{"success":true,"data":{"pressRelease":{"id":"72438","rtpr_id":"nGNX4ShfJ8","ticker":"BNED","exchange":"NYSE","all_tickers":["BNED"],"title":"Barnes & Noble Education Announces Preliminary Full-Year Fiscal 2026 Unaudited Financial Results","author":"Globe Newswire","published_at":"2026-06-24T20:05:00.398Z","article_body":"Fiscal 2026 Net Income Expected Between $15 Million and $18 Million\nAdjusted EBITDA Expected between $75 Million and $77 Million, an increase of\n26% to 30%\nFirst Day Program Revenues Estimated to Increase 27% to 28%\nBoard of Directors Declares Quarterly Dividend of $0.08 per Common Share\n\nFLORHAM PARK, N.J., June 24, 2026 (GLOBE NEWSWIRE) -- Barnes & Noble\nEducation, Inc. (NYSE: BNED)\n(https://www.globenewswire.com/Tracker?data=6zvPKfWybhXT6aSHYNon1CaoKW_Zm3F3uTtgM9KnZfcfeEA_eqseZd77CKGavBkmKqTvR2kn1Ii6fQ4qMbflTpjrOMyr7J0pZO_WOenV6Hztt4hpQD2hS3AN5bUhOwB8),\n(“Barnes & Noble Education,” “BNED,” “the Company,” “we,”\n“us,” “our”), a leading solutions provider for the education industry,\nis providing preliminary, unaudited financial results for the fiscal year\nended May 2, 2026. BNED’s fiscal year is comprised of 52 or 53 weeks, ending\non the Saturday closest to the last day of April. Fiscal 2026 includes 52\nweeks vs. 53 weeks for fiscal 2025.\n\n“Our preliminary fiscal 2026 results reflect strong execution across the\nbusiness and the continued success of our BNC First Day® offerings,” said\nJonathan Shar, Chief Executive Officer. “We expect to deliver significant\nyear-over-year growth in Adjusted EBITDA and post solid net income\nprofitability. Our balance sheet is also expected to show continued\nimprovement through further meaningful debt reduction. These results are\ndriven by continued growth in First Day, improved comparable store\nperformance, disciplined expense management, and strong sales contributions\nfrom new store partnerships secured through recent business wins.”\n\nFY2026 Preliminary Financial Results (unaudited)\n\nFull-year preliminary revenue in fiscal 2026 is expected to be in the range of\n$1.710 to $1.720 billion, an increase of $100.0 to $110.0 million, or 6.2% to\n6.8%, over the prior year.\n\nRevenues from BNC First Day® programs are expected to increase by $160.3 to\n$166.3 million, or 27.0% to 28.0%, year-over-year, as First Day(®) Complete\ncontinues to see strong growth in institutional adoption.\n\nFull-year fiscal 2026 net income is expected to be in the range of $15.0 to\n$18.0 million, compared to a net loss of $(65.8) million in the prior year.\nThe improvement reflects strong operating performance and growth in BNC First\nDay® programs, as well as the absence of the $55.2 million loss on the\nextinguishment of debt recorded in fiscal 2025.\n\nAdjusted EBITDA for fiscal 2026 is expected to be in the range of $75.0 to\n$77.0 million, compared to $59.4 million for fiscal 2025, representing an\nincrease of approximately 26% to 30%.\n\nTotal debt at year-end is expected to be $71.0 million compared to $103.1\nmillion on May 3, 2025. After subtracting $8.4 million of cash on hand, total\nnet debt is expected to be $62.6 million, representing a $31.4 million, or\napproximately 33% year-over-year decrease.\n\nThe tables below reflect the reconciliation of Adjusted EBITDA to the most\ncomparable GAAP financial metric, Net income (loss):\n\n                                              52 weeks ended        53 weeks ended         \n ($ in thousands)                             May 2, 2026           May 3, 2025            \n                                              (unaudited)           (unaudited)            \n Net income (loss)                            $15,000 - $18,000     $      (65,825  )      \n Add:                                                                                      \n Depreciation and amortization expense        32,000 - 33,500              37,939          \n Impairment expense                           11,000 - 13,000              1,713           \n Interest expense, net                        15,500 - 16,000              22,260          \n Income tax expense                           3,500 - 4,500                4,256           \n Loss on extinguishment of debt               —                            55,233          \n Other income                                 (7,500) - (14,500)           (1,572   )      \n Stock-based compensation expense (non-cash)  5,500 - 6,500                5,386           \n Adjusted EBITDA                              $75,000 - $77,000     $      59,390          \n                                                                                           \n Cash interest                                $12,500 - $13,000                            \n\n__________\n\nOutlook\n\nLooking ahead to fiscal 2027, Barnes & Noble Education expects continued\ngrowth in revenues and is focused on driving operating leverage with\ndisciplined expense management. The Company is targeting Adjusted EBITDA in\nthe range of $85 to $92 million and further significant improvements in net\nincome profitability. The Company also sees opportunities to drive better\ncapital efficiency, which should contribute to additional reductions in debt\nand interest expense. The Company anticipates approximately $20 million in\ncapital expenditures and should be a normal cash taxpayer.\n\nInvestor Day\n\nThe Company will host its Investor Day on June 25, 2026. The live webcast will\nbegin at 10:00 a.m. Eastern Time and is expected to conclude at approximately\n12:00 p.m. Eastern Time. Investors may register to participate in the webcast\nhere: https://bnedinvestor.netlify.app/\n\nDividend Program\n\nToday the Company commenced its previously announced quarterly dividend\nprogram, with the Board declaring a first quarter cash dividend of $0.08 per\ncommon share payable to shareholders of record as of July 16, 2026. The\ndividend will be payable July 30, 2026.\n\nUse of Non-GAAP Financial Information—Adjusted EBITDA\n\nTo supplement the Company’s condensed consolidated financial statements\npresented in accordance with generally accepted accounting principles\n(“GAAP”), the Company uses the financial measure of Adjusted EBITDA, which\nis a non-GAAP financial measure under Securities and Exchange Commission (the\n“SEC”) regulations. We define Adjusted EBITDA as net income (loss) plus\n(1) depreciation and amortization; (2) interest expense, net (3) income taxes,\nand (4) as adjusted for additional items that are subtracted from or added to\nnet income (loss).\n\nAdjusted EBITDA has been reconciled to the most comparable financial measures\npresented in accordance with GAAP, consolidated net income (loss). All of the\nitems included in the reconciliation are either (i) non-cash items or (ii)\nitems that management does not consider in assessing our on-going operating\nperformance.\n\nAdjusted EBITDA is not intended as a substitute for and should not be\nconsidered superior to measures of financial performance prepared in\naccordance with GAAP. In addition, the Company’s use of Adjusted EBITDA may\nbe different from similarly named measures used by other companies, limiting\nits usefulness for comparison purposes.\n\nWe review Adjusted EBITDA as an internal measure to evaluate our performance\nat a consolidated level to manage our operations. We believe that this measure\nis a useful performance measure which is used by us to facilitate a comparison\nof our on-going operating performance on a consistent basis from\nperiod-to-period. We believe that Adjusted EBITDA provides for a more complete\nunderstanding of factors and trends affecting our business than measures under\nGAAP can provide alone, as it excludes certain items that management believes\ndo not reflect the ordinary performance of our operations in a particular\nperiod. Our Board of Directors and management also use Adjusted EBITDA at a\nconsolidated level as one of the primary methods for planning and forecasting\nexpected performance, for evaluating on a quarterly and annual basis actual\nresults against such expectations, and as a measure for performance incentive\nplans. We believe that the inclusion of Adjusted EBITDA results provides\ninvestors useful and important information regarding our operating results, in\na manner that is consistent with management’s evaluation of business\nperformance.\n\nThe Company urges investors to carefully review the GAAP financial information\nincluded as part of the Company’s Form 10-K for the fiscal year-ended May 2,\n2026, when filed with the SEC. We do not provide a reconciliation of\nforward-looking non-GAAP financial metrics, because reconciling information is\nnot available without an unreasonable effort, such as attempting to make\nassumptions that cannot reasonably be made on a forward-looking basis to\ndetermine the corresponding GAAP metric.\n\nABOUT BARNES & NOBLE EDUCATION, INC.\n\nBarnes & Noble Education, Inc. (NYSE: BNED) is a leading solutions provider\nfor the education industry, driving affordability, access and achievement at\nhundreds of academic institutions nationwide and ensuring millions of students\nare equipped for success in the classroom and beyond. Through its family of\nbrands, BNED offers campus retail services and academic solutions, wholesale\ncapabilities and more. BNED is a company serving all who work to elevate their\nlives through education, supporting students, faculty and institutions as they\nmake tomorrow a better and smarter world. For more information, visit\nwww.bned.com.