Barnes & Noble slumps on bleak annual outlook

Barnes & Noble Education

29/06/2022 13:42

** Shares in Barnes & Noble  BNED.N  tumble 19.9% in
premarket trade 
    ** The educational services provider forecasts 2023 EBITDA
in positive territory of $30 mln to $40 mln against a loss of
$4.8 mln in 2022, but says it expects higher inflationary impact
on wages and freight  urn:newsml:reuters.com:*:nASA03FQ8
    ** Posts Q4 net loss, says FY2022 proved to be more
challenging than expected as academic terms were disrupted by
new COVID strains
    ** In March, the company forecast 2023 EBITDA would remain
below pre-COVID levels, sending its shares down 12% {nL2N2VB1LU]

 (Reporting by Boleslaw Lasocki)
 ((boleslaw.lasocki@tr.com))