March 1, 2018 / 12:41 PM / 7 months ago

BRIEF-Barnes & Noble Education Reports Q3 Loss Per Share $6.04

March 1 (Reuters) - Barnes & Noble Education Inc:

* BARNES & NOBLE EDUCATION REPORTS THIRD QUARTER 2018 FINANCIAL RESULTS

* Q3 SALES ROSE 15.7 PERCENT TO $603.4 MILLION

* FOR FISCAL YEAR 2018, COMPANY CONTINUES TO EXPECT SALES AT BNC TO BE RELATIVELY FLAT

* CONTINUED TO RECOGNIZE BENEFITS OF SYNERGIES AND INTEGRATION OF MBS, WITH $138.9 MILLION OF SALES IN Q3

* BARNES & NOBLE EDUCATION - FOR 2018, BNC COMPARABLE STORE SALES ARE PROJECTED TO DECLINE IN MID-SINGLE DIGIT PERCENTAGE POINT RANGE YEAR OVER YEAR

* CONTINUES TO EXPECT 2018 CONSOLIDATED SALES TO BE IN RANGE OF $2.25 BILLION TO $2.35 BILLION BEFORE INTERCOMPANY ELIMINATIONS

* COMPARABLE STORE SALES AT BNC DECREASED 6.2% FOR QUARTER

* BARNES & NOBLE EDUCATION - RAISING CONSOLIDATED ADJUSTED EBITDA GUIDANCE, EXPECTS TO ACHIEVE CONSOLIDATED ADJUSTED EBITDA OF $115 MILLION TO $125 MILLION FOR 2018

* SEES 2018 CAPITAL EXPENDITURES TO BE APPROXIMATELY $45 MILLION

* QTRLY NET LOSS INCLUDES PRE-TAX GOODWILL NON-CASH IMPAIRMENT CHARGE OF $313.1 MILLION AT BNC Source text for Eikon: Further company coverage: (Reuters.Brief@thomsonreuters.com)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below