Barnes & Noble Ed Inc Stock Price, News & Analysis

Barnes & Noble Education (NYSE: BNED) completed an internal investigation and released preliminary, unaudited results for fiscal 2025 and year-to-date fiscal 2026, including preliminary restated prior‑year figures.

Key metrics: FY2025 revenue ~$1.6B (+2.6% YoY), First Day revenue +25.3% YoY, FY2025 Adjusted EBITDA $55M–$63M (vs $34M–$40M prior year), FY2025 net loss $(68M)–$(62M) including a $55.2M non‑cash loss on debt extinguishment, and year‑end total debt of $103.1M (net debt ~$94.0M).

First half FY2026: revenue ~$933M (+7.8% YoY), net income $3M–$8M, Adjusted EBITDA $32M–$42M, and First Day enrollment ~1.14M students (+24% YoY). Results remain subject to final restatement and audit.

Barnes & Noble College (NYSE: BNED) has launched Campus to Career, a comprehensive initiative designed to bridge the gap between academic and professional life for college students. The program features both physical and digital components, including career-focused products available in-store and online, and an exclusive digital hub powered by Home From College (H\FC) that connects students with opportunities at Fortune 500 companies and startups.

The initiative addresses a significant market need, as revealed by a 2025 Intelligent.com survey showing that 24% of hiring managers believe recent graduates are unprepared for interviews. The program includes partnerships with major brands like Microsoft and offers resources ranging from professional laptops to career-help books, supporting the 43% of four-year students and 21% of two-year students who seek resume assistance.

Barnes & Noble College (NYSE: BNED) has launched Room Service, an innovative dorm shopping and delivery service designed to simplify the college move-in experience. This first-of-its-kind program allows students to purchase curated dorm essentials including bedding, bath items, storage solutions, desk supplies, and mini appliances, with direct delivery to campus housing before move-in day.

The service features a guided online shopping experience and is exclusively available to Barnes & Noble College school partners. Students can either opt for direct dorm delivery or campus pickup, with ongoing support available through campus bookstores. This initiative is part of BNC's broader strategy to transform campus bookstores into comprehensive service hubs for the entire campus community.

GameSquare (NASDAQ:GAME) has announced a strategic partnership with Barnes & Noble College to create collegiate esports and gaming programs across the United States. The partnership will reach nearly 6 million students through over 1,100 physical and virtual campus bookstores.

The collaboration will feature multiple competitions throughout the 2025-2026 academic year, including online qualifiers and live finals on a national stage. The initiative is backed by compelling market data showing that over 90% of college students play video games, with 35% playing daily. Additionally, more than 200 U.S. colleges and universities now offer varsity-level competitive gaming programs.

Barnes & Noble Education (NYSE:BNED) has received a notice from the NYSE regarding its delayed filing of Form 10-K for the fiscal year ended May 3, 2025. The delay is due to an ongoing audit committee internal investigation that has prevented management from completing financial reporting.

The company has been granted a six-month compliance period until February 1, 2026, to file the Form 10-K. While BNED's stock listing remains active, failure to file within this period could result in delisting, though the NYSE may grant an additional six-month extension at its discretion.

Barnes & Noble Education (NYSE: BNED) has announced significant expansion with over 20 new campus store partnerships across the United States, more than doubling their growth rate compared to the previous two years. The new partnerships, spanning 17 states, include notable institutions like Villanova University, Georgia Southern University, and the University of Denver.

These stores will open between February and August 2025 for the 2025-2026 academic year. More than half of the new partners will implement BNC's First Day® Complete affordable access program. The company's offering includes omnichannel retail experiences, innovative technology solutions like Bookshelf e-reader and CoachMe study tools, and comprehensive course material delivery systems.

Barnes & Noble Education (NYSE: BNED) reported strong Q3 FY2025 financial results, with total revenue increasing 2.1% to $466.3 million. The company's BNC First Day® program showed significant growth, with revenues up 20.8% year-over-year to $222 million. Gross comparable store sales grew 6.6%.

The company reported net income of $7.1 million ($0.23 per share), compared to a loss of $(9.9) million in the previous year. Adjusted EBITDA improved by 29.8% to $27.4 million. First Day® Complete expanded to 191 campus stores, serving approximately 957,000 students, an 18.9% increase from the prior year.

The company strengthened its balance sheet through two $40 million At-the-Market equity offerings, reducing total debt to $141.2 million from $254.3 million year-over-year. Net working capital improved to positive $223.3 million from $(86.0) million last year.

Barnes & Noble Education (NYSE: BNED) has announced two key leadership appointments effective March 3, 2025. Christopher Neumann joins as General Counsel & Corporate Secretary from Six Flags, where he led legal and corporate governance functions and managed the company's $8 billion merger with Cedar Fair. Previously, he served at Kaplan as Vice President, Deputy General Counsel.

Gary Luster has been appointed as Chief Accounting Officer, bringing extensive experience from TerrAscend, Capri Holdings, Tiffany & Co., and Novartis's former consumer health division. Both executives will focus on strengthening BNED's operational efficiency and business strategy.

CEO Jonathan Shar emphasized that these appointments will enhance the company's leadership capabilities, optimize processes, mitigate risk, and align strategies with industry best practices to drive long-term growth and shareholder value.

Barnes & Noble Education (BNED) reported Q2 FY2025 financial results, with total revenue decreasing 1.4% to $602.1 million, primarily due to closure of 109 underperforming locations. However, BNC First Day® program revenues grew 18% to $235 million, with First Day® Complete expanding to 183 campus stores serving approximately 925,000 students.

Net income doubled to $49.7 million compared to $24.9 million last year, while Adjusted EBITDA improved 29.1% to $66.0 million. The company completed a $40 million At-the-Market sales agreement with BTIG, , expecting to reduce annual interest expense by nearly $4 million. Cost-saving initiatives are estimated to deliver over $20 million in go-forward savings.