Barnes & Noble Education, Inc. - Form 8-K Filing

Barnes & Noble Education, Inc. (BNED) filed a Form 8-K on December 23, 2025, announcing its financial results for the fiscal fourth quarter and full year ended May 3, 2025. The company reported full-year revenue of $1.6 billion, a 2.7% increase year-over-year, with comparable store sales up 7.5%. BNC First Day program revenues surged by 25.3%. The net loss from continuing operations for fiscal 2025 was $65.8 million, an improvement from the $75.0 million restated net loss in the prior year. Adjusted EBITDA increased to $59.4 million from $36.7 million in the prior fiscal year. Total net debt decreased significantly to $94.0 million. The company reiterated its fiscal 2026 outlook, expecting top-line growth and Adjusted EBITDA between $65 million and $75 million. BNED also announced the filing of its "Super 10-K," which includes restated prior financial results, and expects to file its subsequent quarterly reports shortly.