Barnes & Noble Education, Inc. (BNED)

In January 2026, BNED's shares surged after reporting a return to profitability with $6.7 million in net income for the first half of fiscal 2026, driven by growth in its BNC First Day program. In March 2025, the company reported strong Q3 financial results with a revenue increase of 2.1% to $466.3 million, primarily due to a 20.8% growth in BNC First Day programs. In December 2025, BNED reported Q4 2025 earnings per share (EPS) of -$2.91, missing analysts' expectations. In June 2024, shareholders approved equity and refinancing transactions, including a $95 million new equity capital infusion.

Barnes & Noble Education's business is highly seasonal, with the major portion of its sales and operating profit typically realized during the second and third fiscal quarters, aligning with the back-to-school periods for colleges and universities.

Barnes & Noble Education, Inc. (BNED) is a solutions provider for the education industry, serving higher education and K-12 markets. It operates physical and virtual bookstores for colleges, universities, and K-12 institutions in the US and Canada. BNED offers course materials, including new and used print textbooks, rentals, and digital textbooks, along with digital learning solutions, custom courseware, and school supplies. The BNC First Day and First Day Complete programs provide accessible and affordable course materials. The company also acts as a textbook wholesaler and offers inventory management hardware and software.

Barnes & Noble Education, Inc. serves over 6 million students across more than 700 college campuses and K-12 schools in the United States and Canada. As of fiscal year 2024, the company operated 1,245 physical and virtual stores and is headquartered in Florham Park, New Jersey.

In December 2025, an announcement regarding a "BNED Investigation: Investors Encouraged to Contact Kirby McInerney LLP" could indicate potential legal or financial scrutiny and negatively impact the company's brand reputation.

Barnes & Noble Education, Inc. has 166 institutional owners and shareholders, including Immersion Corp, Kanen Wealth Management LLC, BlackRock, Inc., and Vanguard Group Inc. Immersion Corp is a significant institutional holder, with 11,208,746 shares as of September 30, 2025. Institutional ownership accounts for 38.58% of the company, with Immersion Corp holding 32.91%. Individuals and insiders hold 5.46% of the shares.