Barnes & Noble Education Reports Net Loss of $25 Million for the Year Ending January 28, 2023
Company's Revenue Increases to $1.3 Billion, Driven by Product Sales and Rental Income
Barnes & Noble Education, Inc. (BNED), a leading provider of educational pro ducts and services, has announced its financial results for the year ending January 28, 2023. Despite an increase in revenue driven by product sales and rental income, the company reported a net loss of $25.0 million. Let's delve deeper into the financial statements to gain a comprehensive understanding of BNED's performance.
Financial Statements Overview
BNED's condensed consolidated statements of operations reveal that the company achieved total sales of $1.3 billion during the 39-week period ending January 28, 2023. This represents an increase of 4.7% compared to the same period in the previous year when total sales amounted to $1.3 billion.
Net Loss and Loss per Share
