Scholastic

Scholastic Corp. engages in the publication and distribution of children's books, magazines, and teaching materials. It operates through the following segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment includes the publication and distribution of children's books, e-books, media, and interactive products. The Education segment publishes and distributes children's books, other print and on-line reference, non-fiction and fiction focused products, classroom magazines and classroom materials to schools and libraries. The International segment offers products and services outside the United States by the firm's international operations, export, and foreign rights businesses. The company was founded by Maurice R. Robinson in 1920 and is headquartered in New York, NY.

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Scholastic reports strong Q4 performance and addresses literacy challenges

Scholastic's Q4 results showcased strong performance and improved margins, but challenges include headwinds in the retail bookselling market and softer spending trends in schools. The company is focused on sustainable growth, leveraging Children's Book businesses, and addressing literacy issues through federal and state funding measures.

Scholastic reports Q3 losses, focuses on growth amid challenges

Scholastic faces challenges from market headwinds, high costs, and delays impacting financial results, while showcasing strengths in the Children's book segment and Education Solutions investments.
The company's proactive approach to operational efficiency and capital allocation strategy positions it well for growth opportunities and cost management, despite current challenges.
With a focus on driving growth initiatives and managing costs, Scholastic aims to navigate obstacles, capitalize on opportunities, and enhance financial performance in the future.

Scholastic reports robust Q4 earnings, eyes growth through literacy initiatives

Scholastic's strong financial performance in Q4 and full year, coupled with a focus on long-term growth strategies, position the company well for fiscal 2024 and beyond. Despite challenges in international markets and softer spending in education, the company remains confident in its opportunities for growth and shareholder value creation.

Scholastic reports Q1 losses but eyes growth through literacy

Scholastic's Q1 2024 performance reflects a mix of strengths, challenges, and opportunities.
Management's focus on literacy, successful book sales, and strategic investments underpin future growth.
Addressing revenue declines and cost challenges while leveraging growth opportunities will be key.
Overall, Scholastic remains committed to its fiscal 2024 guidance and shareholder value creation.

Scholastic Q2 2024 Earnings: Resilience Amidst Challenges, Strategic Growth Initiatives

Scholastic's Q2 2024 performance showcased resilience amidst challenges, with a focus on optimizing revenue streams and operational efficiency across segments.
While facing revenue declines in certain segments, the company capitalized on strengths in Trade Publishing and Book Fairs, indicating strategic adaptability and market responsiveness.
By addressing challenges in Book Clubs and international markets, Scholastic aims to leverage opportunities in education solutions and share repurchases for sustained growth and shareholder value.

Scholastic reports mixed Q3 results, eyes growth opportunities ahead

Scholastic's Q3 performance showed mixed results with revenue declines in some segments but growth in others. The company is focused on achieving its financial targets, enhancing capabilities through acquisitions, and addressing challenges in specific divisions.

Scholastic reports Q4 revenue decline, eyes growth amid challenges

Scholastic faced revenue declines in Q4 2024 but demonstrated strengths in strategic investments and shareholder returns.
Challenges in Children's Books and Education Solutions segments were offset by opportunities for growth and market navigation.
The company's focus on modest growth in fiscal 2025 and strong free cash flow position it well for future opportunities.
Scholastic's performance reflects a mix of challenges and strengths, with a strategic outlook for the upcoming fiscal year.

Scholastic reports Q1 revenue growth, eyes long-term profitability

Scholastic's Q1 performance showed revenue growth and improved operational metrics, with a focus on long-term growth initiatives.
The company faces challenges in certain segments but has opportunities for operational improvements and profitability.
Strengthened by successful releases and positive segment performance, Scholastic affirms its fiscal year 2025 guidance.
With a strategic focus on growth and returning capital to shareholders, Scholastic aims for sustained performance.

