Form 8-K

8-K — Barnes & Noble Education, Inc.

Accession: 0001634117-26-000090

Filed: 2026-09-08

Period: 2026-09-08

CIK: 0001634117

SIC: 5940 (RETAIL-MISCELLANEOUS SHOPPING GOODS STORES)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — bned-20260908.htm (Primary)

EX-99.1 (exhibit991-fy27ytdq1earnin.htm)

EX-99.2 (exhibit992-20260802q1fy27e.htm)

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XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: bned-20260908.htm · Sequence: 1

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 8, 2026

BARNES & NOBLE EDUCATION, INC.

(Exact name of registrant as specified in its charter)

Delaware 1-37499 46-0599018

(State or other jurisdiction of Incorporation) (Commission File Number) (IRS Employer Identification No.)

180 Park Avenue, Suite 301,

Florham Park, NJ

07932

(Address of principal executive offices) (Zip Code)

(908) 991-2665

(Registrant’s telephone number, including area code)

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

□ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

□ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading symbol(s) Name of each exchange on which registered

Common Stock, $0.01 par value per share BNED New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company □

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. □

Item 2.02 Results of Operations and Financial Condition.

On September 8, 2026, Barnes & Noble Education, Inc. (the “Company”) issued a press release announcing its financial results for the fiscal quarter ended August 1, 2026 (the “Press Release”). A copy of the Press Release is furnished as Exhibit 99.1 hereto. The Company's financial statements and non-GAAP reconciliation tables are furnished as Exhibit 99.2 hereto.

The information in this Form 8-K and the Exhibit attached hereto pertaining to the Company’s financial results shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements and Exhibits.

Exhibit No. Description

99.1

Press Release of Barnes & Noble Education, Inc., dated September 8, 2026.

99.2

Financial Statements and Non-GAAP Reconciliation Tables, dated September 8, 2026

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: September 8, 2026

BARNES & NOBLE EDUCATION, INC.

By: /s/ Jason Snagusky

Name: Jason Snagusky

Title: Chief Financial Officer

(principal financial officer)

EX-99.1

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Document

EXHIBIT 99.1

Barnes & Noble Education Reports Fiscal 2027 First Quarter Financial Results

Quarterly Results Reflect Improved Profitability, First Day® Complete Growth and Continued Balance Sheet Progress

Net Income (Loss) Improves 29% and Adjusted EBITDA Improves 19% Year-Over-Year

Fall 2026 First Day® Complete Expected to Reach More Than 1.43 Million Students, 26% More than Fall 2025

Company Reiterates Fiscal 2027 Outlook

Florham Park, NJ, September 8, 2026 - Barnes & Noble Education, Inc. (NYSE: BNED) (“Barnes & Noble Education,” “BNED,” “the Company,” “we,” “us,” or “our”), a leading solutions provider for the education industry, today reported financial results for the fiscal first quarter ended August 1, 2026.

During the first quarter, the Company delivered year-over-year improvement across its key operating and financial measures, including revenue, comparable store sales, BNC First Day® revenue, net income (loss), and Adjusted EBITDA, while further strengthening its balance sheet. Barnes & Noble Education’s business is highly seasonal, with the majority of sales and operating profit typically realized during the second and third fiscal quarters, reflecting the fall and spring academic terms.

“We began fiscal 2027 on plan, with continued momentum across the business and year-over-year improvement across each of our key operating and financial measures,” commented Jonathan Shar, Chief Executive Officer. “These results reflect the continued progress of our strategy and the disciplined execution of our teams.”

“Importantly, the momentum in First Day® Complete continues to build as more institutions recognize the value of improving the affordability, access and convenience of course materials for their students,” continued Shar. “We are excited about the continued growth of First Day® Complete this fall and the opportunity to deepen our partnerships with colleges and universities and demonstrate our ability to deliver solutions that support their broader institutional priorities.”

Mr. Shar continued, “As we enter the important fall semester, we are encouraged by the growth we are seeing in First Day® Complete and remain confident in our outlook for fiscal 2027. We are focused on translating that momentum into continued growth in profitability, stronger cash generation and further improvements in our balance sheet.”

