Barnes & Noble Education started their fiscal 2023 by doing what unfortunately they do best: Losing more money than expected. In the seasonally soft quarter, sales of $264 million were up from $241 million a year ago, but still well behind pre-pandemic levels of $338 million in fiscal 2019. The net loss of ($52.7 million) was worse than last year’s net loss of ($43.6 million), and their worst loss for this quarter in at least the last six years. Retail sales of 236.5 million rose $26 million, mostly on merchandise and café and convenience food product sales, rather than textbooks. […]
