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.