Why Are Barnes & Noble Education Shares Trading Lower Today
Barnes & Noble Education Inc (NYSE:BNED) reported a third-quarter FY22 sales decline of 2.1% year-on-year, to $402.8 million, missing the consensus of $433.79 million. Retail segment gross comparable store sales increased 8.4%, and retail sales fell 3.3%. Wholesale sales decreased by 6.1%. Gross profit rose 23.2% Y/Y to $87 million with a margin…
Benzinga ·
Benzinga
