Barnes & Noble Education (BNED) Tops Q2 EPS by 2c

Barnes & Noble Education (NYSE: BNED) reported Q2 EPS of $0.46, $0.02 better than the analyst estimate of $0.44. Revenue for the quarter came in at $610.4 million versus the consensus estimate of $619.46 million.

Fiscal Year 2024 Outlook:

The Company is maintaining its guidance for fiscal year 2024 consolidated non-GAAP Adjusted EBITDA from Continuing Operations of approximately $40 million. The year-over-year increase is expected to be driven by growth in the Company’s Retail Segment, primarily due to growth in the Company’s BNC First Day programs, and the impact of the cost reduction actions the Company has executed and expects to continue to implement.

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

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