\n\nMedia & Investor Contact:\nRob Fink\nFNK IR\nBNED@fnkir.com\n646-809-4048\n\nForward-Looking Statements\n\nThis press release contains certain “forward-looking statements” within\nthe meaning of the Private Securities Litigation Reform Act of 1995 and\ninformation relating to us and our business that are based on the beliefs of\nour management as well as assumptions made by and information currently\navailable to our management. When used in this communication, the words\n“anticipate,” “believe,” “estimate,” “expect,” “intend,”\n“plan,” “may,” “should,” “will,” “forecasts,”\n“projections,” “continue to,” “committed to,” and similar\nexpressions, as they relate to us or our management, identify forward-looking\nstatements. Actual results could differ materially from those projected in the\nforward-looking statements, and such statements include but are not limited to\nthose related to the expected financial results that we expect to report upon\ncompletion of our audit procedures, the implementation of our dividend\nprogram, our capital structure, positioning, strategic and operational\nobjectives, broader market trends, anticipated growth in our BNC First Day®\nprogram, expected trends in financial results, including those related to\nseasonality, as well as forward-looking continued top line growth, anticipated\ngross profit dollar increases, continued expense discipline, Adjusted EBITDA,\ninterest costs, capital expenditures and long-term projected growth in\nAdjusted EBITDA. We caution you not to place undue reliance on these\nforward-looking statements. Such statements reflect our current views with\nrespect to future events, the outcome of which is subject to certain risks,\nincluding, but not limited to: the impact of the completion of our financial\nclose process and related audits by our independent registered public\naccounting firm; the amount of our indebtedness and ability to comply with\ncovenants contained in our credit agreement; our ability to maintain adequate\nliquidity levels to support ongoing inventory purchases and related vendor\npayments in a timely manner; slower than anticipated pace of adoption of our\nBNC First Day® equitable and inclusive access course material models; our\ndependency on strategic service provider relationships and the potential for\nadverse operational and financial changes to these strategic service provider\nrelationships; non-renewal of our managed bookstore, physical and/or online\nstore contracts; general competitive conditions; a decline in college\nenrollment or decreased funding available for students; technological changes,\nincluding the adoption of artificial intelligence technologies for educational\ncontent; disruptions to our information technology systems, infrastructure,\ndata, supplier systems, and customer ordering and payment systems due to\ncomputer malware, viruses, hacking and phishing attacks; disruption of or\ninterference with third party service providers and our own proprietary\ntechnology; and changes in applicable domestic and international laws, rules\nor regulations or changes in enforcement practices, including, without\nlimitation, U.S. tax reform, changes in tax rates, tariffs, import and export\ncontrol laws and regulations, changes to consumer data privacy rights\nlegislation, as well as related guidance. Moreover, we operate in a very\ncompetitive and rapidly changing environment and new risks may emerge from\ntime to time. It is not possible for our management to predict all risks, nor\ncan we assess the impact of all factors on our business or the extent to which\nany factor, or combination of factors, may cause actual results to differ\nmaterially from those contained in any forward-looking statements we may make.\nIn addition, the declaration of any future dividends will be subject to\nfurther review and approval by the Board in accordance with applicable law.\nThe Board reserves the right to adjust or withdraw any quarterly dividend in\nfuture periods as it reviews our capital allocation strategy from time-to-time\nand ensures compliance with any applicable restrictions, including those set\nforth in our credit agreement with our lenders.