After a completing complicated refinancing plan, Barnes & Noble Education released earnings for the fourth quarter and full year ended April 27, 2024. Results were in line with their preliminary report from May: For the year, sales were up 1.6 percent to $1.57 billion, owing to major growth in the First Day Complete business, and offset by the closing of several store locations. Net loss was $(62.5) million, compared to $(90.1) million the previous year. Adjusted EBITDA was $45.2 compared to a loss of $(8.1) million in 2023. The company said in a release that “due to vendors tightening payable […]
