Barnes & Noble Education followed in the footsteps of their former parent company with a disappointing second quarter sales report — only it matters more to BNED, since this was supposed to be their big “fall rush” season. Sales of $755.9 million were up $4.2 million, but net income fell by $3.6 million to $33.4. (They opened 7 new stores in the quarter, which added $6.6 million in sales.) EBITDA fell as well, at $72.7 million, down $5.2 million. Same-store sales dropped 3 percent in the quarter. CEO Max Roberts said in the release, “This fall rush period was negatively […]
