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Barnes & Noble Education Reports Fiscal 2027 First Quarter Financial Results
Quarterly Results Reflect Improved Profitability, First Day®Complete Growth and Continued Balance Sheet Progress
Net Income (Loss) Improves 29% and Adjusted EBITDA Improves 19% Year-Over-Year
Fall <a href="https://bitcomme.com/fintech-five-september-8-2026/” title=”FinTech Five – September 8, 2026″>2026 First Day® Complete Expected to Reach More Than 1.43 Million Students, 26% More than Fall 2025
Company Reiterates Fiscal 2027 Outlook
FLORHAM PARK, N.J., Sept. 08, 2026 (GLOBE NEWSWIRE) — Barnes & Noble Education, Inc. (NYSE: BNED) (“Barnes & Noble Education,” “BNED,” the “Company,” “we,” “us” or “our”), a leading solutions provider for the education industry, today reported financial results for the fiscal first quarter ended August 1, 2026.
During the first quarter, the Company delivered year-over-year improvement across its key operating and financial measures, including revenue, comparable store sales, BNC First Day® revenue, net income (loss), and Adjusted EBITDA, while further strengthening its balance sheet. Barnes & Noble Education’s business is highly seasonal, with the majority of sales and operating profit typically realized during the second and third fiscal quarters, reflecting the fall and spring academic terms.
“We began fiscal 2027 on plan, with continued momentum across the business and year-over-year improvement across each of our key operating and financial measures,” commented Jonathan Shar, Chief Executive Officer. “These results reflect the continued progress of our strategy and the disciplined execution of our teams.”
“Importantly, the momentum in First Day®Complete continues to build as more institutions recognize the value of improving the affordability, access and convenience of course materials for their students,” continued Shar. “We are excited about the continued growth of First Day®Complete this fall and the opportunity to deepen our partnerships with colleges and universities and demonstrate our ability to deliver solutions that support their broader institutional priorities.”
Mr. Shar continued, “As we enter the important fall semester, we are encouraged by the growth we are seeing inFirst Day®Complete and remain confident in our outlook for fiscal 2027. We are focused on translating that momentum into continued growth in profitability, stronger cash generation and further improvements in our balance sheet.”
Fiscal 2027 First Quarter Financial Results
Revenue for the first quarter of fiscal 2027 was $290.6 million, an increase of $2.4 million, or 0.8%, compared with $288.2 million for the first quarter of fiscal 2026. Gross comparable store sales increased by $10.7 million, or 3.7%, year-over-year. The increase in revenue was primarily driven by growth in BNC First Day® programs, partially offset by the impact of store closures, including exits from certain less profitable locations.