\n\nFor a more detailed discussion of these factors, and other factors that could\ncause actual results to vary materially, interested parties should review the\nrisk factors listed in the Company’s Annual Report on Form 10-K for the year\nended May 3, 2025, as filed with the SEC on December 23, 2025 and the\nCompany’s Annual Report on Form 10-K for the year ended May 2, 2026, when\nfiled. Any forward-looking statements made by us in this press release speak\nonly as of the date of this press release, and we do not intend to update\nthese forward-looking statements after the date of this press release, except\nas required by law.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a7be54e2-ffec-4cf7-bb60-c915296072e2)\n\n\n\nGlobeNewswire, Inc. 2026","article_body_html":"","raw_payload":{"data":{"id":"nGNX4ShfJ8","title":"Barnes & Noble Education Announces Preliminary Full-Year Fiscal 2026 Unaudited Financial Results","author":"Globe Newswire","ticker":"BNED","created":"2026-06-24T20:05:00.398Z","tickers":["BNED"],"exchange":"NYSE","article_body":"Fiscal 2026 Net Income Expected Between $15 Million and $18 Million\nAdjusted EBITDA Expected between $75 Million and $77 Million, an increase of\n26% to 30%\nFirst Day Program Revenues Estimated to Increase 27% to 28%\nBoard of Directors Declares Quarterly Dividend of $0.08 per Common Share\n\nFLORHAM PARK, N.J., June 24, 2026 (GLOBE NEWSWIRE) -- Barnes & Noble\nEducation, Inc. (NYSE: BNED)\n(https://www.globenewswire.com/Tracker?data=6zvPKfWybhXT6aSHYNon1CaoKW_Zm3F3uTtgM9KnZfcfeEA_eqseZd77CKGavBkmKqTvR2kn1Ii6fQ4qMbflTpjrOMyr7J0pZO_WOenV6Hztt4hpQD2hS3AN5bUhOwB8),\n(“Barnes & Noble Education,” “BNED,” “the Company,” “we,”\n“us,” “our”), a leading solutions provider for the education industry,\nis providing preliminary, unaudited financial results for the fiscal year\nended May 2, 2026. BNED’s fiscal year is comprised of 52 or 53 weeks, ending\non the Saturday closest to the last day of April. Fiscal 2026 includes 52\nweeks vs. 53 weeks for fiscal 2025.\n\n“Our preliminary fiscal 2026 results reflect strong execution across the\nbusiness and the continued success of our BNC First Day® offerings,” said\nJonathan Shar, Chief Executive Officer. “We expect to deliver significant\nyear-over-year growth in Adjusted EBITDA and post solid net income\nprofitability. Our balance sheet is also expected to show continued\nimprovement through further meaningful debt reduction. These results are\ndriven by continued growth in First Day, improved comparable store\nperformance, disciplined expense management, and strong sales contributions\nfrom new store partnerships secured through recent business wins.”\n\nFY2026 Preliminary Financial Results (unaudited)\n\nFull-year preliminary revenue in fiscal 2026 is expected to be in the range of\n$1.710 to $1.720 billion, an increase of $100.0 to $110.0 million, or 6.2% to\n6.8%, over the prior year.\n\nRevenues from BNC First Day® programs are expected to increase by $160.3 to\n$166.3 million, or 27.0% to 28.0%, year-over-year, as First Day(®) Complete\ncontinues to see strong growth in institutional adoption.\n\nFull-year fiscal 2026 net income is expected to be in the range of $15.0 to\n$18.0 million, compared to a net loss of $(65.8) million in the prior year.\nThe improvement reflects strong operating performance and growth in BNC First\nDay® programs, as well as the absence of the $55.2 million loss on the\nextinguishment of debt recorded in fiscal 2025.\n\nAdjusted EBITDA for fiscal 2026 is expected to be in the range of $75.0 to\n$77.0 million, compared to $59.4 million for fiscal 2025, representing an\nincrease of approximately 26% to 30%.\n\nTotal debt at year-end is expected to be $71.0 million compared to $103.1\nmillion on May 3, 2025. After subtracting $8.4 million of cash on hand, total\nnet debt is expected to be $62.6 million, representing a $31.4 million, or\napproximately 33% year-over-year decrease.\n\nThe tables below reflect the reconciliation of Adjusted EBITDA to the most\ncomparable GAAP financial metric, Net income (loss):\n\n                                              52 weeks ended        53 weeks ended         \n ($ in thousands)                             May 2, 2026           May 3, 2025            \n                                              (unaudited)           (unaudited)            \n Net income (loss)                            $15,000 - $18,000     $      (65,825  )      \n Add:                                                                                      \n Depreciation and amortization expense        32,000 - 33,500              37,939          \n Impairment expense                           11,000 - 13,000              1,713           \n Interest expense, net                        15,500 - 16,000              22,260          \n