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Barnes & Noble Education (BNED)
NYSE:BNED
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Earnings Data
Report Date
Mar 11, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
―Last Year’s EPS
―Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 09, 2024
|% Change Since: -5.33%
|Next Earnings Date:Mar 11, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a period of solid growth and strategic progress for BNED, particularly in its First Day Complete and subscription-like revenue models, which have led to significant EBITDA growth and operational efficiencies. Despite some challenges in general merchandise sales and retail gross margin, the overall sentiment of the call is positive due to the successful implementation of cost-saving measures and the strategic transition to more predictable revenue streams.Company Guidance
During the Barnes & Noble Education (BNED) Fiscal 2024 2nd Quarter Earnings Call, the company provided several key metrics and insights into its performance and future guidance. The highlight of the quarter was the significant growth in the First Day Complete (FDC) program, which saw a 52% year-over-year revenue increase to $136 million, contributing to a total First Day programs revenue of $199 million. This growth helped offset declines in traditional à la carte courseware sales, with the First Day Complete and First Day revenues approaching 50% of the total course material revenue. This strategic shift has led to improved revenue visibility and operational efficiency, despite the company operating 128 fewer stores. The quarter's total revenue reached $610.4 million, marking a slight increase of 0.3% from the previous year, while consolidated adjusted EBITDA rose by 28.3% to $50.3 million, driven by a $13 million reduction in selling and administrative expenses. Looking ahead, BNED maintains its fiscal 2024 adjusted EBITDA guidance of approximately $40 million, expecting continued growth from its retail segment and ongoing cost reduction initiatives.Strong Growth in First Day Complete Revenue
First Day Complete revenue increased 52% year-over-year to $136 million. Combined First Day programs revenue reached $199 million, marking a 39% growth.
Significant Increase in Adjusted EBITDA
Consolidated adjusted EBITDA increased by 28% to $50.3 million, driven by a $13 million decrease in S&A expenses.
Cost Savings Achieved
Achieved planned $30 million to $35 million of annualized cost savings, contributing to improved profitability.
Positive Transition to Subscription Model
First Day and First Day Complete revenues are approaching 50% of course material revenue, offsetting declines in the à la carte model by $30 million on a year-to-date basis.
Retail Segment Performance
Retail adjusted EBITDA increased by 23% with course material comparable store sales growth of 5.8%.
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BNED Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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BNED Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 09, 2024 | $10.50 | $11.51 | +9.62% |
| Sep 10, 2024 | $10.26 | $10.50 | +2.34% |
| Jul 01, 2024 | $6.12 | $6.81 | +11.27% |
| Mar 13, 2024 | $0.62 | $0.63 | +1.61% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Barnes & Noble Education (BNED) report earnings?
Barnes & Noble Education (BNED) is schdueled to report earning on Mar 11, 2025, TBA Not Confirmed.
What is Barnes & Noble Education (BNED) earnings time?
Barnes & Noble Education (BNED) earnings time is at Mar 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BNED EPS forecast?
Currently, no data Available
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