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Scholastic Corp. engages in the publication and distribution of children's books, magazines, and teaching materials. It operates through the following business segments: Children's Book Publishing and Distribution, Education Solutions, and International. The Children's Book Publishing and Distribution segment includes the publication and distribution of children's books, e-books, media, and interactive products. The Education segment publishes and distributes children's books, other print and on-line reference, non-fiction and fiction focused products, classroom magazines and classroom materials to schools and libraries. The International segment offers products and services outside the United States. The company was founded by Maurice R. Robinson in 1920 and is headquartered in New York, NY.

The Company Affirms Fiscal 2024 Guidance Over $42M Returned to Shareholders in Quarter NEW YORK , Sept. 21, 2023 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal first quarter ended August 31, 2023.

Scholastic Reports Fiscal 2024 First Quarter Results

NEW YORK , Sept. 14, 2023 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL) today announced the following schedule and conference call information for its first quarter fiscal year 2024 earnings announcement: Earnings Release:  Thursday, September 21, 2023, at 4:00 PM ET and posted on the Company's investor relations website, investor.scholastic.com.

Scholastic Corporation Announces Date for First Quarter Fiscal 2024 Earnings Release and Conference Call

Pre-K through 5th grade students and teachers at Priority elementary schools in Tennessee will be able to "shop" for books and literacy resources, at no cost, through Governor's Early Literacy Foundation's OWL Fest, in partnership with the Tennessee Department of Education NASHVILLE, Tenn. , Sept. 13, 2023 /PRNewswire/ -- Governor's Early Literacy Foundation, in partnership with the Tennessee Department of Education (TDOE), today announces Opportunities with Literacy (OWL) Fest, a curated bookstore and shopping experience, that will travel to 31 Priority elementary schools across Tennessee in September.

Students at Priority Elementary Schools Can "Shop" for Free Books at Governor's Early Literacy Foundation's Opportunities with Literacy (OWL) Fest in September

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Children's use of screens has risen sharply since 2018, with a significant increase among 6–11-year-olds participating in digital activities Data highlights importance of access to books kids want and parent support NEW YORK , Sept. 11, 2023 /PRNewswire/ -- Today, Scholastic (NASDAQ: SCHL), the global children's publishing, education and media company, released new data from the Kids & Family Reading Report™: 8th Edition, building on more than a decade's worth of research highlighting the views of both kids and parents on reading books for fun and the influences that impact kids' reading frequency.

New Data from the Scholastic Kids & Family Reading Report™ Finds Kids are Reading Less as They Age, with Adolescents the Most at Risk of Missing Out on the Benefits of Reading

President of International Beth Polcari Named President of Education Solutions, Succeeding Rose Else-Mitchell Chief Financial Officer Ken Cleary to Transition to President of International, Upon Completion of Current Executive Search Process NEW YORK , Aug. 16, 2023 /PRNewswire/ -- Scholastic (NASDAQ: SCHL), the global children's publishing, education and media company, today announced key leadership transitions. Beth Polcari, previously President of International, has been named President of Education Solutions, effective immediately.

Scholastic Announces Key Leadership Transitions

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In its latest fiscal year, Scholastic's profit growth outpaced its revenue growth. The company needs to keep growing profits ahead of revenue if it's going to keep rewarding shareholders at the current level.

Why Scholastic Stock Soared Today

Scholastic Corporation (NASDAQ:SCHL) has reported stronger-than-expected fourth-quarter earnings and guided for an increase in 2024 revenue, sending its shares over 12% higher on Friday morning.  The global children's publishing, education and media company attributed the performance to its response to the short-term headwinds encountered earlier in the year as well as the operational efficiencies it has achieved since the Covid-19 pandemic.

Scholastic rallies on 2Q earnings beat; bullish guidance

Scholastic Corporation (NASDAQ:SCHL ) Q4 2023 Earnings Call Transcript July 20, 2023 4:30 PM ET Company Participants Jeffrey Mathews - Executive Vice President, Corporate Development and IR Peter Warwick - President and CEO Ken Cleary - Chief Financial Officer Conference Call Participants Brendan McCarthy - Sidoti Operator Thank you for standing by, and welcome to today's program entitled Scholastic Reports Fourth Quarter and Fiscal Year 2023 Results. At this time, all participants are in listen-only mode.

