• Skip to main content
  • Skip to primary sidebar
  • Login
  • Register
Publishers Lunch logo Publishers Lunch logo
  • Publishers Marketplace
  • Site Guide
  • Help
Login Sign Up
  • Personnel
  • AI
  • Compensation
  • Unions
  • Book Bans
  • New Releases
  • Earnings
  • The Trial
  • Archives
Publishers Lunch logo
  • Publishers Marketplace
  • Site Guide
  • Help
  • Publishers Marketplace
  • Site Guide
  • Help

August 30, 2017By Michael Cader

After Bigger Than Expected Loss, Barnes & Noble Education Shares Sink to New Low

August 30, 2017By Michael Cader

It’s been a tough competition to see which branch of the divided Barnes & Noble can register the most disappointing performance, with Barnes & Noble Education taking the lead in reporting disappointing first quarter fiscal 2018 earnings. The consolidated net loss grew to $34.8 million, or 75 cents a share, compared to a loss of $27.9 million a year ago — and against analysts’ expectations of a loss of 55 cents a share. In early Wednesday trading, shares are down more than 15 percent as a result to a new all-time low of about $5.75 a share. That puts their market capitalization at about $265 million, over 60 percent below where the company stood when it was spunoff as a separate entity in July 2015.

Same-store sales fell 2.5 percent, “in line with expectations” and “primarily attributable to textbook sales, which were down 8.5 percent.” Comp sales are”projected to decline in the low- to mid-single digit percentage point range year over year.” First quarter sales of $355.7 million were up considerably, gaining $116.5 million, “primarily due to the MBS acquisition,” and they opened 24 new physical stores during the period.

The retirement of ceo Max Roberts means they paid him $4.4 million in salary, bonus and benefits, plus a “one-time cash transition payment” of $500,000 — with another transition payment of $300,000 to new ceo Mike Huseby.
Release

Filed Under: Booksellers, Earnings Reports, Free

sidebar

Primary Free Sidebar

Login

Forgot Password Quick Pass User Login
Get Full Access
The Publishing Industry’s Essential Daily Read

Each Publishers Lunch Deluxe subscription includes full access to our searchable multi-year archive of industry news, a nightly email reporting 10 to 50 deal transactions, and our database of industry contacts, scripts, and posting privileges.

Learn More

RSS Automat

  • Spotify Adds Plans for Individuals and Family Groups to Add On Another 15 Hours of Paid Audiobook Listening July 17, 2025 Press release
  • New Hampshire Governor Kelly Ayotte Vetoes School Book Banning Bill July 16, 2025 NHPR
  • The WSJ on Scholastic's Turnaround Efforts July 15, 2025 WSJ
  • Fourth Wing Coloring Book and Calendar to be Published by Andrews McMeel July 15, 2025 Press release
  • Nielsen Successor (And Owner of Nielsen Bookscan) NIQ Files for IPO, Raising Over $1 Billion on a $7.25 Billion Value July 14, 2025 Reuters
  • Sally Kim Discusses Working at Each of the Big 5 July 10, 2025 Open Book Podcast
  • Authors Write An Open Letter to Publishers Against AI July 1, 2025 Lit Hub
  • Pearson and Google Partner on AI Tools June 27, 2025 Press Release
  • Author of "Life as We Knew It," Among 76 Books of "Complex Stories for Young Adults" Susan Beth Pfeffer Dies at 77 June 26, 2025 NYT
  • Why Man Not Read Fiction We Think Should? IDK -- Let's Ask A Tourist Bookstore June 26, 2025 NYT
Publishers Marketplace logo

Contact Us

News

  • Publishers Marketplace
  • Report News
  • Discuss
  • Classifieds
  • Rights Offerings

Deals

  • Report A Deal

Books

  • Buzz Books

Jobs

  • Job Board
  • Privacy Policy Terms of Use