Barnes & Noble Education shares rise on higher Q2 net income guidance
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Contributor since / Followers
4 weeks ago
- Barnes & Noble Education (NYSE:BNED) expects second quarter revenue to be ~ flat Y/Y, while operating 109 fewer physical and virtual stores.
- Net income is expected to be in the mid to high $40M range, an anticipated increase by mid-70% to mid-90% Y/Y, driven by comparable store top-line growth and continued improvements in cost management.
- Adjusted EBITDA is expected to increase in the mid to high $10M range to the mid to high $60M range.
- The company will share Q2 results in the beginning of December 2024.
- Shares of Barnes moved up over 9% on Friday.
- Source: Press Release