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Barnes & Noble Education (BNED) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Mar 10, 2025
Barnes & Noble Education (BNED) reported revenue of $463M for the third quarter fiscal 2025 (Q3 FY25), +1% from a year earlier and -23% from the quarter before. Operating margin was 4.9%, net earnings $7.1M (1.5% of revenue).
Barnes & Noble Education, Q3 FY25: revenue $463M (+1% year over year), operating margin 4.9%, net earnings $7.1M, operating cash flow −$41.9M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $463M | -23% | +1% |
| Gross profit | $93.8M | -32% | -7% |
| Operating profit | $22.9M | -59% | 25× |
| Net earnings | $7.1M | -86% | — |
| Operating cash flow | −$41.9M | — | — |
What changed
Revenue was $462.8M in Q3 FY25, up 1% year over year and down 23% from the previous quarter.
Gross margin was 20.3%, down 1.8 points from a year earlier. Operating profit was $22.9M, a 4.9% margin (up 4.7 points year over year). Of the extra revenue versus a year earlier, 357% reached operating profit, above the 0% margin then. Operating expenses fell 29% while revenue rose 1%. Net earnings were $7.1M. The effective tax rate was 60.0%.
Operating cash flow was −$41.9M. Non-cash charges added back $7.8M of depreciation and amortization and $2.6M of share-based compensation. Working capital and other items used $59.4M. Capital expenditures of $2.8M exceeded it, leaving free cash flow of −$44.7M.
Questions
What was Barnes & Noble Education's revenue in the third quarter fiscal 2025?
Barnes & Noble Education (BNED) reported revenue of $463M for the third quarter fiscal 2025 (Q3 FY25), +1% from a year earlier and -23% from the quarter before.
Was Barnes & Noble Education profitable in the third quarter fiscal 2025?
Operating profit was $22.9M (4.9% of revenue) and net earnings $7.1M.