Barnes & Noble Ed Inc Stock Price, News & Analysis

Barnes & Noble Education, Inc. (NYSE: BNED) will present at the 25th Annual Needham Growth Conference on January 10, 2023, at 10:15 a.m. ET. The event highlights BNED's role as a leading solutions provider in the education sector, enhancing affordability and accessibility for students across numerous institutions. To access the live webcast, visit investor.bned.com. The presentation will also be archived for later viewing.

Barnes & Noble Education (BNED) reported a 1.6% decline in consolidated sales for Q2 2023, totaling $617.1 million, with a net income of $22.1 million. Gross profit fell slightly to $144.8 million, reflecting a gross margin increase to 23.5%. The First Day® Complete program saw remarkable growth, with revenue rising 97% to $89.9 million, accounting for a 49% increase in overall access programs revenue. The company plans to implement cost-saving measures, aiming for $30-$35 million in annual savings while focusing on profitability and growth.

Barnes & Noble Education, Inc. (NYSE: BNED) has announced the upcoming release of its Fiscal 2023 second quarter earnings results on Tuesday, December 6, 2022, before the market opens. An investor conference call will follow at 8:30 a.m. Eastern Time the same day, aimed at discussing the company’s financial performance and operations. This call will be available as a webcast on the company’s website, with an archived version accessible for three months thereafter.

Barnes & Noble Education, Inc. (NYSE: BNED) announced the appointment of Hunter Blankenbaker as Vice President of Investor Relations. With over 25 years of experience, Blankenbaker's role includes enhancing communications with investors and analysts about BNED's strategy and performance. He previously held leadership positions at Justworks and Verizon, notably leading investor relations during Verizon's transformational phase. His appointment is expected to strengthen BNED's ties with the investment community and bolster shareholder value.

Barnes & Noble Education (NYSE: BNED) has partnered with the University of Memphis to manage all course materials, retail merchandise, and online bookstore services. Starting October 10, 2022, this collaboration will implement the Tigers SmartStart program for nearly 22,000 students in Spring 2023, enabling access to required textbooks, lab manuals, and digital materials prior to the first day of class at an average savings of 35-50%. This initiative aims to enhance student engagement and academic success while ensuring affordability and convenience.

Barnes & Noble Education (NYSE: BNED) announced the launch of First Day Complete at the University of Connecticut (UConn), providing over 24,000 undergraduate students with all required textbooks and materials before classes begin. Starting from October 2022 for the Spring 2023 term, the program aims to enhance student success by offering significant savings of 35-50%. The comprehensive service includes textbooks, lab manuals, and digital content conveniently bundled, allowing academic freedom for faculty and ensuring students are prepared from day one.

Barnes & Noble Education (NYSE: BNED) reported a GAAP net loss of $52.7 million for Q1 2023, compared to $43.6 million a year ago. Consolidated GAAP sales rose 9.6% year-over-year to $263.9 million, with a gross profit increase of 5.8% to $63.5 million. Retail segment sales saw a notable 15.0% increase, while general merchandise sales surged 34.0%. Adoption of the First Day® Complete program expanded to 111 campuses, covering over 545,000 students, marking an 85% growth from the prior year.

Barnes & Noble Education (NYSE: BNED) has expanded its First Day Complete program to provide nearly 14,000 undergraduate students at Eastern Kentucky University with 24/7 access to bartleby digital study tools. This initiative ensures all required course materials are available before classes begin, fostering better academic preparedness and offering student savings of 35-50%. The partnership aims to enhance student learning experiences and increase accessibility to education, supporting institutional goals of affordability and equity.

Barnes & Noble Education, Inc. (NYSE: BNED) is set to announce its Fiscal 2023 Q1 earnings on August 31, 2022, prior to market opening. An investor conference call will take place at 8:30 a.m. Eastern Time on the same day to discuss financial results and operations. The call will be live-streamed on BNED's corporate website, with an archived version available for three months. BNED focuses on providing education solutions nationwide, enhancing affordability, access, and student achievement.