{"id":943426,"date":"2026-03-10T16:19:27","date_gmt":"2026-03-10T20:19:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/barnes-noble-education-reports-fiscal-third-quarter-2026-financial-results\/"},"modified":"2026-03-10T16:19:27","modified_gmt":"2026-03-10T20:19:27","slug":"barnes-noble-education-reports-fiscal-third-quarter-2026-financial-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/barnes-noble-education-reports-fiscal-third-quarter-2026-financial-results\/","title":{"rendered":"Barnes & Noble Education Reports Fiscal Third Quarter 2026 Financial Results"},"content":{"rendered":"
\n

\n BNC First Day Program Revenue Increases\u00a0<\/em>32.1%<\/p>\n

\n Net Income of <\/em>
\n $6.7<\/em>
\n Million and Adjusted EBITDA of <\/em>
\n $23.6<\/em>
\n Million<\/em>\n <\/p>\n

\n Company to Commence Dividend Program in First Quarter of Fiscal 2027 <\/em>\n <\/p>\n

\n Virtual Investor Day Scheduled for June 25, 2026<\/em>\n <\/p>\n

FLORHAM PARK, N.J., March 10, 2026 (GLOBE NEWSWIRE) — Barnes & Noble Education, Inc. (NYSE: BNED)<\/strong>, (\u201cBarnes & Noble Education,\u201d \u201cBNED,\u201d \u201cthe Company,\u201d \u201cwe,\u201d \u201cus,\u201d \u201cour\u201d), a leading solutions provider for the education industry, today reported financial results for the fiscal third quarter ended January 31, 2026.<\/p>\n

\n Virtual Investor Day<\/strong>\n <\/p>\n

Barnes & Noble Education has scheduled a virtual investor day for June 25, 2026. Management will provide an overview of the Company\u2019s strategy, the growing opportunity surrounding the BNC First Day program, and the Company\u2019s financial outlook. Additional details, including registration information, will be provided in the coming weeks.<\/p>\n

\n Fiscal Third Quarter 2026 Financial Results<\/strong>\n <\/p>\n

Revenue for the fiscal third quarter of 2026 was $515.1 million, an increase of 11.3% compared to $462.8 million for the third quarter of fiscal 2025. Gross Comparable Store Sales increased by $33.8 million, or 7.2%, year-over-year.<\/p>\n

Revenues from BNC First Day programs increased by $71.3 million, or 32.1%, year-over-year, to $293.6 million, as First Day\u00ae Complete continues to see strong growth in institutional adoption. A total of 237 campus stores utilized First Day Complete in the spring 2026 academic term with a total enrollment of approximately 1.25 million undergraduate and graduate students,1<\/sup> up from 957,000 undergraduate and graduate students in the prior year.<\/p>\n

Net income for the fiscal third quarter of 2026 was $6.7 million compared to net income of $17.9 million in the prior year. The year-over-year decline in net income primarily reflects the absence of a one-time non-cash $7.6 million restructuring gain and a $4.1 million tax benefit recognized in the prior period. Adjusted EBITDA for the fiscal third quarter of 2026 was $23.6 million, a decrease of $1.2 million from $24.8 million in the third quarter of the prior fiscal year, in part due to a decrease in gross margins that is the result of certain timing differences in revenue recognition in the spring rush selling season.<\/p>\n

\n First Nine Months Fiscal 2026 Financial Results<\/strong>\n <\/p>\n

Revenue for the first nine months of fiscal 2026 was $1,447.7 million, an increase of 9.0% compared to $1,328.4 million for the first nine months of fiscal 2025. Gross Comparable Store Sales increased by $86.3 million, or 6.3%, year-over-year.<\/p>\n

Revenues from BNC First Day<\/em> programs increased by $163.0 million, or 30.2%, year-over-year, to $702.0 million.<\/p>\n

Net income for the first nine months of fiscal 2026 was $13.4 million compared to a net loss of $42.8 million in the prior year, with the increase in net income driven primarily by a $55.2 million loss on extinguishment of debt that had been recognized in the prior year period. Adjusted EBITDA for the first nine months of fiscal 2026 was $61.9 million, an increase of $3.2 million, or 5.5%, from $58.7 million in the first nine months of the prior fiscal year.<\/p>\n

Barnes & Noble Education\u2019s business is highly seasonal, with the major portion of sales and operating profit realized during the second and third fiscal quarters. BNED\u2019s fiscal year is comprised of 52 or 53 weeks, ending on the Saturday closest to the last day of April. Fiscal 2026 includes 52 weeks versus 53 weeks for fiscal 2025.<\/p>\n

\n 1 <\/sup>Total undergraduate and graduate student enrollment as reported by National Center for Education Statistics (NCES) as of January 6, 2026.<\/p>\n