Fiscal 2027 First Quarter Financial Results

Revenue for the first quarter of fiscal 2027 was $290.6 million, an increase of $2.4 million, or 0.8%, compared with $288.2 million for the first quarter of fiscal 2026. Gross comparable store sales increased by $10.7 million, or 3.7%, year-over-year. The increase in revenue was primarily driven by growth in BNC First Day® programs, partially offset by the impact of store closures, including exits from certain less profitable locations.

Revenue from BNC First Day® programs increased by $10.3 million, or 9.0%, year-over-year to $124.7 million.

Net loss for the first quarter of fiscal 2027 was $12.9 million, a 29.3%, improvement compared to a net loss of $18.3 million in the prior-year period. Adjusted EBITDA improved by $2.2 million, or 18.9%, to a loss of $9.3 million from a loss of $11.5 million in the prior-year period.

Total debt at the end of the first quarter of fiscal 2027 was $123.5 million, compared with $170.0 million at the end of the first quarter of fiscal 2026. The Company’s net working capital position remained strong with $236.8 million of positive working capital as of the end of the first quarter of fiscal 2027.

During the quarter, the Company declared a quarterly dividend of $0.08 per share which was paid on July 30, 2026 to shareholders of record on July 16, 2026.

First Day Complete Momentum

The Company continues to generate strong momentum in First Day® Complete, its institution-wide affordable access program. First Day® Complete will be offered across 263 campuses during the Fall 2026 academic term, reaching more than 1.43 million students*, approximately 26% more than in Fall 2025. Given the seasonality of the Company’s business and the timing of the

EXHIBIT 99.1

academic calendar, the financial impact of this expanded Fall 2026 participation will be primarily reflected in the second and subsequent quarters of fiscal 2027.

_________________________

* Represents the undergraduate student population at institutions where First Day® Complete is offered, plus graduate student populations where the program is also offered. Student population data as reported by the National Center for Education Statistics (NCES) as of January 2, 2026. The figure represents students eligible to participate in First Day® Complete.

The table below reflects the reconciliation of Adjusted EBITDA to the most comparable GAAP financial metric, Net loss for the first quarter of fiscal 2027 and the related prior period:

Adjusted EBITDA

13 weeks ended

($ in thousands) August 1, 2026 August 2, 2025

Net loss $ (12,914) $ (18,271)

Add:

Depreciation and amortization expense 8,151 9,185

Interest expense, net 2,718 3,745

Income tax benefit (7,062) (8,640)

Other (income) expense, net (1,298) (49)

Stock-based compensation expense 1,084 2,536

Adjusted EBITDA $ (9,321) $ (11,494)

Outlook

Based on its first-quarter performance and current expectations, the Company is reiterating its prior fiscal 2027 outlook. The Company expects continued growth in revenues and is focused on driving operating leverage with disciplined expense management. The Company is targeting Adjusted EBITDA in the range of $85 million to $92 million and anticipates further significant improvements in net income profitability. The Company also sees opportunities to drive better capital efficiency, which should contribute to additional reductions in debt and interest expense. The Company anticipates approximately $20 million in capital expenditures and should be a normal cash taxpayer in fiscal 2027.

Earnings Calls

Following our Investor Day in June, we are continuing to expand our investor engagement activities. As indicated in our fiscal 2026 year-end earnings release, the Company will host earnings conference calls following its fiscal 2027 second quarter and full-year earnings results. With the second quarter following the important back-to-school season and our full-year results coinciding with the conclusion of the academic year, we believe these periods provide the most meaningful opportunities to update investors on our performance, progress against our strategic priorities and outlook for the business. Further details, including the exact date and time, will be announced in advance of each call.

Use of Non-GAAP Financial Information—Adjusted EBITDA

To supplement the Company’s condensed consolidated financial statements presented in accordance with generally accepted accounting principles (“GAAP”), the Company uses the financial measure of Adjusted EBITDA, which is a non-GAAP financial measure under Securities and Exchange Commission (the “SEC”) regulations. We define Adjusted EBITDA as net income (loss) plus (1) depreciation and amortization; (2) interest expense, net (3) income taxes, (4) stock compensation, and (5) certain other non-cash or non-recurring items, and other adjustments permitted under our credit agreement.

Adjusted EBITDA has been reconciled to the most comparable financial measure presented in accordance with GAAP, consolidated net income (loss). All of the items included in the reconciliation are either (i) non-cash items or (ii) items that management does not consider in assessing our on-going operating performance.

