What changed in this filing

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Item 1A. Risk Factors

2025-03-12 compared with 2024-12-16 · 31 added, 4 removed, 15 unchanged (70% of the section changed)

5 unchanged sentences

These further exhausts management and other personnel resources that could be used for other revenue-generating activities.

Changes in Barnes

& Noble Education’s relationships with significant clients and suppliers,

including the loss or reduction in business from one or more of them, could

have a material adverse impact on its business.

Changes in Barnes & Noble Education’s relationships with significant clients and suppliers, including the loss or reduction in business from one or more of them, could have a material adverse impact on its business.

The products that Barnes & Noble Education sells originate from a wide variety of domestic and international vendors.

7 unchanged sentences

Political or financial instability, merchandise quality issues, product safety concerns, trade restrictions, work stoppages, tariffs, foreign currency exchange rates, transportation capacity and costs, inflation, civil unrest, natural disasters, public health crises, epidemics, and pandemics, and other factors relating to foreign trade are beyond its control and could disrupt its supply of foreign-sourced merchandise.

Recently announced changes to U.S.

trade policy,

including recently announced tariffs, could adversely affect Barnes & Noble Education's business.

Recently, the United States announced tariffs on products

manufactured in several jurisdictions, including Canada, China, and Mexico, and

has made announcements regarding the potential imposition of tariffs on

products from other jurisdictions, such as the European Union.

The President of

the United States has also directed various federal officials to evaluate other

aspects of United States trade policy.

While the United States has temporarily

paused the imposition of tariffs on Canadian and Mexican products, the pause

may be lifted in whole or in part.

The United States may take other action to

impose, reimpose or increase tariffs, and countries subject to such tariffs may

impose reciprocal tariffs or other restrictive trade measures in response to

the imposition of tariffs by the United States.

Certain of Barnes & Noble Education's merchandise is sourced indirectly from

outside the United States.

Political or financial instability, merchandise

quality issues, product safety concerns, trade restrictions, work stoppages,

tariffs, foreign currency exchange rates, transportation capacity and costs,

inflation, civil unrest, natural disasters, public health crises, epidemics,

and pandemics, and other factors relating to foreign trade are beyond Barnes & Noble Education's control and could disrupt Barnes & Noble Education's supply of foreign-sourced merchandise.

Barnes & Noble Education is monitoring and evaluating any potential impacts that

increased tariffs and other trade restrictions may have on Barnes & Noble Education's business, and

considering ways in which Barnes & Noble Education may offset these impacts.

There is no assurance,

however, that Barnes & Noble Education will be successful in mitigating the effects on Barnes & Noble Education of

increased trade regulation in the current environment.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1A. Risk Factors