BNED
Barnes & Noble Education, Inc.8.66
+0.04+0.46%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
294.91MP/E (TTM)
-Basic EPS (TTM)
-12.10Dividend Yield
0%Recent Filings
8-K
8-K
Delays Q1 10-Q filing
Barnes & Noble Education filed a Form 12b-25 on September 12, 2025, delaying its Q1 fiscal 2026 10-Q due to an ongoing Audit Committee investigation into digital sales cost recording, which also necessitates restating prior financials from fiscal 2024 and early 2025. Total sales rose 9.5% to $288.6 million, while BNC First Day revenue surged 40.5% to $114.3 million, unaffected by the probe. Net debt dropped $51.0 million to $162.7 million. Delays risk extended uncertainty.
8-K
Financial restatement announced
Barnes & Noble Education's board deemed financial statements for fiscal 2024 and interim 2025 periods unreliable due to errors in digital sales cost recording and improper revenue recognition, stemming from a suspended employee's actions. Adjustments include a $5.7 million cost of sales increase for fiscal 2024 and a $3.5 million sales reversal in Q3 2025, yet fiscal 2025 sales hit $1.61 billion—up $40.5 million year-over-year—with net debt dropping to $94.0 million. The company anticipates material weaknesses in controls and plans restatements in its upcoming 10-K. Investigation ongoing.
8-K
NYSE noncompliance notice issued
Barnes & Noble Education received an NYSE noncompliance notice on August 4, 2025, for delaying its Form 10-K filing due to an ongoing audit committee internal investigation that stalled financial reporting for the fiscal year ended May 3, 2025. The notice grants six months from August 1, 2025, to file and regain compliance, with no immediate impact on its stock listing. Delays stem from the probe's scope. Yet risks like further accounting issues could prolong uncertainty.
8-K
Accounting probe delays 10-K
Barnes & Noble Education disclosed an ongoing internal investigation into potential accounting irregularities in digital sales cost recording, possibly overstating accounts receivable by up to $23 million as of May 3, 2025, stemming from a suspended employee's actions. Despite this, fiscal 2025 sales rose $40.5 million to $1.61 billion, BNC First Day revenue surged 25.3% to $593.8 million, and net debt dropped $91.8 million to $94 million. The probe delays the 10-K filing. Controls failed.
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