Barnes & Noble Education (BNED) Revenue — Quarter Ended Apr 29, 2023
Revenue declined in the most recent quarter. The decrease was steep compared to the prior quarter and moderate compared to the same quarter a year earlier.
Key takeaway
Quarter ended Apr 29, 2023 · FY2023 FY
Revenue declined in the most recent quarter. The decrease was steep compared to the prior quarter and moderate compared to the same quarter a year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$241.8M
Revenue reported for this quarter.
Quarter-over-quarter
-44.8%
Change from the immediately preceding quarter.
Year-over-year
-3.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$1.5B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jul 30, 2022 | $254.7M | +9.5% |
| Oct 29, 2022 | $608.6M | -4.2% |
| Jan 28, 2023 | $438.1M | +8.8% |
| Apr 29, 2023 | $241.8M | -3.7% |
Revenue performance
The quarterly revenue dropped sharply from the preceding quarter, reflecting a substantial sequential decrease. Compared with the same quarter one year earlier, revenue also fell, though the decline was more modest.
Quarterly comparison
The decrease from the prior quarter was more pronounced than the year-over-year decline. The trailing twelve-month revenue level indicates the company's annual scale.
What to watch
The sequential revenue trend warrants monitoring given the magnitude of the quarter-over-quarter drop.