Barnes & Noble Education, Inc. reported fiscal 2026 results with revenue of $1.56B and diluted EPS of $0.49, returning to full-year net income of $16.87M versus a $65.83M loss in the prior year.
Financial Highlights
| MetricCurrent yearPrior yearYoY change | Revenue¹$1.56B$1.46B6.9% | Net income²$16.87M($65.83M)125.6% | Diluted EPS³$0.49($2.5)119.6% |
¹ Reported as “Product sales and other”. ² Reported as “Net income (loss)”. ³ Reported as “Earning per share - Basic and Diluted”.
Business Highlights
- Revenue growth was driven by a 28% increase in BNC First Day® program sales (an incremental $166.3M), and a broader shift toward affordable-access and digital content that offset declines in a la carte courseware and closed-store sales.
- Operations included the opening of 64 stores and closure of 94 underperforming locations, contributing to an improved gross margin of 21.4% through cost containment and First Day mix.
- The company operates 1,116 campus and virtual stores and uses third-party partners such as Fanatics/Lids for logo merchandise fulfillment and digital marketing.
- Growth in institutional First Day® models pushed collections later in the cycle, prompting management focus on aligning vendor payments and receivables and managing working capital timing.
Original SEC Filing:
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