Barnes & Noble Education (BNED) Revenue — Quarter Ended Jan 27, 2024
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continuation of the downward trend observed in recent periods.
Key takeaway
Quarter ended Jan 27, 2024 · FY2024 Q3
Revenue for the quarter declined compared to both the immediately preceding quarter and the same quarter one year earlier. The decrease reflects a continuation of the downward trend observed in recent periods.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$415.4M
Revenue reported for this quarter.
Quarter-over-quarter
-27.1%
Change from the immediately preceding quarter.
Year-over-year
-5.2%
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 |
|---|---|---|
| Apr 29, 2023 | $241.8M | -3.7% |
| Jul 29, 2023 | $252.7M | -0.8% |
| Oct 28, 2023 | $569.7M | -6.4% |
| Jan 27, 2024 | $415.4M | -5.2% |
Revenue performance
The reported revenue fell sequentially and also dropped from the prior-year period. The sequential decline was steeper than the year-over-year decrease.
Quarterly comparison
Compared with the prior quarter, revenue contracted significantly. Versus the same quarter last year, revenue was lower, though the decline was less pronounced than the sequential drop.
What to watch
The company's ongoing shift toward inclusive access programs, as highlighted in the filing, may continue to shape revenue patterns.