BASKING RIDGE, N.J.--(BUSINESS WIRE)--Barnes & Noble Education, Inc. (NYSE: BNED), a leading solutions provider for the education industry, today reported sales and earnings for the third quarter ended on January 27, 2024. Financial Results for the Third Quarter Fiscal Year 2024: Consolidated third quarter GAAP sales of $456.7 million increased by $18.6 million, compared to $438.1 million in the prior year period. The third quarter sales increase is due to higher course material sales, primarily throug ...

Exhibit 99.1 Barnes & Noble Education Reports Third Quarter Fiscal Year 2024 Financial Results Retail Segment Gross Comparable Store Sales Increased 8.8% ® First Day Complete Revenue Increased to $110 Million from $67 Million Consolidated GAAP Net Loss from Continuing Operations Improved to $(9.9) Million from $(22.1) Million Consolidated Adjusted EBITDA (Non-GAAP) from Continuing Operations Increased to $20.3 Million from $5.2 Million Executes Bank Amendment and Continues Discussions to Strengthen Liquidit ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________ FORM 10-Q _______________________________________________ (Mark One) ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 46-0599018 (State or Other Jurisdiction of Incorporation or Organization)(I.R.S. Employer Identification No.) 120 Mountain View Blvd., Basking Ridge, NJ 07920 (Address of Principal Executive Offices) (Zip ...

BASKING RIDGE, N.J.--(BUSINESS WIRE)--Barnes & Noble Education, Inc. (NYSE: BNED) (“BNED” or the “Company”), a leading solutions provider for the education industry, today announced that the Company is rescheduling its third quarter fiscal year 2024 earnings press release and investor conference call previously scheduled for Thursday, March 7, 2024 at 4:30 p.m. Eastern Time. BNED intends to issue a press release announcing the new date and time of its third quarter fiscal year 2024 earnings release and con ...

BASKING RIDGE, N.J.--(BUSINESS WIRE)--Barnes & Noble Education, Inc. (NYSE: BNED), a leading solutions provider for the education industry, today announced that the Company expects to report fiscal year 2024 third quarter earnings results on Thursday, March 7, 2024, after market close. The Company will host an investor conference call at 4:30 p.m. Eastern Time on Thursday, March 7, 2024, to review the Company’s financial results and operations. This call is being webcast and can be accessed at Barnes & Nob ...

财务数据和关键指标变化 - 第二季度总收入为6.104亿美元,同比增长0.3% [5][7] - 第二季度调整后EBITDA为5,030万美元,同比增长28.3% [6][11] - 第二季度EBITDA利润率为8.2%,同比提升180个基点 [11] - 零售业务第二季度收入为5.993亿美元,同比增长0.1% [11] - 零售业务第二季度毛利为1.255亿美元,同比下降3.1% [11] - 零售业务第二季度毛利率为20.9%,同比下降70个基点 [11] - 批发业务第二季度收入为2,100万美元,基本持平 [12] - 批发业务第二季度毛利为610万美元,毛利率为29%,同比提升320个基点 [12] 各条业务线数据和关键指标变化 - 课程材料销售同比增长5.8% [8][11] - 一般商品销售同比下降1.7%,主要受到图书和咖啡便利品销售下降的影响 [9][11] - 标识性商品销售同比增长0.5% [9] - 第一天完整计划(FDC)收入同比增长52%,达到1.36亿美元 [8] - 第一天计划(FD)总收入同比增长39%,达到1.992亿美元 [7][8] 各个市场数据和关键指标变化 - 无具体披露 [1-27] 公司战略和发展方向及行业竞争 - 公司正在加速向第一天完整计划(FDC)模式转型,FDC已覆盖近80万学生 [8] - 公司认为FDC模式正在快速成为主流的课程材料分销模式,有信心加速FDC的规模化 [8] - 公司正在进一步提升运营效率,实现成本节约,以提高盈利能力和现金流 [6][11][12] - 公司董事会正在审查各种战略选择,包括潜在的资本募集、资产剥离、业务出售等 [7] 管理层对经营环境和未来前景的评论 - 管理层对公司战略执行和未来发展前景表示信心 [13] - 管理层认为FDC模式正在快速被市场接受,有助于提升公司的收入可预测性和盈利能力 [24][26] - 管理层表示将继续推进成本优化措施,进一步提高运营效率 [6][11][12] 问答环节重要的提问和回答 问题1 **Matt Shea 提问** 询问公司是否有更多校园在春季2024学期加入FDC计划,以及2024年秋季的签约情况 [15][16] **Jonathan Shar 回答** 公司对春季和2024年秋季FDC计划的签约情况表示乐观,正在与大量院校进行洽谈,预计FDC计划的规模化推广将会加速 [17][19] 问题2 **Alex Fuhrman 提问** 询问FDC计划收入增长是否已经足以抵消传统课程材料销售的下降,是否意味着公司已经走出了下滑的困境 [23][24] **Mike Huseby 回答** 公司确实已经实现了这一转折点,FDC和第一天计划的收入增长已经足以抵消传统课程材料销售的下降,这表明公司的战略正在奏效,未来收入将更加稳定和可预测 [24][25][26] 问题3 **Alex Fuhrman 提问** 询问FDC计划现金收款时间延后的影响,是否会增加公司的信贷额度需求 [25] **Mike Huseby 回答** 公司已经改善了应收账款回收的效率,FDC模式下现金收款时间的延后不会对信贷额度构成压力,反而有利于公司向B2B业务模式的转型 [26]