The following table provides a reconciliation of Net Income (loss), the most directly comparable GAAP financial measure, to Adjusted Net Income (loss), a non-GAAP financial measure, for the periods presented.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Adjusted Net Income (Loss)<\/strong>\n <\/td>\n\u00a0<\/td>\n13 weeks ended<\/td>\n\u00a0<\/td>\n39 weeks ended<\/td>\n<\/tr>\n
\n Dollars in thousands<\/em>\n <\/td>\n\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n6,655<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,942<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,388<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(42,821<\/td>\n)<\/td>\n<\/tr>\n
Reconciling items(below)<\/em><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,552<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,994<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,396<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,866<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted Net Income (Loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n8,207<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,948<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n18,784<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(40,955<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Reconciling items<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment loss (a)<\/sup><\/td>\n\u00a0<\/td>\n$<\/td>\n456<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,713<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n456<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,713<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other (income) expense, net of Investigation expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n222<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,268<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(251<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,800<\/td>\n)<\/td>\n<\/tr>\n
Stock-based compensation expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n874<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,561<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,191<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,953<\/td>\n\u00a0<\/td>\n<\/tr>\n
Reconciling items<\/td>\n\u00a0<\/td>\n$<\/td>\n1,552<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,994<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n5,396<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,866<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
The following table provides a reconciliation of Net Income (loss), the most directly comparable GAAP financial measure, to Adjusted EBITDA, a non-GAAP financial measure, for the periods presented.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n Adjusted EBITDA<\/strong>\n <\/td>\n\u00a0<\/td>\n13 weeks ended<\/td>\n\u00a0<\/td>\n39 weeks ended<\/td>\n<\/tr>\n
\n Dollars in thousands<\/em>\n <\/td>\n\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n6,655<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,942<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,388<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(42,821<\/td>\n)<\/td>\n<\/tr>\n
Add:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Depreciation and amortization expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,427<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,827<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,237<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,440<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest expense, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,884<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,083<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,514<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,164<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,082<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,108<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,349<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,230<\/td>\n)<\/td>\n<\/tr>\n
Impairment loss (a)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n456<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,713<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n456<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,713<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loss on extinguishment of debt<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n55,233<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other (income) expense, less Investigation related costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n222<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,268<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(251<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,800<\/td>\n)<\/td>\n<\/tr>\n
Stock-based compensation expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n874<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,561<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,191<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,953<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted EBITDA<\/td>\n\u00a0<\/td>\n$<\/td>\n23,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n24,750<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n61,884<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n58,652<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
The following table provides a reconciliation of Net Cash Flows Provided by Operating Activities, the most directly comparable GAAP financial measure, to Adjusted Free Cash Flow, a non-GAAP financial measure, for the periods presented.<\/p>\n\n\n\n\n\n\n\n\n\n\n
\n Adjusted Free Cash Flow<\/strong>\n <\/td>\n\u00a0<\/td>\n13 weeks ended<\/td>\n\u00a0<\/td>\n39 weeks ended<\/td>\n<\/tr>\n
\n Dollars in thousands<\/em>\n <\/td>\n\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n<\/tr>\n
Net cash flows provided by operating activities<\/td>\n\u00a0<\/td>\n$<\/td>\n(29,388<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(41,945<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(30,752<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(138,037<\/td>\n)<\/td>\n<\/tr>\n
Less:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Capital expenditures (a)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,807<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,772<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,858<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,790<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash interest<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,656<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,633<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,961<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,499<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,412<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n67<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,724<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,018<\/td>\n)<\/td>\n<\/tr>\n
Adjusted Free Cash Flow<\/td>\n\u00a0<\/td>\n$<\/td>\n(38,263<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(49,417<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(54,295<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(160,308<\/td>\n)<\/td>\n<\/tr>\n<\/table>\n

\n
\n
\n (a)<\/sup>\u00a0Purchases of property and equipment are also referred to as capital expenditures. Our investing activities consist principally of capital expenditures for contractual capital investments associated with renewing existing contracts, new store construction, and enhancements to internal systems and our website.<\/sub>\n <\/p>\n

The following table provides the components of total purchases of property and equipment.<\/p>\n\n\n\n\n\n\n\n\n
\n Capital Expenditures<\/strong>\n <\/td>\n\u00a0<\/td>\n13 weeks ended<\/td>\n\u00a0<\/td>\n39 weeks ended<\/td>\n<\/tr>\n
\n Dollars in thousands<\/em>\n <\/td>\n\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n\u00a0<\/td>\n<\/tr>\n
Physical store capital expenditures<\/td>\n\u00a0<\/td>\n$<\/td>\n1,975<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,219<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7,325<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n5,059<\/td>\n\u00a0<\/td>\n<\/tr>\n
Product and system development<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,425<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,378<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,700<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,086<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n407<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n175<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n833<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n645<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Capital Expenditures<\/td>\n\u00a0<\/td>\n$<\/td>\n3,807<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,772<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n11,858<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n9,790<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n
Management Commentary<\/strong>\n <\/p>\n

\u201cWe continue to execute on our mission of supporting our campus partners\u2019 highest priority goals and improving affordability and access for students,\u201d said Jonathan Shar, Chief Executive Officer of Barnes & Noble Education. \u201cOur BNC First Day programs again delivered strong growth and are continuing to gain momentum. At the same time, our campus retail model is creating value for both our institutional partners and the customers we serve by delivering essential educational content and general merchandise through a dynamic omnichannel environment.\u201d<\/p>\n

Shar continued, \u201cWe delivered solid growth and profitability. Our focus remains on driving continued growth, enhancing operating leverage through improved gross margins and disciplined expense management, and strengthening sales in our general merchandise business. Reflecting our confidence in the outlook for the business, we plan to initiate a quarterly dividend of $0.08 per share, or $0.32 annually, beginning in fiscal Q1 2027.\u201d<\/p>\n

We also look forward to hosting a virtual investor day on June 25, 2026, which we will broadcast live from the New York Stock Exchange for investors to join remotely. During the event we will discuss our strategy, outlook, and take questions from investors,\u201d Shar concluded.<\/p>\n