Income tax expense                           3,500 - 4,500                4,256           \n Loss on extinguishment of debt               —                            55,233          \n Other income                                 (7,500) - (14,500)           (1,572   )      \n Stock-based compensation expense (non-cash)  5,500 - 6,500                5,386           \n Adjusted EBITDA                              $75,000 - $77,000     $      59,390          \n                                                                                           \n Cash interest                                $12,500 - $13,000                            \n\n__________\n\nOutlook\n\nLooking ahead to fiscal 2027, Barnes & Noble Education expects continued\ngrowth in revenues and is focused on driving operating leverage with\ndisciplined expense management. The Company is targeting Adjusted EBITDA in\nthe range of $85 to $92 million and further significant improvements in net\nincome profitability. The Company also sees opportunities to drive better\ncapital efficiency, which should contribute to additional reductions in debt\nand interest expense. The Company anticipates approximately $20 million in\ncapital expenditures and should be a normal cash taxpayer.\n\nInvestor Day\n\nThe Company will host its Investor Day on June 25, 2026. The live webcast will\nbegin at 10:00 a.m. Eastern Time and is expected to conclude at approximately\n12:00 p.m. Eastern Time. Investors may register to participate in the webcast\nhere: https://bnedinvestor.netlify.app/\n\nDividend Program\n\nToday the Company commenced its previously announced quarterly dividend\nprogram, with the Board declaring a first quarter cash dividend of $0.08 per\ncommon share payable to shareholders of record as of July 16, 2026. The\ndividend will be payable July 30, 2026.\n\nUse of Non-GAAP Financial Information—Adjusted EBITDA\n\nTo supplement the Company’s condensed consolidated financial statements\npresented in accordance with generally accepted accounting principles\n(“GAAP”), the Company uses the financial measure of Adjusted EBITDA, which\nis a non-GAAP financial measure under Securities and Exchange Commission (the\n“SEC”) regulations. We define Adjusted EBITDA as net income (loss) plus\n(1) depreciation and amortization; (2) interest expense, net (3) income taxes,\nand (4) as adjusted for additional items that are subtracted from or added to\nnet income (loss).\n\nAdjusted EBITDA has been reconciled to the most comparable financial measures\npresented in accordance with GAAP, consolidated net income (loss). All of the\nitems included in the reconciliation are either (i) non-cash items or (ii)\nitems that management does not consider in assessing our on-going operating\nperformance.\n\nAdjusted EBITDA is not intended as a substitute for and should not be\nconsidered superior to measures of financial performance prepared in\naccordance with GAAP. In addition, the Company’s use of Adjusted EBITDA may\nbe different from similarly named measures used by other companies, limiting\nits usefulness for comparison purposes.\n\nWe review Adjusted EBITDA as an internal measure to evaluate our performance\nat a consolidated level to manage our operations. We believe that this measure\nis a useful performance measure which is used by us to facilitate a comparison\nof our on-going operating performance on a consistent basis from\nperiod-to-period. We believe that Adjusted EBITDA provides for a more complete\nunderstanding of factors and trends affecting our business than measures under\nGAAP can provide alone, as it excludes certain items that management believes\ndo not reflect the ordinary performance of our operations in a particular\nperiod. Our Board of Directors and management also use Adjusted EBITDA at a\nconsolidated level as one of the primary methods for planning and forecasting\nexpected performance, for evaluating on a quarterly and annual basis actual\nresults against such expectations, and as a measure for performance incentive\nplans. We believe that the inclusion of Adjusted EBITDA results provides\ninvestors useful and important information regarding our operating results, in\na manner that is consistent with management’s evaluation of business\nperformance.\n\nThe Company urges investors to carefully review the GAAP financial information\nincluded as part of the Company’s Form 10-K for the fiscal year-ended May 2,\n2026, when filed with the SEC. We do not provide a reconciliation of\nforward-looking non-GAAP financial metrics, because reconciling information is\nnot available without an unreasonable effort, such as attempting to make\nassumptions that cannot reasonably be made on a forward-looking basis to\ndetermine the corresponding GAAP metric.