Barnes & Noble Education announced fourth quarter earnings, with sales of $256.9 million, down from $334.4 last period, a decline of 23.2 percent. Retail, by far BNED’s largest segment, was heavily hit as COVID shut down campuses nationwide, while sales in the much smaller wholesale and digital student solutions increased. Net loss was $(40.3) million, compared to a net loss of $(46.2) million in the prior year period. Both the quarter and year were a week longer than the comp year. For the fiscal year, sales were $1.85 billion, down from $2.04 billion, or 9 percent. Net loss was $(38.3) […]
