RSS   Newsletter   Contact   Advertise with us
Post Online Media
Barnes & Noble Education   Consolidated sales were $355.7 million

Barnes & Noble Education Q1 consolidated net loss $34.8 million

Barnes & Noble EducationBarnes & Noble Education reported sales and earnings for the first quarter for fiscal 2018.

As a result of the acquisition of MBS Textbook Exchange (MBS) on February 27, 2017, the condensed consolidated financial statements for the 13 weeks ended July 29, 2017 is the first reporting period to include the financial results of MBS for a full reporting period.

Article continues below

READ MORE Barnes & Noble saw all sales going down in Q1 2017

All material intercompany accounts and transactions have been eliminated in consolidation. The condensed consolidated financial statements for the 13 weeks ended July 30, 2016 exclude the financial results of MBS.

The first quarter results of company's two segments, Barnes & Noble College Booksellers (BNC) and MBS are consistent with the historical seasonality trends and the Company's expectations.

Consolidated sales of $355.7 million increased by $116.5 million, or 48.7%, as compared to prior year period.

BNC comparable store sales decreased 2.5% in the quarter, as compared with a decrease of 2.8% in the prior year period.

Consolidated net loss was $34.8 million, as compared with a net loss of $27.9 million in the prior year period.

Non-GAAP Adjusted EBITDA improved by $4.1 million to $(32.4) million, from $(36.5) million in the prior year period.

Non-GAAP Adjusted Earnings of $(29.8) million, as compared to $(25.9) million in the prior year period.




What to read next



 
 

We use cookies to ensure that we give you the best experience on our website. Please allow cookies for fully-functioning website.

Allow Cookies Privacy Policy