Barnes & Noble Education reports preliminary FY25 revenue $1.6B

Full-year preliminary revenue in fiscal 2025 is expected to be $1.6 billion, an increase of $40.8 million, or 2.6%, over the prior year. Gross Comparable Store Sales are expected to increase by $116.9 million, or 7.5%, year-over-year. Revenues from BNC First Day programs are expected to increase by $119.9 million, or 25.3%, year-over-year, as First Day Complete continues to see strong growth in institutional adoption. A total of 191 campus stores utilized First Day Complete in the spring 2025 academic term with a total enrollment of approximately 957,000 undergraduate and graduate students, up 19.0% from 803,000 in the prior year. Full-year fiscal 2025 net loss is expected to be in the $(68.0) to $(62.0) million range compared to an expected net loss in the $(78.0) to $(72.0) million range in the prior year. The fiscal 2025 net loss includes a $55.2 million non-cash loss related to the extinguishment of debt. Adjusted EBITDA for fiscal 2025 is expected to range from $55.0 to $63.0 million, an increase of $15.0 to $29.0 million, from the $34.0 to $40.0 million range in the prior fiscal year.