BASKING RIDGE, N.J.–(BUSINESS WIRE)–Barnes & Noble Training, Inc. (NYSE: BNED), a number one options supplier for the training business, immediately introduced that the Firm is rescheduling its third quarter Fiscal Yr 2023 earnings report beforehand scheduled for Tuesday, March 7, 2023 at 8:30 a.m. Japanese Time.
The rescheduling permits the Firm sufficient time to shut on its amended and prolonged asset-backed revolving and time period mortgage credit score services, which the Firm expects to shut on or earlier than Thursday, March 9, 2023.
The Firm intends to report Fiscal 2023 third quarter earnings outcomes on Thursday, March 9, 2023, after market shut. The Firm will host an investor convention name at 4:30 p.m. Japanese Time on Thursday, March 9, 2023, to assessment the Firm’s monetary outcomes and operations.
This name is being webcast and may be accessed at Barnes & Noble Training’s company web site at www.bned.com. The webcast of this name will likely be archived and obtainable for 3 months on Barnes & Noble Training’s company web site.
ABOUT BARNES & NOBLE EDUCATION, INC.
Barnes & Noble Training, Inc. (NYSE: BNED) is a number one options supplier for the training business, driving affordability, entry and achievement at tons of of educational establishments nationwide and guaranteeing thousands and thousands of scholars are geared up for achievement within the classroom and past. By its household of manufacturers, BNED gives campus retail companies and educational options, a digital direct-to-student studying ecosystem, unparalleled best-in-class assortment of college attire via a strategic alliance with Fanatics and Lids, wholesale capabilities and extra. BNED is an organization serving all who work to raise their lives via training, supporting college students, school and establishments as they make tomorrow a greater, extra inclusive and smarter world. For extra data, go to www.bned.com.
This press launch comprises sure “forward-looking statements” throughout the that means of the Non-public Securities Litigation Reform Act of 1995 and knowledge regarding us and our enterprise which are based mostly on the beliefs of our administration in addition to assumptions made by and knowledge presently obtainable to our administration. When used on this communication, the phrases “anticipate,” “imagine,” “estimate,” “anticipate,” “intend,” “plan,” “will,” “forecasts,” “projections,” and related expressions, as they relate to us or our administration, determine forward-looking statements. Furthermore, we function in a really aggressive and quickly altering surroundings. New dangers emerge on occasion. It’s not attainable for our administration to foretell all dangers, nor can we assess the influence of all components on our enterprise or the extent to which any issue, or mixture of things, might trigger precise outcomes to vary materially from these contained in any forward-looking statements we might make, together with any statements made with regard to our response to the COVID-19 pandemic. In gentle of those dangers, uncertainties and assumptions, the long run occasions and developments mentioned on this press launch might not happen and precise outcomes might differ materially and adversely from these anticipated or implied within the forward-looking statements. Such statements replicate our present views with respect to future occasions, the result of which is topic to sure dangers, together with, amongst others: dangers related to public well being crises, epidemics, and pandemics, such because the COVID-19 pandemic, together with the period, unfold, severity, and any recurrences thereof, and the influence such public well being crises have on the general demand for BNED services, our operations, the operations of our suppliers and different enterprise companions, and the effectiveness of our response to those dangers; common aggressive situations, together with actions our rivals and content material suppliers might take to develop their companies; a decline in school enrollment or decreased funding obtainable for college students; choices by faculties and universities to outsource their bodily and/or on-line bookstore operations or change the operation of their bookstores; implementation of our digital technique might not outcome within the anticipated progress in our digital gross sales and/or profitability; threat that digital gross sales progress doesn’t exceed the speed of funding spend; the efficiency of our on-line, digital and different initiatives, integration of and deployment of, extra services together with new digital channels, and enhancements to larger training digital merchandise, and the lack to realize the anticipated price financial savings; the chance of worth discount or change in format after all supplies by publishers, which might negatively influence revenues and margin; the overall financial surroundings and client spending patterns; decreased client demand for our merchandise, low progress or declining gross sales; the strategic targets, profitable integration, anticipated synergies, and/or different anticipated potential advantages of assorted acquisitions might not be totally realized or might take longer than anticipated; the combination of the operations of assorted acquisitions into our personal can also enhance the chance of our inside controls being discovered ineffective; modifications to buy or rental phrases, cost phrases, return insurance policies, the low cost or margin on merchandise or different phrases with our suppliers; our skill to efficiently implement our strategic initiatives together with our skill to determine, compete for and execute upon extra acquisitions and strategic investments; dangers related to operation or efficiency of MBS Textbook Alternate, LLC’s point-of-sales methods which are offered to varsity bookstore clients; technological modifications; dangers related to counterfeit and piracy of digital and print supplies; our worldwide operations might lead to extra dangers; our skill to draw and retain staff; dangers related to knowledge privateness, data safety and mental property; developments and challenges to our enterprise and within the areas by which we have now shops; non-renewal of managed bookstore, bodily and/or on-line retailer contracts and higher-than-anticipated retailer closings; disruptions to our data expertise methods, infrastructure and knowledge attributable to laptop malware, viruses, hacking and phishing assaults, leading to hurt to our enterprise and outcomes of operations; disruption of or interference with third social gathering net service suppliers and our personal proprietary expertise; work stoppages or will increase in labor prices; attainable will increase in transport charges or interruptions in transport service; product shortages, together with decreases within the used textbook stock provide related to the implementation of publishers’ digital choices and direct to scholar textbook consignment rental packages, in addition to the dangers related to the impacts that public well being crises might have on the power of our suppliers to fabricate or supply merchandise, significantly from exterior of the US; modifications in home and worldwide legal guidelines or rules, together with U.S. tax reform, modifications in tax charges, legal guidelines and rules, in addition to associated steering; enactment of legal guidelines or modifications in enforcement practices which can limit or prohibit our use of texts, emails, curiosity based mostly internet advertising, recurring billing or related advertising and gross sales actions; the quantity of our indebtedness and talent to adjust to covenants relevant to any future debt financing; our skill to fulfill future capital and liquidity necessities; our skill to entry the credit score and capital markets on the occasions and within the quantities wanted and on acceptable phrases; adversarial outcomes from litigation, governmental investigations, tax-related proceedings, or audits; modifications in accounting requirements; and the opposite dangers and uncertainties detailed within the part titled “Danger Components” in Half I – Merchandise 1A in our Annual Report on Type 10-Okay for the yr ended April 30, 2022. Ought to a number of of those dangers or uncertainties materialize, or ought to underlying assumptions show incorrect, precise outcomes or outcomes might range materially from these described as anticipated, believed, estimated, anticipated, meant or deliberate. Subsequent written and oral forward-looking statements attributable to us or individuals performing on our behalf are expressly certified of their entirety by the cautionary statements on this paragraph. We undertake no obligation to publicly replace or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case after the date of this press launch.
Carolyn J. Brown
Senior Vice President, Chief Communications Officer
Barnes & Noble Training, Inc.
Vice President, Investor Relations
Barnes & Noble Training, Inc.