\n Balance Sheet<\/strong>\n <\/p>\n

Total debt as of January 31, 2026 was $138.4 million compared to $122.5 million as of November 1, 2025. After subtracting $10.1 million of cash on hand as of January 31, 2026, total net debt was $128.3 million.<\/p>\n

The Company\u2019s net working capital position was $245.9 million as of January\u00a031, 2026 compared to $186.2 million as of May\u00a03, 2025.<\/p>\n

\n Dividend Program<\/strong>\n <\/p>\n

Beginning in the first quarter of fiscal 2027, the Company intends to declare a regular quarterly dividend of $0.08 per share. This is equal to an approximate 3.5% annual dividend yield at $8.80 per share.<\/p>\n

\n Outlook<\/strong>\n <\/p>\n

Barnes & Noble Education is reiterating its previously issued fiscal 2026 outlook, as shared on January 20, 2026, and continues to expect top-line growth despite one fewer operating week and broader market uncertainties in the higher education and retail sectors. The Company currently expects Adjusted EBITDA in the range of $65 million to $75 million, representing year-over-year growth, supported by anticipated gross profit dollar growth and continued expense discipline. The Company also anticipates a material reduction in interest expense compared to the prior fiscal year, approximately $18 million in capital expenditures, and expects to be a normal cash taxpayer.<\/p>\n

Looking ahead to fiscal 2027, the Company sees meaningful opportunities to improve gross margins and is targeting Adjusted EBITDA growth of 15% to 20% or more.<\/p>\n

\n Use of Non-GAAP Financial Information \u2013 Adjusted Income (Loss), Adjusted EBITDA and Adjusted Free Cash Flow<\/strong>\n <\/p>\n

To supplement the Company\u2019s consolidated financial statements presented in accordance with generally accepted accounting principles (\u201cGAAP\u201d), the Company uses the financial measures of Adjusted Income (Loss), Adjusted EBITDA, and Adjusted Free Cash Flow, which are non-GAAP financial measures under Securities and Exchange Commission (the \u201cSEC\u201d) regulations. We define Adjusted Income (Loss) as net income (loss) adjusted for certain reconciling items that are subtracted from or added to net income (loss). We define Adjusted EBITDA as net income (loss) plus (1) depreciation and amortization; (2) interest expense, net and (3) income taxes, (4) as adjusted for certain other non-cash or non-recurring items, and adjustments defined in the Company\u2019s credit agreement. We define Adjusted Free Cash Flow as Cash Flows from Operating Activities less capital expenditures, cash interest and cash taxes.<\/p>\n

These non-GAAP measures have been reconciled to the most comparable financial measures presented in accordance with GAAP as follows: the reconciliation of Adjusted Income (Loss) to net income (loss); the reconciliation of consolidated Adjusted EBITDA to consolidated net income (loss); and the reconciliation of Adjusted Free Cash Flow to Cash Flows from Operating Activities. All of the items included in the reconciliations are either (i) non-cash items or (ii) items that management does not consider in assessing our on-going operating performance.<\/p>\n

These non-GAAP financial measures are not intended as substitutes for and should not be considered superior to measures of financial performance prepared in accordance with GAAP. In addition, the Company\u2019s use of these non-GAAP financial measures may be different from similarly named measures used by other companies, limiting their usefulness for comparison purposes.<\/p>\n

We review these non-GAAP financial measures as internal measures to evaluate our performance at a consolidated level to manage our operations. We believe that these measures are useful performance measures which are used by us to facilitate a comparison of our on-going operating performance on a consistent basis from period-to-period. We believe that these non-GAAP financial measures provide for a more complete understanding of factors and trends affecting our business than measures under GAAP can provide alone, as they exclude certain items that management believes do not reflect the ordinary performance of our operations in a particular period. Our Board of Directors and management also use Adjusted EBITDA at a consolidated level as one of the primary methods for planning and forecasting expected performance, for evaluating on a quarterly and annual basis actual results against such expectations, and as a measure for performance incentive plans. We believe that the inclusion of Adjusted Income (Loss) and Adjusted EBITDA results provides investors useful and important information regarding our operating results, in a manner that is consistent with management\u2019s evaluation of business performance. We believe that Adjusted Free Cash Flow provides useful additional information concerning cash flow available to meet future debt service obligations and working capital requirements and assists investors in their understanding of our operating profitability and liquidity as we manage the business to maximize margin and cash flow.<\/p>\n

\n ABOUT BARNES & NOBLE EDUCATION, INC.<\/strong>\n <\/p>\n

Barnes & Noble Education, Inc. (NYSE: BNED) is a leading solutions provider for the education industry, driving affordability, access and achievement at hundreds of academic institutions nationwide and ensuring millions of students are equipped for success in the classroom and beyond. Through its family of brands, BNED offers campus retail services and academic solutions, wholesale capabilities and more. BNED is a company serving all who work to elevate their lives through education, supporting students, faculty and institutions as they make tomorrow a better and smarter world. For more information, visit www.bned.com.<\/p>\n

\n Media & Investor Contact:<\/strong>
\n
Rob Fink
FNK IR
BNED@fnkir.com
646-809-4048<\/p>\n

