Revenue: As of FY2026 Q1, the actual value is USD 288.16 M.EPS: As of FY2026 Q1, the actual value is USD -0.54.EBIT: As of FY2026 Q1, the actual value is USD -19.42 M.<h3>Consolidated Financial Performance (13 weeks ended August 2, 2025 vs. July 27, 2024)</h3>Barnes &amp; Noble Education, Inc. reported total sales of $288,160 thousand for the 13 weeks ended August 2, 2025, an increase of 9.4% from $263,431 thousand in the prior year period. Product sales and other increased by 9.3% to $274,179 thousand from $250,926 thousand, while rental income increased by 11.8% to $13,981 thousand from $12,505 thousand.Gross profit increased by 23.1% to $55,377 thousand (19.2% of sales) from $44,996 thousand (17.1% of sales). Product and other gross margin increased to 17.8% from 15.8%, primarily due to lower contract costs and higher margin rates for course materials. Rental gross margin increased to 46.9% from 43.6%, mainly due to lower contract costs as a percentage of sales.Selling and administrative expenses increased by 1.3% to $67,861 thousand (23.5% of sales) from $67,023 thousand (25.4% of sales). Depreciation and amortization expense decreased by $3,900 thousand to $9,185 thousand from $13,071 thousand. Other (income) expense totaled $1,497 thousand, primarily due to investigation-related costs, compared to $3,618 thousand in the prior year which included severance and restructuring costs.The operating loss decreased to -$23,166 thousand (8.0% of sales) from -$38,716 thousand (14.7% of sales). Barnes &amp; Noble Education, Inc. recognized a loss on extinguishment of debt of -$55,233 thousand in the prior year due to the Term Loan Debt Conversion, with no comparable loss in the current period. Interest expense, net, decreased by $3,900 thousand to $3,745 thousand from $7,618 thousand, mainly due to debt financing transactions, lower borrowing, and lower interest rates.An income tax benefit of -$8,640 thousand (effective rate of 32.1%) was recorded on a pre-tax loss of -$26,911 thousand, compared to an income tax expense of $2,358 thousand (effective rate of -2.3%) on a pre-tax loss of -$101,567 thousand in the prior year. The net loss improved to -$18,271 thousand from -$103,925 thousand.<h3>Non-GAAP Metrics (13 weeks ended August 2, 2025 vs. July 27, 2024)</h3>Adjusted net loss improved to -$15,784 thousand from -$101,170 thousand. Adjusted EBITDA improved to -$11,494 thousand from -$22,890 thousand. Adjusted free cash flow improved to -$74,451 thousand from -$152,398 thousand.<h3>Cash Flow (13 weeks ended August 2, 2025 vs. July 27, 2024)</h3>Net cash flows used in operating activities were -$67,603 thousand, compared to -$143,502 thousand in the prior year, primarily due to the timing of payables to vendors, offset by an increase in textbook inventory. Net cash flows used in investing activities remained flat at -$3,736 thousand compared to -$3,737 thousand. Net cash flows provided by financing activities were $65,000 thousand compared to $139,944 thousand, reflecting higher equity financing proceeds in 2025, partially offset by equity issuance costs and higher net borrowings.Cash, cash equivalents, and restricted cash at the end of the period totaled $22,384 thousand compared to $21,275 thousand in the prior year. Restricted cash amounted to $15,044 thousand as of August 2, 2025, compared to $13,100 thousand as of July 27, 2024, primarily for Lids commission. Capital expenditures totaled $3,736 thousand, including $2,201 thousand for physical store capital expenditures and $1,400 thousand for product and system development.<h3>Operational Metrics</h3>Barnes &amp; Noble Education, Inc. ended the period with 1,143 physical and virtual bookstores, a decrease from 1,164 stores in the prior year, having opened 39 stores and closed 42 stores during the 13 weeks ended August 2, 2025.Total BNC First Day® Program Sales increased by 40.5% to $114.4 million from $81.4 million. Specifically, First Day Complete Sales increased by 52.2% to $52.8 million from $34.7 million, and First Day Sales increased by 31.9% to $61.6 million from $46.7 million.Gross comparable store sales increased by 13.0% ($34.6 million), driven by a 24.1% increase in course materials sales ($36.7 million), partially offset by a 1.8% decrease in general merchandise sales (-$2.1 million).<h3>Strategic Summary and Outlook</h3>Barnes &amp; Noble Education, Inc. is focused on accelerating its BNC First Day® programs strategy, expanding participation across partner schools, and enhancing student and customer experience through scalable solutions. The company plans to expand e-commerce capabilities via service providers like Fanatics and Lids, win new accounts, and grow revenue through strategic relationships, while also evolving product assortments to increase gross comparable store general merchandise sales over the long term. Management expects future cash from operations, access to borrowings, and short-term vendor financing to provide adequate resources for the next twelve months and beyond, despite ongoing efforts to streamline operations, reduce costs, and close under-performing stores.

Barnes & Noble Edu | 10-Q: FY2026 Q1 Revenue: USD 288.16 M