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Exhibit 99.1 . : BNED Barnes & Noble Education Reports Second Quarter Fiscal Year 2022 Financial Results Consolidated Second Quarter GAAP Sales Increase 5.3 % to $ 627.0 million Consolidated Second Quarter GAAP Net Income Improved $ 15 Million to $ 22.5 Million BNC's First Day® Complete and First Day® Inclusive Access Offerings Revenue Grew 80 % Retail Segment Gross Comparable Store Sales ( non - GAAP ) Increase 13.2 % General Merchandise Gross Comparable Store Sales ( non - GAAP ) Increase 78.3 % November 30 , 2021 , Basking Ridge , NJ - Barnes & Noble Education , Inc. ( NYSE : BNED ) , a leading solutions provider for the education industry , today reported sales and earnings for the second quarter of fiscal year 2022 , which ended on October 30 , 2021 . Barnes & Noble Education is a highly seasonal business and the second quarter includes the Fall rush period , which is historically the largest sales period for the Company . While the Company's fiscal 2022 second quarter results benefitted from many students returning to in - person classes and greater attendance at campus events and sporting activities as compared to the prior year period when much of this activity was curtailed , as anticipated , the Company's performance continues to be affected by the ongoing COVID - 19 environment , including overall enrollment declines , many community colleges continuing to offer virtual classes , in conjunction with broader macro issues including labor challenges , inflationary pressures and supply chain issues . Financial highlights for the second quarter 2022 : • • • • Consolidated second quarter GAAP sales of $ 627.0 million increased 5.3 % , as compared to the prior year period . Consolidated second quarter GAAP net income improved $ 15.0 million to $ 22.5 million , compared to GAAP net income of $ 7.5 million in the prior year period . Consolidated second quarter non - GAAP Adjusted Earnings of $ 25.0 million , compared to non - GAAP Adjusted Earnings of $ 11.1 million in the prior year period . Consolidated second quarter non - GAAP Adjusted EBITDA of $ 39.0 million , compared to non - GAAP Adjusted EBITDA of $ 24.5 million in the prior year period . Retail segment gross comparable store sales ( non - GAAP ) increased 13.2 % . For comparable store sales reporting purposes , logo and emblematic general merchandise sales fulfilled by FLC and Fanatics are included on a gross basis . Please see more detailed definition in the Second Quarter Results table and Retail segment discussion below . Operational highlights for the second quarter 2022 : • • • 65 campus stores utilized BNC's First Day® Complete courseware delivery program during the 2021 Fall Term , representing total undergraduate enrollment of approximately 295,000 * , up from 12 campus stores with 43,000 in total undergraduate enrollment in the 2020 Fall Term . Signed agreements for 10 additional campus stores , with total undergraduate enrollment of approximately 86,000 * , to implement BNC's First Day Complete courseware delivery program for the upcoming 2022 Spring Term , bringing the total First Day Complete store count to 75 for the current academic year , with total undergraduate enrollment at these First Day Complete schools of over 380,000 . BNC's First Day Complete and First Day® inclusive access offerings revenue increased 80 % . • DSS revenue grew 39 % to $ 8.3 million , with bartleby® revenue growing approximately 70 % year - over - year .