\n Forward-Looking Statements<\/strong>
\n
This press release contains certain \u201cforward-looking statements\u201d within the meaning of the Private Securities Litigation Reform Act of 1995 and information relating to us and our business that are based on the beliefs of our management as well as assumptions made by and information currently available to our management. When used in this communication, the words \u201canticipate,\u201d \u201cbelieve,\u201d \u201cestimate,\u201d \u201cexpect,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cmay,\u201d \u201cshould,\u201d \u201cwill,\u201d \u201cforecasts,\u201d \u201cprojections,\u201d \u201ccontinue to,\u201d \u201ccommitted to,\u201d and similar expressions, as they relate to us or our management, identify forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements, and such statements include but are not limited to those related to our positioning, strategic and operational objectives, broader market trends, anticipated growth in our BNC First Day program, expected trends in financial results, including those related to seasonality, as well as forward-looking continued top line growth, anticipated gross profit dollar increases, continued expense discipline, Adjusted EBITDA, interest costs, capital expenditures and long-term projected growth in Adjusted EBITDA. We caution you not to place undue reliance on these forward-looking statements. Such statements reflect our current views with respect to future events, the outcome of which is subject to certain risks, including, but not limited to: the amount of our indebtedness and ability to comply with covenants contained in our credit agreement; our ability to maintain adequate liquidity levels to support ongoing inventory purchases and related vendor payments in a timely manner; slower than anticipated pace of adoption of our BNC First Day\u00ae equitable and inclusive access course material models; our dependency on strategic service provider relationships and the potential for adverse operational and financial changes to these strategic service provider relationships; non-renewal of our managed bookstore, physical and\/or online store contracts; general competitive conditions; a decline in college enrollment or decreased funding available for students; technological changes, including the adoption of artificial intelligence technologies for educational content; disruptions to our information technology systems, infrastructure, data, supplier systems, and customer ordering and payment systems due to computer malware, viruses, hacking and phishing attacks; disruption of or interference with third party service providers and our own proprietary technology; and changes in applicable domestic and international laws, rules or regulations or changes in enforcement practices, including, without limitation, U.S. tax reform, changes in tax rates, tariffs, import and export control laws and regulations, changes to consumer data privacy rights legislation, as well as related guidance. Moreover, we operate in a very competitive and rapidly changing environment and new risks may emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In addition, the declaration of any future dividends will be subject to further review and approval by the Board in accordance with applicable law. The Board reserves the right to adjust or withdraw any quarterly dividend in future periods as it reviews our capital allocation strategy from time-to-time and ensures compliance with any applicable restrictions, including those set forth in our credit agreement with our lenders.<\/p>\n

