Barnes & Noble Education Q4 Revenues Dip 4%, Plans Cost Reduction To Boost Margins
Portfolio Pulse from Nabaparna Bhattacharya
Barnes & Noble Education, Inc (BNED) reported Q4 FY23 revenues of $241.85 million, missing the consensus of $251.44 million, a 3.7% Y/Y decrease. The company's adjusted EPS loss of ($0.69) beat the consensus of ($0.80) loss. BNED plans to implement cost reduction initiatives to boost margins and expects profitable growth in fiscal 2024 and beyond. BNED shares are trading lower by 3.66% to $1.58 premarket.
August 04, 2023 | 3:37 pm
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Barnes & Noble Education's Q4 FY23 revenues missed consensus, but the company plans cost reduction initiatives to boost margins. Shares are trading lower premarket.
Barnes & Noble Education's Q4 FY23 revenues fell short of the consensus, indicating a weaker than expected financial performance. This could negatively impact investor sentiment, leading to a decrease in the company's stock price. However, the company's plans for cost reduction initiatives to boost margins could potentially offset some of this negative impact in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100