Barnes & Noble Education Reports FY24 Segment Realignment

TL;DR

BNED is changing how it reports its business segments for FY24.

AI Summary

Barnes & Noble Education, Inc. filed an 8-K on December 11, 2024, to report a realignment of its reporting segments for its fiscal year 2024 10K. This change affects how the company will present its financial information going forward.

Why It Matters

This filing indicates a change in how Barnes & Noble Education will categorize and report its business segments, which could impact how investors analyze the company's performance and profitability.

Risk Assessment

Risk Level: low — The filing is a routine disclosure about financial reporting structure and does not involve immediate financial risk.

Key Players & Entities

• Barnes & Noble Education, Inc. (company) — Registrant
• December 11, 2024 (date) — Date of earliest event reported
• 120 Mountainview Blvd., Basking Ridge, NJ 07920 (address) — Principal executive offices
• 908-991-2665 (phone_number) — Registrant's telephone number

FAQ

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share BNED New York Stock

Filing Documents

• bned-20241211.htm (8-K) — 34KB
• exhibit23120240427-auditor.htm (EX-23.1) — 3KB
• exhibit991bned-20240427xq4.htm (EX-99.1) — 1801KB
• 0001634117-24-000135.txt ( ) — 2211KB
• bned-20241211.xsd (EX-101.SCH) — 2KB
• bned-20241211_def.xml (EX-101.DEF) — 14KB
• bned-20241211_lab.xml (EX-101.LAB) — 25KB
• bned-20241211_pre.xml (EX-101.PRE) — 15KB
• bned-20241211_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. Barnes & Noble Education, Inc. (the "Company", "we", "our") is filing this Current Report on Form 8-K to recast certain financial information set forth in our Annual Report on Form 10-K for the fiscal year ended April 27, 2024 ("Report") as filed on July 1, 2024, with the U.S. Securities and Exchange Commission ("SEC") under the Securities Exchange Act of 1934, as amended. As disclosed in our Quarterly Report on Form 10-Q for the quarterly periods ended October 26, 2024, we realigned our reportable segments for financial reporting purposes as a result of change in our Chief Operating Decision Maker and how business performance is monitored and resources are allocated to support our top strategic priorities. During the quarterly period ended October 26, 2024, we simplified our internal reporting to reflect one operating and reporting segment. This change aligns with the information regularly provided to the Chief Operating Decision Maker that is used for making operating and investment decisions and assessing business performance. As required by Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) 280, Segment Reporting , if a public entity changes the structure of its internal organization in a manner that causes the composition of its reportable segments to change, the corresponding information for earlier periods, including interim periods, shall be recast unless it is impracticable to do so. Accordingly, attached as Exhibit 99.1 of this Form 8-K, and incorporated by reference herein, are the following portions of the Form 10-K that have been revised to reflect the realignment of the Company's segments.

Item 1. Business

Part I. Item 1. Business

Item 1A., Risk Factors

Part I. Item 1A., Risk Factors

Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations and

Part II. Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations and

Item 8. Financial Statements and Supplementary Data

Part II. Item 8. Financial Statements and Supplementary Data. Prior periods in Exhibit 99.1 have been recast to conform with the realigned segment. The information included in Exhibit 99.1 affects disclosures related to previously disclosed segment results and does not in any way restate or revise the consolidated financial position, results of operations or cash flows in any previously filed consolidated statements of operations, consolidated balance sheets or consolidated statements of cash flows. No items in the Report other than those identified above are being updated by this filing, and this filing does not reflect any subsequent information or events other than the revised segment reporting. Exhibit 99.1 should be read in conjunction with the Report as filed, and other filings made with the SEC.

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits Exhibit No. Description 23.1 Consent of Ernst & Young LLP 99.1 Revised Part I, Item 1., Part I, Item 1A., Part II, Item 7. and Part II, Item 8. of the Annual Report on Form 10-K for the year ended April 27, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

Signatures

Signatures 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: December 11, 2024 BARNES & NOBLE EDUCATION, INC. By: /s/ Kevin F. Watson Name: Kevin F. Watson Title: Chief Financial Officer BARNES & NOBLE EDUCATION, INC. EXHIBIT INDEX Exhibit No. Description 23.1 Consent of Ernst & Young LLP 99.1 Revised Part I, Item 1., Part I, Item 1A., Part II, Item 7. and Part II, Item 8. of the Annual Report on Form 10-K for the year ended April 27, 2024 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

View Full Filing

View this 8-K filing on SEC EDGAR