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DividendJun 24, 2026, 04:31 PM

Barnes & Noble Education Declares $0.08 Quarterly Dividend; FY26 Results

AI Summary

Barnes & Noble Education announced preliminary, unaudited financial results for fiscal year ended May 2, 2026, projecting net income between $15 million and $18 million and Adjusted EBITDA between $75 million and $77 million, a significant increase from the prior year. The Board of Directors also approved its first quarterly dividend of $0.08 per share, payable on July 30, 2026. Additionally, the company will host a virtual Investor Day on June 25, 2026, and has set the 2026 Annual Meeting of Stockholders for September 24, 2026.

Key Highlights

  • Board approved first quarterly dividend of $0.08 per share, payable July 30, 2026.
  • FY26 preliminary net income expected between $15 million and $18 million, up from $(65.8) million loss.
  • FY26 preliminary Adjusted EBITDA expected between $75 million and $77 million, a 26% to 30% increase.
  • FY26 preliminary revenue expected between $1.710 billion and $1.720 billion.
  • First Day® program revenues estimated to increase 27% to 28% in FY26.
  • Total debt at year-end FY26 expected to be $71.0 million, a 33% year-over-year decrease.
  • FY27 Adjusted EBITDA targeted between $85 million and $92 million.
  • 2026 Annual Meeting of Stockholders scheduled for September 24, 2026.