Barnes & Noble Education (BNED) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended August 1, 2026 and Barnes & Noble Education published the results on September 8, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Barnes & Noble Education's fiscal year ends on the Saturday closest to the last day of April. Q1 fiscal 2027 is the 13 weeks ended August 1, 2026, a seasonally small quarter; most sales and operating profit come in the second and third fiscal quarters.
• Barnes & Noble Education reports no adjusted EPS. Its non-GAAP measures are Adjusted EBITDA, Adjusted Net Loss and Adjusted Free Cash Flow.
• Management concluded disclosure controls were ineffective at August 1, 2026 because of material weaknesses in internal control over financial reporting disclosed in its fiscal 2026 10-K.

Source: Barnes & Noble Education Q1 fiscal 2027 results, September 8, 2026. Also in the Form 10-Q for the quarter ended August 1, 2026. Figures as reported; checked against the release on November 10, 2026.

How Barnes & Noble Education splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• Barnes & Noble Education's Product sales and other revenue was $277 million in Q1 fiscal 2027, up 1% from $274 million in Q1 fiscal 2026, 95% of total revenue.
• Barnes & Noble Education's Rental income revenue was $13.7 million in Q1 fiscal 2027, down 2% from $14.0 million in Q1 fiscal 2026, 5% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q1 fiscal 2027 release, Barnes & Noble Education said:

“Based on its first-quarter performance and current expectations, the Company is reiterating its prior fiscal 2027 outlook.”

“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 anticipates approximately $20 million in capital expenditures and should be a normal cash taxpayer in fiscal 2027.”

Source: Barnes & Noble Education Q1 fiscal 2027 release, Sep 8, 2026.

This is the company's own guidance as of Sep 8, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the BNED forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP total sales and diluted EPS as first reported. Barnes & Noble Education filed its Q1 and Q2 fiscal 2026 10-Qs late, on January 20, 2026, so both quarters carry that date and their figures come from those 10-Qs. The fiscal 2026 release gave only full-year figures, so Q4 fiscal 2026 revenue is the 52-week total less the 39-week total, and its EPS is not shown.

Barnes & Noble Education's next report is expected around December 10, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Sep 8, 2026

Barnes & Noble Education runs campus bookstores, physical and virtual, for colleges and universities, and reports a single segment. Q1 fiscal 2027 total sales were $290.6 million: product sales and other $276.9 million, made up of course materials ($180.4 million), general merchandise ($76.0 million) and service and other ($20.4 million), plus $13.7 million of textbook rental income. (Barnes & Noble Education Q1 fiscal 2027 release, Sep 8, 2026; Barnes & Noble Education Form 10-Q, Q1 fiscal 2027, Sep 8, 2026)

Sales rose $2.4 million, or 0.8%. Barnes & Noble Education attributed the increase mainly to its BNC First Day programs, whose revenue rose $10.3 million, or 9.0%, to $124.7 million, partly offset by store closures. New stores added $11.5 million, closed stores took away $18.0 million and comparable stores added $11.8 million. (Barnes & Noble Education Q1 fiscal 2027 release, Sep 8, 2026; Barnes & Noble Education Form 10-Q, Q1 fiscal 2027, Sep 8, 2026)

The store base shrank during the quarter: Barnes & Noble Education opened 34 stores and closed 88, ending with 602 physical and 460 virtual stores. Of the 88 closures, 40 came from two multi-campus contracts, one of which it chose to exit. (Barnes & Noble Education Form 10-Q, Q1 fiscal 2027, Sep 8, 2026)

Logo general merchandise is fulfilled by Fanatics and Lids and booked on a net basis as commission revenue, but Barnes & Noble Education counts it gross in Gross Comparable Store Sales, which rose $10.7 million, or 3.7%. Rental income slipped 1.8% on closed stores, deferred rental timing and the shift to digital products. (Barnes & Noble Education Form 10-Q, Q1 fiscal 2027, Sep 8, 2026; Barnes & Noble Education Q1 fiscal 2027 release, Sep 8, 2026)

Barnes & Noble Education's GAAP net loss was $12.9 million, or $(0.37) per diluted share, in Q1 fiscal 2027, against $18.3 million, or $(0.54), a year earlier. It reports no adjusted EPS; Adjusted Net Loss, which removes stock-based compensation and other income and expense, was $13.1 million. (Barnes & Noble Education Q1 fiscal 2027 release, Sep 8, 2026; Barnes & Noble Education Q1 fiscal 2027 financial statements (Exhibit 99.2), Sep 8, 2026)

Gross profit rose to $57.0 million from $55.4 million while selling and administrative expenses fell slightly, and interest expense, net dropped to $2.7 million from $3.7 million. Diluted shares averaged 34,531,798, against 34,053,847 a year earlier, and the company paid a quarterly dividend of $0.08 per share on July 30, 2026. (Barnes & Noble Education Q1 fiscal 2027 financial statements (Exhibit 99.2), Sep 8, 2026; Barnes & Noble Education Q1 fiscal 2027 release, Sep 8, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Barnes & Noble Education gives a full-year outlook in its release and reiterated it with Q1 fiscal 2027 results: Adjusted EBITDA of $85 million to $92 million, further significant improvement in net income, about $20 million of capital expenditures, and a return to being a normal cash taxpayer in fiscal 2027. (Barnes & Noble Education Q1 fiscal 2027 release, Sep 8, 2026)

The release says First Day Complete will be offered across 263 campuses in the Fall 2026 term, reaching more than 1.43 million students, about 26% more than in Fall 2025, and that most of the financial effect will show in the second and later quarters of fiscal 2027. (Barnes & Noble Education Q1 fiscal 2027 release, Sep 8, 2026)

A consensus figure is the average of the models published by the analysts who cover Barnes & Noble Education, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Barnes & Noble Education's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning BNED is on is BNED a buy or a sell?, what analysts expect next is on the BNED forecast, and what the company does is on the Barnes & Noble Education (BNED) stock page.

Every number on this page can be traced to a document Barnes & Noble Education published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.