For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in the Company\u2019s Annual Report on Form 10-K for the year ended May 3, 2025, filed with the SEC on December 23, 2025. Any forward-looking statements made by us in this press release speak only as of the date of this press release, and we do not intend to update these forward-looking statements after the date of this press release, except as required by law.<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n BARNES\u00a0& NOBLE EDUCATION, INC. AND SUBSIDIARIES<\/strong>
\n
\n Condensed Consolidated Statements of Operations<\/strong>
\n
\n (In thousands, except share and per share data)<\/strong>
\n
\n (Unaudited)<\/strong><\/p>\n<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n13 weeks ended<\/td>\n\u00a0<\/td>\n39 weeks ended<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nJanuary 31,
2026<\/td>\n		\u00a0<\/td>\nJanuary 25,
2025<\/td>\n		\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n<\/tr>\n
Sales:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n<\/tr>\n
Product sales and other<\/td>\n\u00a0<\/td>\n$<\/td>\n471,825<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n419,663<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,344,215<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,230,263<\/td>\n\u00a0<\/td>\n<\/tr>\n
Rental income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n43,267<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n43,162<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n103,451<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n98,115<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total sales<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n515,092<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n462,825<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,447,666<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,328,378<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of sales (exclusive of depreciation and amortization expense):<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Product and other cost of sales<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n394,782<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n343,559<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,109,131<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,005,970<\/td>\n\u00a0<\/td>\n<\/tr>\n
Rental cost of sales<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,212<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n25,516<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n57,223<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n55,185<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total cost of sales<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n418,994<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n369,075<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,166,354<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,061,155<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross profit<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n96,098<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n93,750<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n281,312<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n267,223<\/td>\n\u00a0<\/td>\n<\/tr>\n
Selling and administrative expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n72,551<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n71,561<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n217,714<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n211,524<\/td>\n\u00a0<\/td>\n<\/tr>\n
Depreciation and amortization expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,427<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,827<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,237<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,440<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment loss (non-cash) (a)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n456<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,713<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n456<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,713<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,043<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,268<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,654<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,800<\/td>\n)<\/td>\n<\/tr>\n
Operating income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,621<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,917<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,251<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27,346<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loss on extinguishment of debt (a)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n55,233<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest expense, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,884<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,083<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,514<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,164<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income (loss) before income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,737<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n13,834<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,737<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(46,051<\/td>\n)<\/td>\n<\/tr>\n
Income tax expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,082<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,108<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,349<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,230<\/td>\n)<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n6,655<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,942<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,388<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(42,821<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income (loss) per Common Stock:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Basic Income (loss) per share<\/td>\n\u00a0<\/td>\n$<\/td>\n0.19<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.59<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.39<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.82<\/td>\n)<\/td>\n<\/tr>\n
Weighted average common shares outstanding \u2013 Basic<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,450,101<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,507,723<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,290,185<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,515,188<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Diluted Income (loss) per share<\/td>\n\u00a0<\/td>\n$<\/td>\n0.19<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.59<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.39<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.82<\/td>\n)<\/td>\n<\/tr>\n
Weighted average common shares outstanding \u2013 Diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,663,763<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,642,958<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34,599,168<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,515,188<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n (a) For additional information, see the Notes in the Non-GAAP disclosure information of this Press Release.<\/sup>\n <\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n13 weeks ended<\/td>\n\u00a0<\/td>\n39 weeks ended<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nJanuary 31,
2026<\/td>\n		\u00a0<\/td>\nJanuary 25,
2025<\/td>\n		\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n<\/tr>\n
\n Percentage of sales:<\/strong>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Sales:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Product sales and other<\/td>\n\u00a0<\/td>\n91.6<\/td>\n%<\/td>\n\u00a0<\/td>\n90.7<\/td>\n%<\/td>\n\u00a0<\/td>\n92.9<\/td>\n%<\/td>\n\u00a0<\/td>\n92.6<\/td>\n%<\/td>\n<\/tr>\n
Rental income<\/td>\n\u00a0<\/td>\n8.4<\/td>\n%<\/td>\n\u00a0<\/td>\n9.3<\/td>\n%<\/td>\n\u00a0<\/td>\n7.1<\/td>\n%<\/td>\n\u00a0<\/td>\n7.4<\/td>\n%<\/td>\n<\/tr>\n
Total sales<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n\u00a0<\/td>\n100.0<\/td>\n%<\/td>\n<\/tr>\n
Cost of sales (exclusive of depreciation and amortization expense):<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Product and other cost of sales (a)<\/sup><\/td>\n\u00a0<\/td>\n83.7<\/td>\n%<\/td>\n\u00a0<\/td>\n81.9<\/td>\n%<\/td>\n\u00a0<\/td>\n82.5<\/td>\n%<\/td>\n\u00a0<\/td>\n81.8<\/td>\n%<\/td>\n<\/tr>\n
Rental cost of sales (a)<\/sup><\/td>\n\u00a0<\/td>\n56.0<\/td>\n%<\/td>\n\u00a0<\/td>\n59.1<\/td>\n%<\/td>\n\u00a0<\/td>\n55.3<\/td>\n%<\/td>\n\u00a0<\/td>\n56.2<\/td>\n%<\/td>\n<\/tr>\n
Total cost of sales<\/td>\n\u00a0<\/td>\n81.3<\/td>\n%<\/td>\n\u00a0<\/td>\n79.7<\/td>\n%<\/td>\n\u00a0<\/td>\n80.6<\/td>\n%<\/td>\n\u00a0<\/td>\n79.9<\/td>\n%<\/td>\n<\/tr>\n
Gross profit<\/td>\n\u00a0<\/td>\n18.7<\/td>\n%<\/td>\n\u00a0<\/td>\n20.3<\/td>\n%<\/td>\n\u00a0<\/td>\n19.4<\/td>\n%<\/td>\n\u00a0<\/td>\n20.1<\/td>\n%<\/td>\n<\/tr>\n
Selling and administrative expenses<\/td>\n\u00a0<\/td>\n14.1<\/td>\n%<\/td>\n\u00a0<\/td>\n15.5<\/td>\n%<\/td>\n\u00a0<\/td>\n15.0<\/td>\n%<\/td>\n\u00a0<\/td>\n15.9<\/td>\n%<\/td>\n<\/tr>\n
Depreciation and amortization expense<\/td>\n\u00a0<\/td>\n1.4<\/td>\n%<\/td>\n\u00a0<\/td>\n1.7<\/td>\n%<\/td>\n\u00a0<\/td>\n1.7<\/td>\n%<\/td>\n\u00a0<\/td>\n2.2<\/td>\n%<\/td>\n<\/tr>\n
Impairment loss (non-cash)<\/td>\n\u00a0<\/td>\n0.1<\/td>\n%<\/td>\n\u00a0<\/td>\n0.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n%<\/td>\n\u00a0<\/td>\n0.1<\/td>\n%<\/td>\n<\/tr>\n
Other expense<\/td>\n\u00a0<\/td>\n0.2<\/td>\n%<\/td>\n\u00a0<\/td>\n(1.4<\/td>\n)%<\/td>\n\u00a0<\/td>\n0.5<\/td>\n%<\/td>\n\u00a0<\/td>\n(0.2<\/td>\n)%<\/td>\n<\/tr>\n
Operating income<\/td>\n\u00a0<\/td>\n2.9<\/td>\n%<\/td>\n\u00a0<\/td>\n4.1<\/td>\n%<\/td>\n\u00a0<\/td>\n2.2<\/td>\n%<\/td>\n\u00a0<\/td>\n2.1<\/td>\n%<\/td>\n<\/tr>\n
\n
\n (a) Represents the percentage these costs bear to the related sales, instead of total sales.<\/sup>\n <\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n BARNES\u00a0& NOBLE EDUCATION, INC. AND SUBSIDIARIES<\/strong>
\n
\n Condensed Consolidated Balance Sheets<\/strong>
\n
\n (In thousands, except share and per share data)<\/strong>
\n
\n (Unaudited)<\/strong><\/p>\n<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nJanuary 31,
2026<\/td>\n		\u00a0<\/td>\nMay 3,
2025<\/td>\n<\/tr>\n
ASSETS<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current assets:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n\u00a0<\/td>\n$<\/td>\n10,139<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n9,058<\/td>\n\u00a0<\/td>\n<\/tr>\n
Receivables, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n416,425<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n98,077<\/td>\n\u00a0<\/td>\n<\/tr>\n
Merchandise inventories, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n329,425<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n299,562<\/td>\n\u00a0<\/td>\n<\/tr>\n
Textbook rental inventories<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n43,662<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,439<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses and other current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,095<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32,249<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n825,746<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n465,385<\/td>\n\u00a0<\/td>\n<\/tr>\n
Property and equipment, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n37,182<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40,229<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating lease right-of-use assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n180,535<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n183,695<\/td>\n\u00a0<\/td>\n<\/tr>\n
Intangible assets, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n67,924<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78,241<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other noncurrent assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,921<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22,735<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/td>\n\u00a0<\/td>\n$<\/td>\n1,130,308<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n790,285<\/td>\n\u00a0<\/td>\n<\/tr>\n
LIABILITIES AND STOCKHOLDERS’ EQUITY<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accounts payable<\/td>\n\u00a0<\/td>\n$<\/td>\n319,236<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n148,848<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n186,919<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n65,853<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current operating lease liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n73,653<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n64,524<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n579,808<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n279,225<\/td>\n\u00a0<\/td>\n<\/tr>\n
Long-term deferred taxes, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n85<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,135<\/td>\n\u00a0<\/td>\n<\/tr>\n
Long-term operating lease liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n103,959<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n115,495<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other long-term liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,082<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n19,142<\/td>\n\u00a0<\/td>\n<\/tr>\n
