BNED Q1 revenue up 0.8% to $290.6M; net loss narrows 29.3% to -$12.9M

Filed September 8, 2026 · Period ending August 1, 2026 · Compared to 10-Q Jan 20, 2026 · ~1 min read

Key Changes

• high

  Revenue rose 0.8% to $290.6M, a sharp slowdown growth a year ago, as First Day Complete growth decelerated to 23.5% and store closures doubled to 88.

  MD&A: Revenue verify on EDGAR →
• high

  Net loss improved 29.3% to $12.9M, and operating loss narrowed 26% to $17.3M, but material weaknesses in internal controls persist.

  MD&A: Profitability verify on EDGAR →
• high

  Store closures more than doubled to 88 from 42, with 40 tied to two multi-campus contracts, signaling significant account losses or proactive exits.

  MD&A: Store Count verify on EDGAR →