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June 21, 2018By Michael Cader

BNED, However, Ends The Year On A Positive Track

June 21, 2018By Michael Cader

Separately, Barnes & Noble Education reported fourth quarter and full fiscal year sales after the close of the market on Wednesday. Fourth quarter sales of $358 million were up 4.3 percent, and full year sales of $2,204 million were 17.6 percent higher — both due to the acquisitions of MBS in February 2017 and Student Brands in August 2017. Net income in the fourth quarter was $17.1 million, but the full-year net loss was $(253) million due to the big impairment charge they took in March. Adjusted EBITDA of $22.2 million, was $3.4 million in the fourth quarter; full year 2018 […]

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Filed Under: Booksellers, Earnings Reports

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