Long-term borrowings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n138,400<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n103,100<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n840,334<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n518,097<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commitments and contingencies<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stockholders’ equity:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Preferred stock, $0.01 par value; authorized, 5,000,000 shares; issued and outstanding, none<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Common stock, $0.01 par value; authorized, 200,000,000 shares; issued, 34,321,836 and 34,081,114 shares, respectively; outstanding, 34,294,569 and 34,053,847 shares, respectively<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n343<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n341<\/td>\n\u00a0<\/td>\n<\/tr>\n
Additional paid-in-capital<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,011,370<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,006,974<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accumulated deficit<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(699,183<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(712,571<\/td>\n)<\/td>\n<\/tr>\n
Treasury stock, at cost<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,556<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(22,556<\/td>\n)<\/td>\n<\/tr>\n
Total stockholders’ equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n289,974<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n272,188<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities and stockholders’ equity<\/td>\n\u00a0<\/td>\n$<\/td>\n1,130,308<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n790,285<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n BARNES\u00a0& NOBLE EDUCATION, INC. AND SUBSIDIARIES<\/strong>
\n
\n Condensed Consolidated Statements of Cash Flow<\/strong>
\n
\n (In thousands)<\/strong>
\n
\n (Unaudited)<\/strong><\/p>\n<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n39 weeks ended<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nJanuary 31,
2026<\/td>\n		\u00a0<\/td>\nJanuary 25,
2025<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n<\/tr>\n
Cash flows from operating activities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n13,388<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(42,821<\/td>\n)<\/td>\n<\/tr>\n
Adjustments to reconcile net income (loss) from operations to net cash flows from operating activities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Depreciation and amortization expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,237<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,440<\/td>\n\u00a0<\/td>\n<\/tr>\n
Amortization of deferred financing costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,747<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,248<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment loss (non-cash)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n456<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,713<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loss on extinguishment of debt<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n55,233<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,050<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,960<\/td>\n\u00a0<\/td>\n<\/tr>\n
Pension adjustments<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stock-based compensation expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,191<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,953<\/td>\n\u00a0<\/td>\n<\/tr>\n
Changes in operating lease right-of-use assets and liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n624<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(322<\/td>\n)<\/td>\n<\/tr>\n
Changes in other long-term assets and liabilities, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,031<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,006<\/td>\n)<\/td>\n<\/tr>\n
Changes in other operating assets and liabilities, net:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Receivables, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(318,348<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(244,681<\/td>\n)<\/td>\n<\/tr>\n
Merchandise inventories, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(29,863<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,212<\/td>\n\u00a0<\/td>\n<\/tr>\n
Textbook rental inventories<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(17,223<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(8,041<\/td>\n)<\/td>\n<\/tr>\n
Prepaid expenses and other current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,273<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,535<\/td>\n)<\/td>\n<\/tr>\n
Accounts payable and accrued liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n293,331<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n55,610<\/td>\n\u00a0<\/td>\n<\/tr>\n
Changes in other operating assets and liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(77,376<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(185,435<\/td>\n)<\/td>\n<\/tr>\n
Net cash flows used in operating activities<\/td>\n\u00a0<\/td>\n$<\/td>\n(30,752<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(138,037<\/td>\n)<\/td>\n<\/tr>\n
Cash flows from investing activities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Purchases of property and equipment<\/td>\n\u00a0<\/td>\n$<\/td>\n(11,781<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(9,790<\/td>\n)<\/td>\n<\/tr>\n
Net change in other noncurrent assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n792<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash flows used in investing activities<\/td>\n\u00a0<\/td>\n$<\/td>\n(11,781<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(8,998<\/td>\n)<\/td>\n<\/tr>\n
Cash flows from financing activities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Proceeds from borrowings<\/td>\n\u00a0<\/td>\n$<\/td>\n604,000<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n667,355<\/td>\n\u00a0<\/td>\n<\/tr>\n
Repayments of borrowings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(568,700<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(691,121<\/td>\n)<\/td>\n<\/tr>\n
Proceeds from Private Equity Investment<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n50,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
Proceeds from Rights Offering<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n45,000<\/td>\n\u00a0<\/td>\n<\/tr>\n
Proceeds from sales of Common Stock under ATM facility, net of commissions<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n78,450<\/td>\n\u00a0<\/td>\n<\/tr>\n
Payment of equity issuance costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(795<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(9,724<\/td>\n)<\/td>\n<\/tr>\n
Payment of deferred financing costs<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,900<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5,569<\/td>\n)<\/td>\n<\/tr>\n
Purchase of treasury shares<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4<\/td>\n)<\/td>\n<\/tr>\n
Proceeds from principal stockholder expense reimbursement<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,190<\/td>\n\u00a0<\/td>\n<\/tr>\n
Payment of finance lease principal<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(371<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(385<\/td>\n)<\/td>\n<\/tr>\n
Net cash flows provided by financing activities<\/td>\n\u00a0<\/td>\n$<\/td>\n32,234<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n135,192<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net increase (decrease) in cash, cash equivalents and restricted cash<\/td>\n\u00a0<\/td>\n$<\/td>\n(10,299<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(11,843<\/td>\n)<\/td>\n<\/tr>\n
Cash, cash equivalents and restricted cash at beginning of period<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,723<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,570<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash, cash equivalents, and restricted cash at end of period<\/td>\n\u00a0<\/td>\n$<\/td>\n18,424<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n16,727<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n BARNES\u00a0& NOBLE EDUCATION, INC. AND SUBSIDIARIES<\/strong>
\n
\n Non-GAAP Information <\/strong>
\n
\n (a)<\/strong>
\n <\/sup>
\n
\n (In thousands)<\/strong>
\n
\n (Unaudited)<\/strong><\/p>\n<\/td>\n<\/tr>\n
\n Adjusted Income (Loss) <\/strong>
\n
\n (a)<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n13 weeks ended<\/td>\n\u00a0<\/td>\n39 weeks ended<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n6,655<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,942<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,388<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(42,821<\/td>\n)<\/td>\n<\/tr>\n
Reconciling items (below)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,552<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(1,994<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,396<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,866<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted Income (Loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n8,207<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n15,948<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n18,784<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(40,955<\/td>\n)<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Reconciling items<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment loss (non-cash) (b)<\/sup><\/td>\n\u00a0<\/td>\n$<\/td>\n456<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,713<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n456<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,713<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other (income) expense, net of Investigation expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n222<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,268<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(251<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,800<\/td>\n)<\/td>\n<\/tr>\n
Stock-based compensation expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n874<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,561<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,191<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,953<\/td>\n\u00a0<\/td>\n<\/tr>\n
Reconciling items<\/td>\n\u00a0<\/td>\n$<\/td>\n1,552<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(1,994<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n5,396<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,866<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Adjusted EBITDA <\/strong>
\n
\n (a)<\/strong>
\n <\/sup>\n <\/td>\n		\u00a0<\/td>\n13 weeks ended<\/td>\n\u00a0<\/td>\n39 weeks ended<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n<\/tr>\n
Net income (loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n6,655<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17,942<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13,388<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(42,821<\/td>\n)<\/td>\n<\/tr>\n
Add:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Depreciation and amortization expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,427<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,827<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24,237<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,440<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest expense, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,884<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,083<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,514<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,164<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income tax expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,082<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(4,108<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,349<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,230<\/td>\n)<\/td>\n<\/tr>\n
Impairment loss (non-cash)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n456<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,713<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n456<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,713<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loss on extinguishment of debt<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n55,233<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other (income) expense, net of Investigation expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n222<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,268<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(251<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,800<\/td>\n)<\/td>\n<\/tr>\n
Stock-based compensation expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n874<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,561<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,191<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,953<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted EBITDA<\/td>\n\u00a0<\/td>\n$<\/td>\n23,600<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n24,750<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n61,884<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n58,652<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n
\n (a) For additional information, see “Use of Non-GAAP Financial Information” in the Non-GAAP disclosure information of this Press Release.<\/sup>\n <\/td>\n<\/tr>\n<\/table>\n