EXHIBIT 99.1

Adjusted EBITDA is not intended as a substitute for and should not be considered superior to measures of financial performance prepared in accordance with GAAP. In addition, the Company’s use of Adjusted EBITDA may be different from similarly named measures used by other companies, limiting its usefulness for comparison purposes.

We review Adjusted EBITDA as an internal measure to evaluate our performance at a consolidated level to manage our operations. We believe that this measure is a useful performance measure which is used by us to facilitate a comparison of our on-going operating performance on a consistent basis from period-to-period. We believe that Adjusted EBITDA provides for a more complete understanding of factors and trends affecting our business than measures under GAAP can provide alone, as it excludes certain items that management believes do not reflect the ordinary performance of our operations in a particular period. Our Board of Directors and management also use Adjusted EBITDA at a consolidated level as one of the primary methods for planning and forecasting expected performance, for evaluating on a quarterly and annual basis actual results against such expectations, and as a measure for performance incentive plans. We believe that the inclusion of Adjusted EBITDA results provides investors useful and important information regarding our operating results, in a manner that is consistent with management’s evaluation of business performance.

The Company urges investors to carefully review the GAAP financial information included as part of the Company’s Form 10-Q for the fiscal quarter ended August 1, 2026. We do not provide a reconciliation of forward-looking non-GAAP financial metrics, because reconciling information is not available without an unreasonable effort, such as attempting to make assumptions that cannot reasonably be made on a forward-looking basis to determine the corresponding GAAP metric.

ABOUT BARNES & NOBLE EDUCATION, INC.

Barnes & Noble Education, Inc. (NYSE: BNED) is a leading solutions provider for the education industry, driving affordability, access and achievement at hundreds of academic institutions nationwide and ensuring millions of students are equipped for success in the classroom and beyond. Through its family of brands, BNED offers campus retail services and academic solutions, wholesale capabilities and more. BNED is a company serving all who work to elevate their lives through education, supporting students, faculty and institutions as they make tomorrow a better and smarter world. For more information, visit www.bned.com.

Media & Investor Contact:

Greg McKinley/Rob Fink

FNK IR

BNED@fnkir.com

952-393-4255/646-809-4048

Forward-Looking Statements

This press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and information relating to us and our business that are based on the beliefs of our management as well as assumptions made by and information currently available to our management. When used in this communication, the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” “may,” “should,” “will,” “forecasts,” “projections,” “continue to,” “committed to,” and similar expressions, as they relate to us or our management, identify forward-looking statements. Actual results could differ materially from those projected in the forward-looking statements, and such statements include but are not limited to those related to continued acceleration in demand for our BNC First Day® offerings, expected enrollment in our First Day® Complete program, continued expansion of our new offerings, expansion of institutional partnerships, future opportunities to accelerate profitable growth, generate strong cash flow, strategic and operational objectives, expected trends in financial results, including those related to seasonality, continued expense discipline and improved capital efficiency, margin improvement, and Adjusted EBITDA guidance. We caution you not to place undue reliance on these forward-looking statements. Such statements reflect our current views with respect to future events, the outcome of which is subject to certain risks, including, but not limited to: the amount of our indebtedness and ability to comply with covenants contained in our credit agreement; our ability to maintain adequate liquidity levels to support ongoing inventory purchases and related vendor payments in a timely manner; slower than anticipated pace of adoption of our BNC First Day® equitable and inclusive access course material models; our dependency on strategic service provider relationships and the potential for adverse operational and financial changes to these strategic service provider relationships; non-renewal of our managed bookstore, physical and/or online store contracts; general competitive conditions; a decline in college enrollment or decreased funding available for students; technological changes, including the adoption of artificial intelligence technologies for educational content;

EXHIBIT 99.1

disruptions to our information technology systems, infrastructure, data, supplier systems, and customer ordering and payment systems due to computer malware, viruses, hacking and phishing attacks; disruption of or interference with third party service providers and our own proprietary technology; and changes in applicable domestic and international laws, rules or regulations or changes in enforcement practices, including, without limitation, U.S. tax reform, changes in tax rates, tariffs, import and export control laws and regulations, changes to consumer data privacy rights legislation, as well as related guidance. Moreover, we operate in a very competitive and rapidly changing environment and new risks may emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In addition, the declaration of any future dividends will be subject to further review and approval by the Board in accordance with applicable law. The Board reserves the right to adjust or withdraw any quarterly dividend in future periods as it reviews our capital allocation strategy from time-to-time and ensures compliance with any applicable restrictions, including those set forth in our credit agreement with our lenders.

