Barnes & Noble Education, Inc. (BNED) reported a third quarter loss per share $0.96 compared to a loss of $0.04, prior year. Consolidated non-GAAP adjusted loss was $25.6 million, compared to a loss of $0.7 million.

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Barnes & Noble Education, Inc. (BNED) reported a third quarter loss per share $0.96 compared to a loss of $0.04, prior year. Consolidated non-GAAP adjusted loss was $25.6 million, compared to a loss of $0.7 million.

RTTNews | Mar 9, 2021 08:31AM EST

08:30 Tuesday, March 9, 2021 (RTTNews.com) - Barnes & Noble Education, Inc. (BNED) reported a third quarter loss per share $0.96 compared to a loss of $0.04, prior year. Consolidated non-GAAP adjusted loss was $25.6 million, compared to a loss of $0.7 million.

Third quarter consolidated sales were $411.6 million, down 18.1% from prior year period.

Barnes & Noble Education expects to generate positive non-GAAP adjusted EBITDA in fiscal 2022. The company expects non-GAAP adjusted EBITDA to approach annual pre-COVID levels in fiscal 2023.

Read the original article on RTTNews ( https://www.rttnews.com/3176008/barnes-noble-education-posts-wider-loss-in-q3.aspx)

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