Barnes & Noble Education, Inc. (BNED), which operates college bookstores, said its first‑quarter fiscal 2027 net loss narrowed thanks to higher revenue.
For the quarter ended August 1, BNED recorded a net loss of $12.9 million, or $0.37 per share, versus $18.3 million, or $0.54 per share, a year earlier. After excluding special items, the loss was $13.1 million, down from $15.8 million in the prior year.
Operating loss improved to $17.3 million from $23.2 million a year ago. Total sales rose to $290.6 million, up slightly from $288.2 million the prior year. The revenue gain was driven mainly by expansion of the BNC First Day initiative, which generated $124.7 million—9 percent more than last year.
For fiscal 2027, BNED reaffirmed its adjusted EBITDA forecast of $85 million to $92 million and expects continued improvement in net‑income profitability. The company also projects capital spending of roughly $20 million.
In fiscal 2026, the company posted adjusted EBITDA of $76.5 million.
After‑hours trading on the NYSE saw BNED slip 1.9 percent to $12.02.
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