Barnes & Noble Education : Investor Day (BNED Investor Day Presentation )

About this update from Barnes & Noble Education, Inc

June 25, 2026 | 10AM-12PM ET | New York Stock Exchange Barnes C Noble Education, Inc. (NYSE: BNED) WELCOME ABOUT US Executive leadership team: Experience and expertise across education, retail and digital transformation. Jonathan Shar Chief Executive Officer Jason Snagusky Chief Financial Officer Celeste Risimini-Johnson Chief Merchandising & Operations Officer Brian Stark Chief Operating Officer, Stores Chris Sackett Chief Academic Solutions Officer WELCOME Agenda Welcome About us Higher education landscape BNED value proposition Growth opportunities Digital distribution C AI Financial overview Capital allocation ABOUT US 1CG5 BNED's roots date back to when Leonard Riggio founded the Student Book Exchange in NYC A proven leader in supporting education for over 60 years ABOUT US Over the decades, BGN expands into on-campus bookstores with deep institutional partnerships A proven leader in supporting education for over 60 years ABOUT US Becomes an independent public company (NYSE: BNED) 2015 A proven leader in supporting education for over 60 years ABOUT US Today, BNED is a leading solutions provider for higher education We drive affordability, access, and student success across hundreds of institutions, supporting millions of students nationwide. ABOUT US Today, BNED is a leading solutions provider for higher education Scaled platform 647 physical stores * 46G virtual stores * Nearly 6M enrolled students served Presence in all 50 states * As of May 2, 202C ABOUT US Today, BNED is a leading solutions provider for higher education Broad and diverse reach Serving public and private 4-year and 2-year institutions Supporting students, alumni, faculty and local communities WHAT WE DO BNED combines institutional relationships, digital infrastructure, and campus operations into an integrated student platform. WHAT WE DO A scaled B2B2C platform serving higher education institutions and students Institutional platform Exclusive long-term campus contracts and partnerships Operates campus stores and eCommerce platforms Integrated retail, digital, and fulfillment platform Embedded in campus financial aid and institutional billing systems Supports customers across the campus lifecycle Product G service ecosystem COURSE MATERIALS G DIGITAL LEARNING SYSTEMS Physical and digital course materials eTextbooks, courseware and learning tools First Day Complete and affordable access programs CAMPUS RETAIL G STUDENT ESSENTIALS Emblematic apparel and gifts Technology, graduation, dorm, cafes, and convenience products Campus essentials and general merchandise CAMPUS VOICES Empowering every journey, inspiring lifelong loyalty Advancing institutions' missions Creating positive experiences that build lasting relationships Supporting diverse stakeholders' goals HIGHER EDUCATION LANDSCAPE ENROLLMENT 9M 8M 7.8M 7.7M 7.GM 7.7M 7.CM 8.0M 7M 6M 5.8M 5.CM G.0M 5.4M 5.4M 5.5M 5M 4M 3M 2M 1M 0M LANDSCAPE Higher education market 4.1M 4.1M 4.0M 4.0M 4.1M 4.1M 0.8M 0.8M 0.8M 0.CM 0.CM 0.CM 2020 Public 4-year 2021 2022 Public 2-year 2023 Private 4-year 2024 2025 Private for profit ~ 1GM students enrolled in U.S. higher education ~ 3,600 institutions representing ~ G7% of enrollment Large, stable and essential market TOTAL ENROLLMENT 2020 18.5M 2021 18.0M 2022 17.8M 2023 18.1M 2024 18.8M 2025 1C.0M LANDSCAPE Structural shifts reshaping higher education Affordability and ROI under increasing scrutiny Shifting demographics and enrollment patterns Digital transformation and AI changing learning models Demand for improved student outcomes and access Institutional budget pressure and need for efficiency Institutions are under pressure to deliver better outcomes at lower cost - driving demand for scaled trusted partners. Industry dynamics Market led by BNED, Follett and self-operated campus stores Institutions continue shifting from self-operated models to outsourced partners Remaining market fragmented across 6-8 additional providers LANDSCAPE Competitive landscape U.S. college bookstore estimated market share Other ~44% BNED ~30% Self-operated ~2G% COMPETITIVE LANDSCAPE Scale, infrastructure, and institutional relationships create durable competitive advantages; BNED is well positioned to gain share through its scaled, integrated platform. CAMPUS VOICES At the heart of the campus experience Delivering impact across the campus ecosystem Supporting every milestone that matters Reducing friction across the student journey BNED VALUE PROPOSITION Attention : This is an excerpt of the original content. To continue reading it, access the original document here .

View stock analysis, news, and events for Barnes & Noble Education, Inc