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BNED to Drop Stores That Don’t Bundle Course Materials

March 10, 2023
By Katy Hershberger

Barnes & Noble Education announced results for the third quarter ended January 28, with sales of $447 million, up 11 percent from $403 million last year. Net loss was $25 million, down from a loss of $36.8 million in 2022. These improvements are tempered by the fact that results are still down from pre-pandemic earnings, which were falling even then. (For comparison, sales for the same quarter in 2020 were $502 million, $550 million in 2019, and $603 million in 2018.) In a call with investors on Thursday, ceo Michael Huseby said that First Day Complete, a program that bundles […]

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Filed Under: Earnings Reports

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