to analyst estimate of ($0.59). Revenue for the quarter came in at $263.9 million versus the consensus estimate of $259.93 million.

GUIDANCE:

For fiscal year 2023, the Company expects consolidated non-GAAP Adjusted EBITDA to be between $30 million to $40 million. The Company expects significant improvement in its Retail business being driven by new First Day Complete implementations, growth within its general merchandise business and new business wins. The challenges within its wholesale business, including constrained used book inventory and higher inflationary pressures on wages and freight, are expected to persist. DSS non-GAAP Adjusted EBITDA is expected to be near fiscal year 2022 levels as revenue growth is offset by investments in product enhancements.

For earnings history and earnings-related data on Barnes & Noble Education (BNED) click here.

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