Revenue during the quarter went up marginally by 0.62 percent to $521.62 million from $518.42 million in the previous year period. Gross margin for the quarter contracted 105 basis points over the previous year period to 22.22 percent. Operating margin for the quarter period stood at positive 1 percent as compared to a negative 0.47 percent for the previous year period.

Operating income for the quarter was $5.20 million, compared with an operating loss of $2.44 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $18.81 million compared with $24.19 million in the prior year period. At the same time, adjusted EBITDA margin contracted 106 basis points in the quarter to 3.61 percent from 4.67 percent in the last year period.

"In the third quarter, the trends we saw in the second quarter continued, including lower enrollments, a competitive market for textbook sales and a soft retail environment, all of which contributed to comparable store sales declines. We have taken decisive steps to address the dynamic market environment, including expanding our price match program and enhancing our suite of affordable learning materials with OER courseware," said Max J. Roberts, chief executive officer, Barnes & Noble Education.

For the financial year 2017, Barnes & Noble Education, Inc. projects revenue to grow at 2.50 percent.