Read How Barnes & Noble Education Performed In Q4

  • Barnes & Noble Education Inc BNED  reported fourth-quarter FY22 sales growth of 17.1% year-on-year to $260.83 million, beating the consensus of $229.21 million.
  • Retail segment gross comparable store sales increased 32.6%. Retail sales rose 18.3%, and wholesale sales decreased 6.5%.
  • Gross profit rose 123.4% Y/Y to $80.2 million with a margin of 30.7%.
  • The operating loss for the quarter narrowed sharply to $(18.1) million.
  • EPS loss of $(0.21) missed the consensus of $(0.17).
  • Also ReadBarnes & Noble Separates Chairman & CEO Roles; Renews Cooperation Agreement With Outerbridge
  • Barnes & Noble Education held $21.9 million in cash and equivalents as of April 30, 2022. Net cash provided by operating activities for the year totaled $2.1 million.
  • "Fiscal 2022 proved to be more challenging than we anticipated – both the Fall and Spring academic terms were disrupted by new COVID strains," said CEO Michael P. Huseby.
  • "As we look out to Fiscal 2023, while we expect certain challenges to persist, especially those continuing to impact our wholesale business, we expect our results to improve significantly over Fiscal 2022..," Huseby added.
  • Price Action: BNED shares traded lower by 5.30% at $2.81 on the last check Wednesday.
  • Photo Via Company

Posted In: BriefsEarningsNewsPenny StocksEducationMoversTrading IdeasGeneral

Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.

All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.

Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.

Rate collection and criteria: Click here for more information on rate collection and criteria.