For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in the Company’s Annual Report on Form 10-K for the year ended May 2, 2026. Any forward-looking statements made by us in this press release speak only as of the date of this press release, and we do not intend to update these forward-looking statements after the date of this press release, except as required by law.

EX-99.2

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Document

EXHIBIT 99.2

BARNES & NOBLE EDUCATION, INC. AND SUBSIDIARIES

Consolidated Statements of Operations (Unaudited)

(In thousands, except share and per share data)

13 weeks ended

August 1, 2026 August 2, 2025

Sales:

Product sales and other $ 276,859 $ 274,179

Rental income 13,736 13,981

Total sales 290,595 288,160

Cost of sales (exclusive of depreciation and amortization expense):

Product and other cost of sales 226,783 225,363

Rental cost of sales 6,765 7,420

Total cost of sales 233,548 232,783

Gross profit

57,047 55,377

Selling and administrative expenses 67,316 67,861

Depreciation and amortization expense 8,151 9,185

Other (income) expense, net (1,162) 1,497

Operating loss (17,258) (23,166)

Interest expense, net 2,718 3,745

Loss before income taxes (19,976) (26,911)

Income tax expense

(7,062) (8,640)

Net loss $ (12,914) $ (18,271)

Earnings per share - Basic and Diluted

Net loss attributable to BNED shareholders - basic $ (0.37) $ (0.54)

Net loss attributable to BNED shareholders - diluted $ (0.37) $ (0.54)

Weighted average shares of common stock outstanding - basic 34,531,798 34,053,847

Weighted average shares of common stock outstanding - diluted 34,531,798 34,053,847

13 weeks ended

Dollars in thousands August 1, 2026 August 2, 2025

Sales:

Product sales and other 95.3 % 95.1 %

Rental income 4.7 % 4.9 %

Total sales 100.0 % 100.0 %

Cost of sales (exclusive of depreciation and amortization expense):

Product and other cost of sales 81.9 % 82.2 %

Rental cost of sales 49.3 % 53.1 %

Total cost of sales 80.4 % 80.8 %

Gross profit

19.6 % 19.2 %

Selling and administrative expenses 23.2 % 23.5 %

Depreciation and amortization expense 2.8 % 3.2 %

Other (income) expense, net (0.4) % 0.5 %

Operating loss (5.9) % (8.0) %

Interest expense, net 0.9 % 1.3 %

Loss before income taxes (6.9) % (9.3) %

Income tax expense

(2.4) % (3.0) %

Net loss (4.4) % (6.3) %

(a) Represents the percentage these costs bear to the related sales, instead of total sales.

EXHIBIT 99.2

BARNES & NOBLE EDUCATION, INC. AND SUBSIDIARIES

Consolidated Balance Sheets (Unaudited)

(In thousands, except share and per share data)

August 1, 2026 May 2, 2026

ASSETS

Current assets:

Cash and cash equivalents $ 7,806 $ 8,418

Accounts receivable, net 176,686 116,526

Merchandise inventories, net 366,296 298,347

Textbook rental inventories 5,844 27,035

Prepaid expenses and other current assets 37,237 34,137

Total current assets 593,869 484,463

Property and equipment, net 33,648 34,123

Operating lease right-of-use assets 148,920 145,594

Intangible assets, net 53,732 58,092

Deferred tax assets, net 149 —

Other noncurrent assets 16,411 17,625

Total assets $ 846,729 $ 739,897

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities:

Accounts payable $ 210,999 $ 135,564

Accrued liabilities 78,887 80,990

Current operating lease liabilities 67,213 67,050

Total current liabilities 357,099 283,604

Long-term deferred taxes, net — —

Long-term operating lease liabilities 82,497 85,455

Other long-term liabilities 5,263 5,399

Long-term borrowings 123,500 71,000

Total liabilities 568,359 445,458

Commitments and contingencies

Stockholders' equity:

Preferred stock, $0.01 par value; authorized, 5,000,000 shares; issued and outstanding, none

