Barnes & Noble Education Reports Second Quarter Preliminary Fiscal Year 2025 Unaudited Financial Results

Core Insights - Barnes & Noble Education, Inc. (BNED) reported a significant increase in revenues for its First Day® Program, with an 18% year-over-year growth to $235 million [1] - The company anticipates a net income increase from continuing operations in the mid-70% to mid-90% range year-over-year for the second quarter [2][3] Financial Performance - The second quarter is crucial for BNED, coinciding with the Fall back-to-school period, and preliminary results indicate revenue is expected to be approximately flat year-over-year despite operating 109 fewer stores [2] - Net income for the quarter is projected to be in the mid to high$ 40 million range, reflecting a substantial increase compared to $24.854 million in the same quarter last year [4] - Adjusted EBITDA is expected to rise to the mid to high$ 60 million range, up from $51.080 million year-over-year [4] Strategic Initiatives - The CEO highlighted the positive preliminary results during the important Fall back-to-school period and the progress made in executing key strategic initiatives, including growth in affordable access programs and improved cost management [3] - The company plans to release final, unaudited financial results for the second quarter in early December 2024, providing more detailed financial tables and reconciliations of non-GAAP measures [3]