Barnes & Noble Education (BNED) Revenue — Quarter Ended Oct 28, 2023
Revenue for the quarter increased substantially from the preceding quarter but declined compared to the same quarter last year.
Key takeaway
Quarter ended Oct 28, 2023 · FY2024 Q2
Revenue for the quarter increased substantially from the preceding quarter but declined compared to the same quarter last year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$569.7M
Revenue reported for this quarter.
Quarter-over-quarter
+125.5%
Change from the immediately preceding quarter.
Year-over-year
-6.4%
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 |
|---|---|---|
| Jan 28, 2023 | $438.1M | +8.8% |
| Apr 29, 2023 | $241.8M | -3.7% |
| Jul 29, 2023 | $252.7M | -0.8% |
| Oct 28, 2023 | $569.7M | -6.4% |
Revenue performance
The company's top line improved sequentially, reflecting typical seasonal patterns, yet remained below the prior year's level.
Quarterly comparison
Compared to the immediate prior quarter, revenue grew strongly. However, year-over-year, revenue contracted by a mid-single digit percentage.
What to watch
The trajectory of revenue in the upcoming quarters will be key to assess the sustainability of the current performance.