BARNES & NOBLE EDUCATION, INC. AND SUBSIDIARIES Notes to Condensed Consolidated Financial Statements For the 13 and 26 weeks ended October 28, 2023 and October 29, 2022 (Thousands of dollars, except share and per share data) (unaudited) | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-----------------------------------------------|-------|------------------|-------|------------------|-------|------------------|-------|------------------| | | | October 28, 2023 | | October 29, 2022 | | October 28, 2 ...

Barnes & Noble Education, Inc. (NYSE:BNED) Q1 2024 Earnings Conference Call September 6, 2023 8:30 AM ET Company Participants Hunter Blankenbaker - Vice President, Investor Relations Michael Huseby - Chief Executive Officer Jonathan Shar - Executive Vice President, BNED Retail and President, Barnes & Noble College Conference Call Participants Ryan MacDonald - Needham Alex Fuhrman - Craig-Hallum Capital Group Operator Good morning. My name is Rob and I will be your conference operator today. At this time, I ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________________________ FORM 10-Q _______________________________________________ (Mark One) For the transition period from to Commission File Number: 1-37499 _______________________________________________ BARNES & NOBLE EDUCATION, INC. (Exact Name of Registrant as Specified in Its Charter) _______________________________________________ Large accelerated filer ¨ Accelerated filer x Table of Contents Table of Co ...

分组1 - 公司在2023财年下半年采取了果断行动,减少成本结构,提高运营效率,适当调整成本以适应疫情后的新常态 [9][10] - 公司加快了向更有利可图的First Day Complete (FDC)等等价准入模式的过渡,FDC在2023财年增长88%,并为2023年秋季学期增加了创纪录数量的学校 [11][12] - 公司剥离了数字学生解决方案业务,以加深对First Day Complete和增长一般商品业务的关注 [13] - 公司与金融利益相关方和战略合作伙伴达成协议,延长了债务期限,修改了某些限制公司有效运营的条款,以加快执行公司战略 [14] 分组2 - 公司进入2024财年时,已成为一家更高效的公司,专注于最大的优势和机会,并做好了在未来几年实现盈利增长的准备 [15] - 公司的First Day Complete课程材料交付计划得到学生、教师、管理层的积极反馈,有助于提高学生的学习成绩和留学率 [27][28] - 公司在2023年秋季学期为157个校园商店提供First Day Complete服务,相当于约80万学生,较2022年秋季增加46% [29] - 公司的一般商品业务也有很大增长潜力,2023财年总体零售同店销售增长8.6% [30] 分组3 - 公司推出"Be Well, Be You"系列产品,旨在帮助校园社区减轻压力,提高学习效率 [31][32] - 公司的批发业务MBS成为100多个新账户的主要供应商,预计2024财年批发收入将首次温和增长 [33] - 公司将继续优化核心成本结构,提高收入和调整后EBITDA [34][36] - 公司正在审查战略替代方案,以确保最大化价值并为未来做好准备 [39] 问答环节重要的提问和回答 问题1 **Alex Fuhrman 提问** 公司未来几年向First Day Complete模式的过渡计划如何,是否会有大量学校流失 [44][45] **Jonathan Shar 回答** 公司将继续推动First Day Complete模式的快速增长,预计未来1-2年内将成为主导模式,但也会继续支持部分学校的a la carte模式,根据各校的盈利情况决定 [46][49][50][51] 问题2 **Ryan MacDonald 提问** 公司最新的信贷协议条款如何,对未来12个月的灵活性有何影响 [61][62] **Jason Snagusky 回答** 新的信贷协议延长了贷款期限,提供了充足的流动性支持,没有增加过多新的限制条款,为公司的转型和增长提供了良好的平台 [63][64] 问题3 **Ryan MacDonald 提问** 公司与Fanatics和Lids的合作情况如何,特别是佣金结构的变化 [66][67] **Mike Miller 和 Jonathan Shar 回答** 佣金结构随着合作关系的成熟而有所调整,但总体来看,这一合作关系为公司的商品业务带来了强劲的增长,未来仍有很大潜力 [68][69][70][71]