\n
\n
Free Cash Flow (non-GAAP)\u00a0<\/strong>
\n
\n (a)<\/strong>
\n <\/sup>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n13 weeks ended<\/td>\n\u00a0<\/td>\n39 weeks ended<\/td>\n<\/tr>\n
\n Dollars in thousands<\/em>\n <\/td>\n\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n<\/tr>\n
Net cash flows (used in) provided by operating activities<\/td>\n\u00a0<\/td>\n$<\/td>\n(29,388<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(41,945<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(30,752<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(138,037<\/td>\n)<\/td>\n<\/tr>\n
Less:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Capital expenditures (b)<\/sup><\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,807<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,772<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n11,858<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,790<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash interest<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,656<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,633<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,961<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n14,499<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,412<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n67<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,724<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(2,018<\/td>\n)<\/td>\n<\/tr>\n
Free Cash Flow (non-GAAP)<\/td>\n\u00a0<\/td>\n$<\/td>\n(38,263<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(49,417<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(54,295<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(160,308<\/td>\n)<\/td>\n<\/tr>\n
\n
\n (a) For additional information, see “Use of Non-GAAP Financial Information” in the Non-GAAP disclosure information of this Press Release.<\/sup>
\n
\n (b) Purchases of property and equipment are also referred to as capital expenditures. Our investing activities consist principally of capital expenditures for contractual capital investments associated with renewing existing contracts, new store construction, digital initiatives and enhancements to internal systems and our website.<\/sup>\n <\/td>\n<\/tr>\n<\/table>\n

