Welcome to our dedicated page for Barnes & Noble Ed news (Ticker: BNED), a resource for investors and traders seeking the latest updates and insights on Barnes & Noble Ed stock.
Barnes & Noble Education, Inc. (NYSE: BNED) is a solutions provider for the education industry, and its news flow reflects both its operational footprint in campus retail and its role in academic support services. Through its Barnes & Noble College brand and other units, the company operates physical and virtual bookstores, delivers course material programs, and offers academic and technology-enabled solutions for hundreds of institutions nationwide.
News about BNED often highlights new campus partnerships and store openings, such as agreements for Barnes & Noble College to manage retail, course material and e-commerce operations at major universities. Releases also cover program launches like Room Service, a dorm shopping and delivery service, and Campus to Career, which combines career-focused products with a digital hub of resources and opportunities for students at partner schools.
Investors and education professionals following BNED can expect regular updates on financial performance and SEC reporting. The company issues announcements on quarterly and annual results, including details on revenues from BNC First Day and First Day Complete course material programs, seasonality of its business, and progress on restatements and internal control remediation as described in its 8-K filings.
BNED’s news stream also includes strategic collaborations, such as its partnership with GameSquare to support collegiate esports and gaming programming across more than 1,100 campus bookstores, and leadership changes that affect governance and financial oversight. For anyone tracking the BNED stock or the evolution of campus retail and academic solutions, this page aggregates company press releases, transaction updates, program announcements and regulatory communications in one place.
Barnes & Noble Education, Inc. (NYSE: BNED) announced that CEO Michael P. Huseby and CFO Thomas D. Donohue will present at the 23rd Annual Needham Virtual Growth Conference on January 11, 2021, at 9:15 a.m. ET.
Interested parties can access the webcast at investor.bned.com, where the presentation will also be archived. BNED is a leading solutions provider in the education industry, committed to enhancing access and achievement for academic institutions and students across the country.
Barnes & Noble Education (NYSE: BNED) announced a long-term partnership with Fanatics and Lids to enhance its campus retail operations. The collaboration will improve product selection and e-commerce capabilities through a $15 million equity investment, resulting in the issuance of 2,307,692 shares at $6.50 each. BNED remains responsible for campus bookstore operations while leveraging Fanatics' and Lids' expertise in merchandising and e-commerce. This partnership aims to boost customer experience and financial contributions for campus partners.
Barnes & Noble College (BNC) has launched the College Textbooks Sweepstakes in collaboration with Verizon, offering $500 textbook scholarships to 1,000 winners. This initiative targets students entering the Spring 2021 semester and features a total prize pool of $500,000, marking BNC’s largest sweepstakes to date. The partnership aims to enhance accessibility and affordability for students while promoting Verizon's wireless services and student discounts at more than 500 BNC campus retail locations nationwide.
Barnes & Noble Education (NYSE: BNED) reported a 22.9% decline in Q2 2021 sales, totaling $595.5 million due to COVID-19 impacts, including fewer students on campus and limits on events. GAAP net income fell to $7.5 million from $35.9 million year-over-year, reflecting ongoing challenges. Year-to-date results show sales down 26.8%, with a net loss of $39.1 million. However, the BNC First Day® service grew 77% year-over-year, and the company signed $70 million in new business. BNED is focused on cost management and adapting to the evolving education landscape.
Barnes & Noble Education, Inc. (NYSE: BNED) will report its fiscal 2021 second quarter earnings on December 8, 2020, before market open. An investor conference call will follow at 8:30 a.m. ET to discuss the financial results and operations. The call will be accessible via webcast on the company's website and archived for three months. BNED serves the educational sector, providing solutions to enhance affordability and access in academic institutions.
Barnes & Noble College has partnered with Sam Houston State University to launch the Bearkat Bundle, aimed at enhancing affordability and access to course materials for students. The program, part of the First Day® Complete model, offers a 35% to 50% reduction in costs, ensuring students have all required materials available by the first day of class. Faculty can select materials according to their preferences. Starting in the spring 2021 semester, students will receive tailored email prompts to choose their delivery methods from the campus bookstore.