December 11, 2015 – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) has been investigating Barnes & Noble Education, Inc. ("Barnes & Noble Education” or the "Company") (NYSE: BNED) for potential violations of the federal securities laws. Investors who acquired or purchased Barnes & Noble Education securities since the Company’s August 2015 spin-out from Barnes & Noble, Inc. (“Barnes & Noble”) may be affected.
On August 2, 2015, Barnes & Noble Education became a separate public company after Barnes & Noble completed the legal and structural separation of its university and college bookstore business from its other business.
On December 8, 2015, Barnes & Noble Education disclosed that comparable sales decreased 3.0% during the second quarter ended October 31, 2015 and 1.9% year to date. The sales decline was attributed to the negative impact of a decline in student enrollments in two year community colleges and the fact that two year community colleges generate approximately 24% of the Company’s revenue. The Company further disclosed that enrollments in two year community colleges were down mid-single digits year over year, which in turn resulted in an approximate 7% decrease in comparable store sales at two year community colleges within its operations.
On December 8, 2015, the price of Barnes & Noble Education stock declined by $3.49 per share, more than 27%, to close at $9.31 per share.
If you acquired or purchased Barnes & Noble Education shares and would like to discuss our investigation, please contact us by e-mailing
or by calling 800-290-1952.
Attorneys: Laurence D. King, Pamela A. Mayer