Barnes & Noble Education Shares Rally As Q1 Sales Tops Consensus - Barnes & Noble Education (NYSE:BNED)

Barnes & Noble Education Inc BNED reported first-quarter FY22 sales growth of 18% year-on-year, to $240.79 million, beating the analyst consensus of $225.60 million.
Retail segment gross comparable store sales increased 49.8%, and retail sales rose 32.6%. Wholesale sales decreased 44.6%.
Gross profit rose 94.5% Y/Y to $60 million with a margin of 24.9%.
The operating loss narrowed to $(41.4) million.
Barnes & Noble Education held $7.6 million in cash and equivalents as of July 31, 2021.
Adjusted EBITDA loss was $(24.5) million versus $(38.0) million last year.
EPS was $(0.86) versus $(0.96) last year.
Outlook: Barnes & Noble Education expects to generate positive non-GAAP Adjusted EBITDA in the current fiscal year.
The company expects non-GAAP adjusted EBITDA to approach annual pre-COVID levels in FY23.
Price Action: BNED shares traded higher by 12.29% at $9.28 on the last check Thursday.