\n\nABOUT BARNES & NOBLE EDUCATION, INC.\n\nBarnes & Noble Education, Inc. (NYSE: BNED) is a leading solutions provider\nfor the education industry, driving affordability, access and achievement at\nhundreds of academic institutions nationwide and ensuring millions of students\nare equipped for success in the classroom and beyond. Through its family of\nbrands, BNED offers campus retail services and academic solutions, wholesale\ncapabilities and more. BNED is a company serving all who work to elevate their\nlives through education, supporting students, faculty and institutions as they\nmake tomorrow a better and smarter world. For more information, visit\nwww.bned.com.\n\nMedia & Investor Contact:\nRob Fink\nFNK IR\nBNED@fnkir.com\n646-809-4048\n\nForward-Looking Statements\n\nThis press release contains certain “forward-looking statements” within\nthe meaning of the Private Securities Litigation Reform Act of 1995 and\ninformation relating to us and our business that are based on the beliefs of\nour management as well as assumptions made by and information currently\navailable to our management. When used in this communication, the words\n“anticipate,” “believe,” “estimate,” “expect,” “intend,”\n“plan,” “may,” “should,” “will,” “forecasts,”\n“projections,” “continue to,” “committed to,” and similar\nexpressions, as they relate to us or our management, identify forward-looking\nstatements. Actual results could differ materially from those projected in the\nforward-looking statements, and such statements include but are not limited to\nthose related to the expected financial results that we expect to report upon\ncompletion of our audit procedures, the implementation of our dividend\nprogram, our capital structure, positioning, strategic and operational\nobjectives, broader market trends, anticipated growth in our BNC First Day®\nprogram, expected trends in financial results, including those related to\nseasonality, as well as forward-looking continued top line growth, anticipated\ngross profit dollar increases, continued expense discipline, Adjusted EBITDA,\ninterest costs, capital expenditures and long-term projected growth in\nAdjusted EBITDA. We caution you not to place undue reliance on these\nforward-looking statements. Such statements reflect our current views with\nrespect to future events, the outcome of which is subject to certain risks,\nincluding, but not limited to: the impact of the completion of our financial\nclose process and related audits by our independent registered public\naccounting firm; the amount of our indebtedness and ability to comply with\ncovenants contained in our credit agreement; our ability to maintain adequate\nliquidity levels to support ongoing inventory purchases and related vendor\npayments in a timely manner; slower than anticipated pace of adoption of our\nBNC First Day® equitable and inclusive access course material models; our\ndependency on strategic service provider relationships and the potential for\nadverse operational and financial changes to these strategic service provider\nrelationships; non-renewal of our managed bookstore, physical and/or online\nstore contracts; general competitive conditions; a decline in college\nenrollment or decreased funding available for students; technological changes,\nincluding the adoption of artificial intelligence technologies for educational\ncontent; disruptions to our information technology systems, infrastructure,\ndata, supplier systems, and customer ordering and payment systems due to\ncomputer malware, viruses, hacking and phishing attacks; disruption of or\ninterference with third party service providers and our own proprietary\ntechnology; and changes in applicable domestic and international laws, rules\nor regulations or changes in enforcement practices, including, without\nlimitation, U.S. tax reform, changes in tax rates, tariffs, import and export\ncontrol laws and regulations, changes to consumer data privacy rights\nlegislation, as well as related guidance. Moreover, we operate in a very\ncompetitive and rapidly changing environment and new risks may emerge from\ntime to time. It is not possible for our management to predict all risks, nor\ncan we assess the impact of all factors on our business or the extent to which\nany factor, or combination of factors, may cause actual results to differ\nmaterially from those contained in any forward-looking statements we may make.