More than tripling to $49.7 million from $24.9 million a year ago, Barnes & Noble Education (BNED, Financials) announced a significant rise in net income for the second quarter of fiscal year 2025. After reporting these numbers, BNED's shares rose by double digits, up around 11.4%. At the time of writing, the stock was trading for
The business stated the improvements may be ascribed to decreased restructuring costs, better operational income, and less interest payments.
Income from the BNC First Day events increased 18% year over year to $235 million. Compared to 800,000 the previous year, the First Day Complete program grew to 183 campus shops servicing about 925,000 students.
Mostly from the net closure of 109 underperforming physical and virtual sites, total revenue for the quarter dropped 1.4% to $602.1 million. But total comparable store sales grew by $24.4 million, or 3.8%, offsetting some of the losses from closed stores.
BNED turned $34 million in existing debt into equity and obtained $95 million fresh equity capital earlier this year. The firm has changed and expanded its asset-based lending program, therefore lowering yearly interest rates and increasing financial flexibility.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。