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 (NYSE: BNED) reported its third quarter fiscal 2023 results, showing a consolidated revenue increase of 11.0% to $447.1 million. The company's First Day® Complete offering saw significant growth, with revenues up 76% to $67 million. GAAP net loss improved to $(25.0) million from $(36.8 million in the previous year. Gross profit rose by 19.8% to $104.2 million, enhancing the gross margin to 23.3%. Selling and administrative expenses decreased by $2.0 million, with a focus on cost reductions. For the fiscal year 2023, the company expects non-GAAP adjusted EBITDA to be between $20 million and $30 million.
Barnes & Noble Education, Inc. (NYSE: BNED) has announced a rescheduling of its third quarter Fiscal Year 2023 earnings report, originally set for March 7, 2023. The new report date is March 9, 2023, after market close, allowing time for the closure of amended asset-backed revolving and term loan credit facilities by March 9, 2023. An investor conference call will also occur on the same day at 4:30 p.m. Eastern Time, available via webcast on the company’s website. This change reflects the company's commitment to ensuring financial readiness and transparency.
Barnes & Noble Education (NYSE: BNED) has announced the launch of its First Day Complete program at Georgia College & State University, set for August 2023. This initiative will provide 5,500 undergraduate students with access to all required textbooks, lab manuals, and digital materials before classes begin, potentially saving each student between 35-50%. The program allows faculty to choose course materials from over 6,000 publishers, emphasizing academic freedom while ensuring students are prepared from day one. The cost of materials will be included in tuition, streamlining the process for students.
Barnes & Noble Education, Inc. (NYSE: BNED) announced it will report its Fiscal 2023 third quarter earnings results on
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.
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