\nIn addition, the declaration of any future dividends will be subject to\nfurther review and approval by the Board in accordance with applicable law.\nThe Board reserves the right to adjust or withdraw any quarterly dividend in\nfuture periods as it reviews our capital allocation strategy from time-to-time\nand ensures compliance with any applicable restrictions, including those set\nforth in our credit agreement with our lenders.\n\nFor a more detailed discussion of these factors, and other factors that could\ncause actual results to vary materially, interested parties should review the\nrisk factors listed in the Company’s Annual Report on Form 10-K for the year\nended May 3, 2025, as filed with the SEC on December 23, 2025 and the\nCompany’s Annual Report on Form 10-K for the year ended May 2, 2026, when\nfiled. Any forward-looking statements made by us in this press release speak\nonly as of the date of this press release, and we do not intend to update\nthese forward-looking statements after the date of this press release, except\nas required by law.\n\n(https://www.globenewswire.com/NewsRoom/AttachmentNg/a7be54e2-ffec-4cf7-bb60-c915296072e2)\n\n\n\nGlobeNewswire, Inc. 2026"},"type":"article","timestamp":"2026-06-24T20:05:00.612581235Z","server_sent_at_ms":1782331500612},"received_at":"2026-06-24T20:05:00.682Z","source_url":"https://www.globenewswire.com/news-release/2026/06/24/3317156/0/en/Barnes-Noble-Education-Announces-Preliminary-Full-Year-Fiscal-2026-Unaudited-Financial-Results.html"},"analysis":{"id":"61811","press_release_id":"72438","analysis_json":{"industry":{"label":"Specialty Retail","sector":"Consumer Discretionary"},"redFlags":[],"eventType":"earnings","narrative":"Barnes & Noble Education reported preliminary FY2026 results with net income of $15-18 million, reversing a prior year loss of $65.8 million.\n\nAdjusted EBITDA rose 26-30% to $75-77 million, while total net debt decreased by approximately 33% to $62.6 million year-over-year.\n\nThe company initiated a quarterly dividend of $0.08 per share and provided FY27 guidance targeting Adjusted EBITDA of $85-92 million.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Turnaround complete: BNED swings to profit, slashes debt, and initiates dividend."},"keyFigures":{"revenue":"$1.710 to $1.720 billion","guidance":"FY27 Adjusted EBITDA $85 million to $92 million","revenueYoy":"6.2% to 6.8%","customDimensions":{"ebitda":"$75.0 million to $77.0 million","net_debt":"$62.6 million","net_income":"$15.0 million to $18.0 million","ebitda_growth":"26% to 30%","first_day_revenue_growth":"27% to 28%"}},"quotedText":"Our preliminary fiscal 2026 results reflect strong execution across the business and the continued success of our BNC First Day® offerings","namedEntities":{"people":[{"name":"Jonathan Shar","role":"Chief Executive Officer"}],"products":["BNC First Day"],"companies":[{"name":"Barnes & Noble Education, Inc.","ticker":"BNED"}],"dollarAmounts":[{"amount":"$15 million and $18 million","context":"Fiscal 2026 Net Income"},{"amount":"$75 Million and $77 Million","context":"Adjusted EBITDA"},{"amount":"$1.710 to $1.720 billion","context":"Full-year preliminary revenue"},{"amount":"$0.08","context":"Quarterly dividend per common share"},{"amount":"$71.0 million","context":"Total debt at year-end"},{"amount":"$62.6 million","context":"Total net debt"},{"amount":"$85 to $92 million","context":"FY27 Adjusted EBITDA target"}]},"materialImpact":{"score":4,"reasoning":"The company swung from a significant net loss to profitability, delivered strong Adjusted EBITDA growth of nearly 30%, reduced net debt by 33%, and announced the initiation of a quarterly dividend."},"tickerRelevance":{"others":[],"primary":"BNED"},"globalImportance":20,"audienceRelevance":25,"eventTypeSecondary":["guidance_update","dividend"],"importanceComponents":{"tickerTier":"small-cap","eventGravity":"turnaround-to-profitability","sectorWeight":"retail","dividendInitiation":true}},"event_type":"earnings","event_type_secondary":["guidance_update","dividend"],"sentiment":"bullish","material_impact_score":4,"narrative":"Barnes & Noble Education reported preliminary FY2026 results with net income of $15-18 million, reversing a prior year loss of $65.8 million.\n\nAdjusted EBITDA rose 26-30% to $75-77 million, while total net debt decreased by approximately 33% to $62.6 million year-over-year.\n\nThe company initiated a quarterly dividend of $0.08 per share and provided FY27 guidance targeting Adjusted EBITDA of $85-92 million.","key_figures":{"revenue":"$1.710 to $1.720 billion","guidance":"FY27 Adjusted EBITDA $85 million to $92 million","revenueYoy":"6.2% to 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