Barnes & Noble Education filed to delay its 10-Q quarterly report, citing “advanced and ongoing discussions with third parties to evaluate a range of options to strengthen its liquidity and financial position.”
- Potential options under consideration include a refinancing and an equity offering, which would likely be conducted at a substantial discount
- Ability to continue as a going concern is contingent upon the successful execution of management’s plan to improve liquidity
- For the 13 weeks ended Jan. 27, expects to report total sales of $456.7m vs $438m y/y
- Expects to report gross profit of $100m, +$3m y/y
- Expects total BNC ...
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