After an internal investigation delayed the announcement of their year-end results, Barnes & Noble Education gave a preliminary report of estimated sales for their fiscal year 2025, which ended May 3, and the first half of fiscal year 2026, which ended November 1. They also recalculated financial information from fiscal 2024. Shares were up sharply first thing this morning, rising more than 36 percent as the company closes this chapter of uncertainty, though even with that gain the stock is down 10 percent year-to-date. The investigation found that a payment processing employee “made unsupported manual journal entries that improperly reduced […]
