Barnes & Noble Education Swings to $16.9M Profit, Declares First Dividend
BNED sits 94% above its 52-week low of $5.9.
Summary
Barnes & Noble Education reported a strong FY2026 turnaround, achieving $1.715 billion in revenue, with sales approximately $1.71 billion, and net income of $16.9 million, or 49 cents per share, reversing a $65.8 million loss from the previous year. Adjusted EBITDA surged 29% to $76.5 million, primarily fueled by a 28% increase in First Day program revenues to $760 million. The company significantly reduced net debt by a third to $62.6 million and initiated its first quarterly dividend of $0.08 per share, signaling strong confidence. These results align with the June 24 guidance that projected $15 million to $18 million in net income. Looking ahead, FY2027 EBITDA guidance is set between $85 million and $92 million, indicating continued positive momentum.
At the time of this announcement, BNED was trading at $11.42 on NYSE in the Trade & Services sector, with a market capitalization of approximately $391.7M. The 52-week trading range was $5.90 to $14.75. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.