Barnes & Noble Education reports 1H revenue $932.6M vs. $865.5M last year

Gross Comparable Store Sales increased by $54.4M, or 6.0%, year-over-year. Revenues from BNC First Day programs increased by $91.7M, or 29.0%, year-over-year, as First Day Complete continues to see strong growth in institutional adoption. A total of 224 campus stores utilized First Day Complete in the fall 2025 academic term with a total enrollment of approximately 1.1M undergraduate and graduate students, up 22.2% from 0.9M in the prior year. Net income for the first half of fiscal 2026 was $6.7M compared to a net loss of $60.8M in the prior year. Adjusted EBITDA for the first half of fiscal 2026 was $38.3M, an increase of $4.4M, from the $33.9M in the first half of the prior fiscal year. “Building on the accelerating success of our BNC First Day program, we continue to drive improved Adjusted EBITDA and strengthen our balance sheet by reducing our net debt,” commented Jonathan Shar, CEO. “With the filing of our first and second quarter 10-Qs, we are now current with our SEC reporting. The continued expansion of the First Day Complete enrollment, combined with solid comparable store sales growth and disciplined expense management, position us for continued success going forward. We are looking forward to hosting an Investor Day in the coming months. We will share more details when we report our fiscal third quarter results.”