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Benzinga Breaks Down Barnes & Noble Education's Q4 Earnings

Benzinga Breaks Down Barnes & Noble Education's Q4 Earnings
The Barnes & Noble Education Spinoff Is A Year Old; How Has The Deal Fared?
15 Biggest Mid-Day Losers For Thursday
  • Adjusted earnings of $3.3 million vs a $300 thousand loss in same quarter last year
  • Sales $294.8 million vs $284.4 million est, up 7.6 percent year-over-year
  • Comps increased 4.5 percent for the quarter
  • Comps down 1.9 percent for the fiscal year 2016, in line with guidance
  • Guides total sales FY 2017 up 2 to 4 percent, comps flat to 2 percent lower from prior year
  • Sees adjusted EBITDA to increase 12 percent
  • Related Link: Barnes & Noble Education Reports Fourth Quarter And Fiscal Year 2016 Financial Results

    Comps made quite the reversal, after being down 4.1 percent when Barnes & Noble Education, Inc (NYSE: BNED) reported its Q3 results. This is the spinoff’s first earnings surprise (it first reported quarterly results in September of last year).

    Posted-In: Earnings News Guidance


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