— —

Common stock, $0.01 par value; authorized, 200,000,000 shares; issued, 34,692,247 and 34,456,977 shares, respectively; outstanding, 34,685,810 and 34,429,710 shares, respectively 347 345

Additional paid-in-capital 1,009,192 1,012,349

Accumulated deficit (708,613) (695,699)

Treasury stock, at cost (22,556) (22,556)

Total stockholders' equity 278,370 294,439

Total liabilities and stockholders' equity $ 846,729 $ 739,897

BARNES & NOBLE EDUCATION, INC. AND SUBSIDIARIES

Consolidated Statements of Cash Flow (Unaudited)

(In thousands, except per share data)

13 weeks ended

August 1, 2026 August 2, 2025

Cash flows from operating activities:

Net income (loss) $ (12,914) $ (18,271)

Adjustments to reconcile net income (loss) to net cash flows from operating activities

Depreciation and amortization expense 8,151 9,185

Amortization of deferred financing costs 916 916

Deferred taxes (149) 1,432

Stock-based compensation expense 1,084 2,536

Changes in operating lease right-of-use assets and liabilities (6,121) 4,711

Changes in other long-term assets and liabilities and other, net 110 788

Changes in other operating assets and liabilities, net:

Receivables, net (60,160) (63,897)

Merchandise inventories (67,949) (101,003)

Textbook rental inventories 21,191 17,549

Prepaid expenses and other current assets (9,077) (14,990)

Accounts payable and accrued liabilities 72,049 93,441

Changes in other operating assets and liabilities, net (43,946) (68,900)

Net cash flows provided by (used in) operating activities (52,869) (67,603)

Cash flows from investing activities:

Purchases of property and equipment (3,529) (3,736)

Net cash flows provided by (used in) investing activities (3,529) (3,736)

Cash flows from financing activities:

Proceeds from borrowings 150,100 163,300

Repayments of borrowings (97,600) (96,400)

Dividends paid (2,775) —

Payment of equity issuance costs — (1,900)

Net cash flows provided by (used in) financing activities 49,725 65,000

Net (decrease) increase in cash, cash equivalents, and restricted cash (6,673) (6,339)

Cash, cash equivalents, and restricted cash at beginning of year

28,219 28,723

Cash, cash equivalents, and restricted cash at end of year $ 21,546 $ 22,384

Supplemental cash flow information:

Cash paid during the period for:

Interest paid $ 1,664 $ 2,927

Income taxes paid (net of refunds) $ 255 $ 185

BARNES & NOBLE EDUCATION, INC. AND SUBSIDIARIES

Non-GAAP Information

(In thousands) (Unaudited)

13 weeks ended

Dollars in thousands August 1, 2026 August 2, 2025

Net loss $ (12,914) $ (18,271)

Reconciling items

(214) 2,487

Adjusted Net loss $ (13,128) $ (15,784)

Reconciling items

Stock-based compensation expense

1,084 2,536

Other (income) expense, net (1,298) (49)

Reconciling items

$ (214) $ 2,487

Adjusted EBITDA 13 weeks ended

Dollars in thousands August 1, 2026 August 2, 2025

Net loss $ (12,914) $ (18,271)

Add:

Depreciation and amortization expense 8,151 9,185

Interest expense, net 2,718 3,745

Income tax benefit (7,062) (8,640)

Other (income) expense, net (a)

(1,298) (49)

Stock-based compensation expense 1,084 2,536

Adjusted EBITDA $ (9,321) $ (11,494)

(a)Other (income) expense is exclusive of Investigation Costs of $0.1 million and $1.5 million as of the 13 weeks ended August 1, 2026 and August 2, 2025, respectively.

Adjusted Free Cash Flow

13 weeks ended

Dollars in thousands August 1, 2026 August 2, 2025

Adjusted EBITDA $ (9,321) $ (11,494)

Less:

Capital expenditures (a)

3,529 3,736

Cash interest paid 1,664 2,927

Cash taxes (refund) paid, net 255 185

Adjusted Free Cash Flow $ (14,769) $ (18,342)

(a)Purchases of property and equipment are also referred to as capital expenditures. Our investing activities consist principally of capital expenditures for contractual capital investments associated with renewing existing contracts, new store construction, and enhancements to internal systems and our website. The following table provides the components of total purchases of property and equipment.

