BARNES & NOBLE EDUCATION Reports Positive First Quarter Earnings for FY2024
September 8, 2023
☀️Earnings Overview
BARNES & NOBLE EDUCATION ($NYSE:BNED) released their first quarter FY2024 earnings results on July 31 2023, ending September 6 2023. Their total revenue was USD 264.2 million, showing a small growth of 0.1% from the same period last year. Net income had an improvement of -50.4 million, compared to -52.7 million in the previous year’s quarter.
Stock Price
The opening stock price for the day was $1.3, but closed the day at $1.2, a decrease of 2.5% from the previous closing price of $1.2. BARNES & NOBLE EDUCATION has seen an increase in sales of digital textbooks and e-readers, which has contributed to a surge in profits over the past year. The company’s investments in technology and online services have also seen a positive return, allowing them to invest further into research and development. The company is confident that its investments will continue to pay off, resulting in more successes in the future.
They have plans to expand their reach into other markets and provide even more educational resources to students and educators around the world. As they continue to grow, BARNES & NOBLE EDUCATION is certain to remain a leader in the industry. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BNED. More…
| Total Revenues | Net Income | Net Margin |
| 1.55k | -99.54 | -5.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BNED. More…
| Operations | Investing | Financing |
| -2.46 | -4.06 | 10.07 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BNED. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.07k | 989.76 | 1.54 |
Key Ratios Snapshot
Some of the financial key ratios for BNED are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -3.6% | 14.3% | -4.0% |
| FCF Margin | ROE | ROA |
| -1.6% | -36.9% | -3.7% |
Analysis
GoodWhale has analyzed the financials of BARNES & NOBLE EDUCATION and has determined that the company has an intermediate health score of 4/10. This score takes into consideration the company’s cashflows and debt, allowing us to conclude that BARNES & NOBLE EDUCATION may be able to safely ride out any crisis without the risk of bankruptcy. Our analysis has further determined that BARNES & NOBLE EDUCATION is strong in asset, medium in profitability and weak in dividend, growth. Based on these factors, we have classified BARNES & NOBLE EDUCATION as an ‘elephant’, a type of company that is rich in assets after deducting off liabilities. Given this information, investors that may be interested in BARNES & NOBLE EDUCATION are those that prioritize asset strength and are looking for a long-term investment that is resilient to economic downturns. They should also prioritize profitability and look for ways to improve the company’s dividend and growth potential. More…
Peers
Its competitors, School Specialty Inc, Se-Education PLC, Kidswant Children Products Co Ltd, are also prominent players in the educational products and services industry, offering a range of services to schools and universities, as well as specialized products for children.
– School Specialty Inc ($OTCPK:SCOO)
Specialty Inc is an educational resource provider that offers a comprehensive suite of products and services to meet the needs of the education market. The company has a market cap of 702 as of 2022, which indicates that it is an established player in the industry. Its Return on Equity (ROE) of -51.81% shows that its shareholders are not enjoying the returns they should be getting from the company. This could be a result of the company’s inefficient use of capital or its inability to generate consistent profits from its operations.
– Se-Education PLC ($SET:SE-ED)
Se-Education PLC is a global provider of digital learning solutions. The company provides online educational resources and services to students, schools and universities across the world. As of 2022, Se-Education PLC had a market cap of 877.96M, indicating that investors value the company at this amount. The Return on Equity (ROE) of -0.23% indicates that the company has not been able to generate a positive return on its invested capital in the past year. This may be due to a variety of factors, including increased competition, weak demand for its products or services, or an inability to effectively scale its operations.
– Kidswant Children Products Co Ltd ($SZSE:301078)
Kidswant Children Products Co Ltd is a leading manufacturer of high quality children’s products. With a market cap of 14.33B as of 2022, the company has established itself as a leader in the industry. The Return on Equity of 5.27% reflects the company’s strong financial health and ability to generate profits from its investments. Kidswant Children Products Co Ltd is committed to providing parents with the most innovative and safe products for their children. The company continues to focus on research and development to ensure its products stay ahead of the competition.
Summary
Barnes & Noble Education reported a total revenue of USD 264.2 million for the first quarter of FY2024, with a modest 0.1% increase from the same period last year. Net income was -50.4 million, compared to -52.7 million in the corresponding quarter of FY2023. Investors will be watching to see if the company can continue to increase its revenues and reduce its losses, or if the current trajectory will remain stagnant or deteriorate further. It will be interesting to see if Barnes & Noble Education can turn its fortunes around in the coming quarters.
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