Barnes & Noble Education released only preliminary results for their second quarter ended October 26, historically their biggest and most profitable period. Sales are expected to be “approximately flat” — compared to a weak performance a year ago, when they reached $617 million (down from $627 million the prior year and well below pre-pandemic levels of $772 million in 2019). They estimate net income registered between $44 million and $49 million, compared to $25 million last year, “driven by comparable store top-line growth and continued improvements in cost management.” After a first quarter loss of $(99.5) million, the company is […]