Capital Expenditures

13 weeks ended

Dollars in thousands August 1, 2026 August 2, 2025

Physical store capital expenditures $ 2,727 $ 2,201

Product and system development 722 1,400

Other 80 135

Total Capital Expenditures $ 3,529 $ 3,736

Use of Non-GAAP Financial Information - Adjusted Net Income (Loss), Adjusted EBITDA and Adjusted Free Cash Flow

To supplement the Company’s consolidated financial statements presented in accordance with generally accepted accounting principles (“GAAP”), the Company uses the financial measures of Adjusted Net Income (Loss), Adjusted EBITDA, and Adjusted Free Cash Flow, which are non-GAAP financial measures under Securities and Exchange Commission (the "SEC") regulations. We define Adjusted Net Income (Loss) as net income (loss) adjusted for certain reconciling items that are subtracted from or added to net income (loss). We define Adjusted EBITDA as net income (loss) plus (1) depreciation and amortization; (2) interest expense, net, (3) income taxes, (4) stock compensation, and (5) certain other non-cash or non-recurring items, and adjustments defined in the Company’s credit agreement. We define Adjusted Free Cash Flow as Cash Flows from Operating Activities less capital expenditures, cash interest and cash taxes.

These non-GAAP measures have been reconciled to the most comparable financial measures presented in accordance with GAAP as follows: the reconciliation of Adjusted Net Income (Loss) to net income (loss); the reconciliation of consolidated Adjusted EBITDA to consolidated net income (loss); and the reconciliation of Adjusted Free Cash Flow to Cash Flows from Operating Activities. All of the items included in the reconciliations are either (i) non-cash items or (ii) items that management does not consider in assessing our on-going operating performance.

These non-GAAP financial measures are not intended as substitutes for and should not be considered superior to measures of financial performance prepared in accordance with GAAP. In addition, the Company's use of these non-GAAP financial measures may be different from similarly named measures used by other companies, limiting their usefulness for comparison purposes.

We review these non-GAAP financial measures as internal measures to evaluate our performance at a consolidated level to manage our operations. We believe that these measures are useful performance measures which are used by us to facilitate a comparison of our on-going operating performance on a consistent basis from period-to-period. We believe that these non-GAAP financial measures provide for a more complete understanding of factors and trends affecting our business than measures under GAAP can provide alone, as they exclude certain items that management believes do not reflect the ordinary performance of our operations in a particular period. Our Board of Directors and management also use Adjusted EBITDA at a consolidated level as one of the primary methods for planning and forecasting expected performance, for evaluating on a quarterly and annual basis actual results against such expectations, and as a measure for performance incentive plans. We believe that the inclusion of Adjusted Net Income (Loss) and Adjusted EBITDA results provides investors useful and important information regarding our operating results, in a manner that is consistent with management’s evaluation of business performance. We believe that Adjusted Free Cash Flow provides useful additional information concerning cash flow available to meet future debt service obligations and working capital requirements and assists investors in their understanding of our operating profitability and liquidity as we manage the business to maximize margin and cash flow.

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Sep. 08, 2026

Document Information [Line Items]

Document Type

8-K

Document Period End Date

Sep. 08, 2026

Entity Registrant Name

BARNES & NOBLE EDUCATION, INC.

Entity Incorporation, State or Country Code

Entity File Number

1-37499

Entity Tax Identification Number

46-0599018

Entity Address, Address Line One

180 Park Avenue, Suite 301,

Entity Address, City or Town

Florham Park,

Entity Address, Postal Zip Code

07932

City Area Code

(908)

Local Phone Number

991-2665

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Trading Symbol

BNED

Security Exchange Name

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For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

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No definition available.

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- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

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No definition available.

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- Definition

Address Line 1 such as Attn, Building Name, Street Name

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Name of the City or Town

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Code for the postal or zip code

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Name of the state or province.

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- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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Indicate if registrant meets the emerging growth company criteria.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

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No definition available.

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Two-character EDGAR code representing the state or country of incorporation.

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No definition available.

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- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

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Local phone number for entity.

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- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

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- Definition

Title of a 12(b) registered security.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

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- Definition

Name of the Exchange on which a security is registered.

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-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

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Trading symbol of an instrument as listed on an exchange.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

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Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

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