Barnes & Noble Education Says FY23 Non-GAAP Adjusted EBITDA From Cont Ops Is Below Its Guidance Due To Lower Than Expected Q4 Revenue & Lower Gross Profits
Portfolio Pulse from Benzinga Newsdesk
Barnes & Noble Education's FY23 non-GAAP Adjusted EBITDA from continuing operations is below guidance due to lower than expected Q4 revenue and lower Q4 gross profits, caused by a shift from physical textbooks to lower-margin digital course materials.
May 31, 2023 | 8:29 pm
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Barnes & Noble Education's stock may be negatively impacted by lower than expected FY23 non-GAAP Adjusted EBITDA from continuing operations, due to lower Q4 revenue and gross profits.
Barnes & Noble Education's FY23 non-GAAP Adjusted EBITDA from continuing operations is below guidance, which is a key financial metric for investors. Lower than expected Q4 revenue and gross profits, caused by a shift from physical textbooks to lower-margin digital course materials, may lead to negative sentiment among investors and put downward pressure on the stock price in the short term.
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