\n
The following table provides the components of total purchases of property and equipment:<\/p>\n\n\n\n\n\n\n\n\n
\n Capital Expenditures<\/strong>\n <\/td>\n\u00a0<\/td>\n13 weeks ended<\/td>\n\u00a0<\/td>\n39 weeks ended<\/td>\n<\/tr>\n
\n Dollars in thousands<\/em>\n <\/td>\n\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n\u00a0<\/td>\nJanuary 31, 2026<\/td>\n\u00a0<\/td>\nJanuary 25, 2025<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nAs Restated<\/td>\n\u00a0<\/td>\n<\/tr>\n
Physical store capital expenditures<\/td>\n\u00a0<\/td>\n$<\/td>\n1,975<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1,219<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7,325<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n5,059<\/td>\n\u00a0<\/td>\n<\/tr>\n
Product and system development<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,425<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,378<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n3,700<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,086<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n407<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n175<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n833<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n645<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Capital Expenditures<\/td>\n\u00a0<\/td>\n$<\/td>\n3,807<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2,772<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n11,858<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n9,790<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

BNC First Day Program Revenue Increases\u00a032.1% Net Income of $6.7 Million and Adjusted EBITDA of $23.6 Million Company to Commence Dividend Program in First Quarter of Fiscal 2027 Virtual Investor Day Scheduled for June 25, 2026 FLORHAM PARK, N.J., March 10, 2026 (GLOBE NEWSWIRE) — Barnes & Noble Education, Inc. (NYSE: BNED), (\u201cBarnes & Noble Education,\u201d \u201cBNED,\u201d \u201cthe Company,\u201d \u201cwe,\u201d \u201cus,\u201d \u201cour\u201d), a leading solutions provider for the education industry, today reported financial results for the fiscal third quarter ended January 31, 2026. Virtual Investor Day Barnes & Noble Education has scheduled a virtual investor day for June 25, 2026. Management will provide an overview of the Company\u2019s strategy, the growing opportunity surrounding the BNC First Day program, and the … <\/p>\n

Continue reading “Barnes & Noble Education Reports Fiscal Third Quarter 2026 Financial Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-943426","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nBarnes & Noble Education Reports Fiscal Third Quarter 2026 Financial Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/barnes-noble-education-reports-fiscal-third-quarter-2026-financial-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Barnes & Noble Education Reports Fiscal Third Quarter 2026 Financial Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BNC First Day Program Revenue Increases\u00a032.1% Net Income of $6.7 Million and Adjusted EBITDA of $23.6 Million Company to Commence Dividend Program in First Quarter of Fiscal 2027 Virtual Investor Day Scheduled for June 25, 2026 FLORHAM PARK, N.J., March 10, 2026 (GLOBE NEWSWIRE) — Barnes & Noble Education, Inc. (NYSE: BNED), (\u201cBarnes & Noble Education,\u201d \u201cBNED,\u201d \u201cthe Company,\u201d \u201cwe,\u201d \u201cus,\u201d \u201cour\u201d), a leading solutions provider for the education industry, today reported financial results for the fiscal third quarter ended January 31, 2026. Virtual Investor Day Barnes & Noble Education has scheduled a virtual investor day for June 25, 2026. Management will provide an overview of the Company\u2019s strategy, the growing opportunity surrounding the BNC First Day program, and the … Continue reading "Barnes & Noble Education Reports Fiscal Third Quarter 2026 Financial Results"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/barnes-noble-education-reports-fiscal-third-quarter-2026-financial-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-10T20:19:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY2OTQ4MCM3NDc3OTkyIzIwMTkyOTU=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"17 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/barnes-noble-education-reports-fiscal-third-quarter-2026-financial-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/barnes-noble-education-reports-fiscal-third-quarter-2026-financial-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Barnes & Noble Education Reports Fiscal Third Quarter 2026 Financial Results\",\"datePublished\":\"2026-03-10T20:19:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/barnes-noble-education-reports-fiscal-third-quarter-2026-financial-results\\\/\"},\"wordCount\":3348,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/barnes-noble-education-reports-fiscal-third-quarter-2026-financial-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTY2OTQ4MCM3NDc3OTkyIzIwMTkyOTU=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/barnes-noble-education-reports-fiscal-third-quarter-2026-financial-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/barnes-noble-education-reports-fiscal-third-quarter-2026-financial-results\\\/\",\"name\":\"Barnes & Noble Education Reports Fiscal Third Quarter 2026 Financial Results - 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(NYSE: BNED), (\u201cBarnes & Noble Education,\u201d \u201cBNED,\u201d \u201cthe Company,\u201d \u201cwe,\u201d \u201cus,\u201d \u201cour\u201d), a leading solutions provider for the education industry, today reported financial results for the fiscal third quarter ended January 31, 2026. Virtual Investor Day Barnes & Noble Education has scheduled a virtual investor day for June 25, 2026. 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