After an eventful summer which included a delayed full-year SEC filing, renegotiated loans to narrowly avoid collapse, and two new board members to oversee “strategic options,” Barnes & Noble Education announced results for the first quarter of fiscal year 2024, ended July 29 (which is typically a soft quarter for the company). Sales for the quarter were $264.2 million, up from $254.7 million last year (remember: sales for the same quarter in fiscal 2019 were $338 million). Net loss was $(50.4) million, compared to $(52.7) million, and gross profit was $50.6 million, down from $56.0 million. In the retail segment, […]
