Barnes & Noble Education, Inc. Reports Earnings Results for the Fourth Quarter Ended May 1, 2021
June 29, 2021 at 04:37 pm EDT
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Barnes & Noble Education, Inc. announced earnings results for the fourth quarter ended May 1, 2021. For the fourth quarter, the company announced total revenue was USD 222.778 million compared to USD 256.886 million a year ago. Operating loss was USD 59.292 million compared to USD 52.431 million a year ago. Net loss was USD 44.361 million compared to USD 40.333 million a year ago. Basic loss per share from continuing operations was USD 0.86 compared to USD 0.84 a year ago. For the full year, total revenue was USD 1,433.890 million compared to USD 1,851.063 million a year ago. Operating loss was USD 176.176 million compared to USD 42.783 million a year ago. Net loss was USD 131.787 million compared to USD 38.250 million a year ago. Basic loss per share from continuing operations was USD 2.65 compared to USD 0.8 a year ago.
Barnes & Noble Education, Inc. is a contract operator of physical and virtual bookstores for college and university campuses and K-12 institutions across the United States. The Company is also a textbook wholesaler, inventory management hardware and software provider, and a provider of digital education solutions. The Company's segments include Retail and Wholesale. The Retail Segment operates 1,366 college, university, and K-12 school bookstores, comprised of 774 physical bookstores and 592 virtual bookstores. The Wholesale Segment centrally sources, sells, and distributes new and used textbooks to approximately 3,000 physical bookstores, including its Retail segment's 774 physical bookstores and sources, and distributes new and used textbooks to its 592 virtual bookstores. Additionally, the Wholesale Segment sells hardware and a software suite of applications that provides inventory management and point-of-sale solutions to approximately 340 college bookstores.
BARNES & NOBLE EDUCATION, INC. 
