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. (BNED) operates at the intersection of campus retail and digital learning solutions, serving over 5 million students annually. This news hub provides investors and stakeholders with timely updates on the company’s strategic initiatives in academic resource distribution and educational technology.
Discover official press releases covering quarterly earnings, campus partnership expansions, and digital platform enhancements. Our curated collection includes analyses of BNED’s equitable access programs and operational developments within collegiate retail markets.
Key updates include innovations in course material affordability, bookstore management solutions, and institutional contract renewals. Bookmark this page for streamlined access to BNED’s evolving role in shaping accessible education through integrated physical-digital ecosystems.
Barnes & Noble Education, Inc. (NYSE: BNED) announced Maureen Paradine as the new Senior Vice President and Chief Human Resources Officer effective September 27, 2021. Paradine, with 30 years in HR, will oversee all HR aspects including talent, diversity, and employee relations. Previously, she was Senior VP at 1-800-FLOWERS.COM, managing HR for 4,000 employees. Her extensive retail HR experience is expected to enhance BNED's workforce strategy. CEO Michael P. Huseby expressed confidence in Paradine's leadership to support BNED's mission in the education sector.
Barnes & Noble Education (BNED) reported a robust first quarter for fiscal 2022, with a GAAP sales increase of 18% to $240.8 million, driven by the reopening of campus stores. The retail segment saw a remarkable 49.8% increase in gross comparable store sales. Although the company recorded a net loss of $44.3 million, an improvement from last year's $46.7 million loss was noted. First Day® Complete courseware was adopted by 65 campus stores, impacting over 300,000 students. The outlook remains positive, anticipating positive EBITDA for fiscal 2022.
Barnes & Noble Education (NYSE: BNED) has announced significant growth in its First Day Complete course material delivery model, expanding from 12 to 65 campuses for the upcoming fall term, representing a 7x increase in student enrollment, from 43,000 to over 300,000 students. A survey revealed that 70% of students felt the program improved their classroom success, while 74% felt more prepared. This innovative approach aims to support academic achievement while easing access to course materials, showing strong demand among educational institutions.
Barnes & Noble Education, Inc. (NYSE: BNED) is set to report its fiscal 2022 first quarter earnings on September 2, 2021, before market open. An investor conference call will follow at 8:30 a.m. ET on the same day, with a live webcast available on the company’s corporate website. The call will cover the company's financial results and operational insights. BNED serves hundreds of academic institutions, focusing on affordability, access, and achievement.
Barnes & Noble Education (NYSE: BNED) reported a challenging fiscal year 2021 due to the COVID-19 pandemic, resulting in significant revenue declines. Fourth quarter sales were $222.8 million, down 13.3%, while annual sales fell 22.5% to $1,433.9 million. The company faced a net loss of $(131.8) million for the year, an increase from $(38.3) million in the prior year. However, digital initiatives like the BNC First Day® model saw 94% revenue growth, and bartleby® subscriptions grew by over 300,000. Looking ahead, BNED anticipates a return to positive EBITDA in fiscal 2022.
Barnes & Noble Education, Inc. (NYSE: BNED) has announced a ten-year partnership with Notre Dame to manage course materials and retail operations. This collaboration aims to enhance access, affordability, and convenience for students through a diverse range of course materials and an improved retail experience. Key features include a digital platform for convenient shopping, a merchandise assortment through partnerships with Fanatics and Lids, and a focus on expanding Notre Dame's retail presence. The partnership will commence on July 1, 2022.
Barnes & Noble Education (NYSE: BNED) will host a virtual investor conference on June 30 at 9:00 AM ET. The event aims to discuss the company's financial results and long-term strategic initiatives. Investors can access the webcast at investor.bned.com, with an archive available for three months. Notably, the company plans to report its fourth-quarter and fiscal 2021 year-end earnings on June 29, after market close.
The company supports education affordability and access, serving numerous academic institutions across the nation.
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