Barnes & Noble Education Second Quarter 2023 Earnings: Misses Expectations
Barnes & Noble Education (NYSE:BNED) Second Quarter 2023 Results
Key Financial Results
Revenue: US$617.1m (down 1.6% from 2Q 2022).
Net income: US$22.1m (down 1.4% from 2Q 2022).
Profit margin: 3.6% (in line with 2Q 2022).
EPS: US$0.42 (down from US$0.43 in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Barnes & Noble Education Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) also missed analyst estimates by 45%.
Looking ahead, revenue is forecast to grow 1.8% p.a. on average during the next 2 years, compared to a 5.9% growth forecast for the Specialty Retail industry in the US.
Performance of the American Specialty Retail industry.
The company's shares are down 40% from a week ago.
Be aware that Barnes & Noble Education is showing 4 warning signs in our investment analysis that you should know about...
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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