Scholastic Corporation (SCHL) Q4 2023 Earnings Call Transcript

Shares of Scholastic Corp. SCHL, -1.70% rallied more than 6% in the extended session Thursday after the publishing company reported better-than-expected fiscal fourth-quarter profit and said it expects up to 5% revenue growth for the year. Scholastic said it earned $76 million, or $2.26 a share, in the quarter, compared with $52 million, or $1.46 a share, in the year-ago quarter.

Scholastic stock jumps 6% as publishing company calls for up to 5% revenue growth for the year

Fourth Quarter Operating Income Up 40% Driven by Improved Results in All Segments Fiscal 2023 Results Meet or Exceed Company's Revised Guidance Board Approves $100 Million Increase in Share Repurchase Authorization, After Company Returns Over $160 Million to Shareholders in Fiscal Year NEW YORK , July 20, 2023 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal fourth quarter and full year ended May 31, 2023. Peter Warwick, President and Chief Executive Officer, said, "Scholastic finished fiscal 2023 strongly, with fourth quarter operating income up significantly from last year's record level and full year results meeting or exceeding revised guidance.

Scholastic Reports Fourth Quarter and Fiscal 2023 Results

NEW YORK , July 13, 2023 /PRNewswire/ -- Scholastic Corporation (NASDAQ:SCHL) today announced the following schedule and conference call information for its fourth quarter and fiscal year 2023 earnings announcement: Earnings Release: Thursday, July 20, 2023, at 4:00 PM ET and posted on the Company's investor relations website, investor.scholastic.com. Conference Call: Thursday, July 20, 2023, at 4:30 PM ET hosted by Peter Warwick, President and CEO, and Kenneth Cleary, CFO.

Scholastic Corporation Announces Date for Fourth Quarter and Fiscal 2023 Earnings Release and Conference Call

NEW YORK , June 27, 2023 /PRNewswire/ -- Scholastic (NASDAQ: SCHL), the global children's publishing, education and media company, today released new data points from the Kids & Family Reading Report™: 8th Edition, highlighting parents' and kids' views on the lasting impacts of the pandemic on children's mental health, as well as the positive benefits strong literacy habits have on a child's mental wellbeing. To learn more about the Scholastic Kids & Family Reading Report, visit: www.scholastic.com/readingreport.

NEW DATA FROM THE SCHOLASTIC KIDS & FAMILY READING REPORT™: 8TH EDITION STRENGTHENS EVIDENCE FOR POSITIVE CONNECTION BETWEEN MENTAL HEALTH OF KIDS AND LITERACY

Programs for Eva the Owlet, Stillwater, and Clifford the Big Red Dog® Actively Seeking Licensees in All Categories for Boys and Girls Ages Ranging from 2 to 8 NEW YORK , June 12, 2023 /PRNewswire/ -- Scholastic Entertainment, the media division of Scholastic, today announced an exciting expansion of the company's entertainment licensing with the launch of new programs connected to hit television properties Eva the Owlet and Stillwater , both currently available for streaming on Apple TV+. These two programs join existing licensing programs for properties including Clifford the Big Red Dog®, which just announced both new products and the addition of new licensees—bringing the total licensee count for the beloved brand to 28.

SCHOLASTIC ENTERTAINMENT GROWS MEDIA LICENSING WITH THE LAUNCH OF BRAND-NEW PROGRAMS FOR MAJOR PROPERTIES STILLWATER AND EVA THE OWLET AND EXPANSION FOR CLIFFORD THE BIG RED DOG

Governor's Early Literacy Foundation, in collaboration with Scholastic, expands its K-3 Home Library program to benefit all rising 1st, 2nd and 3rd grade students, media specialists and librarians statewide NASHVILLE, Tenn. , June 8, 2023 /PRNewswire/ -- To combat learning loss and strengthen early literacy in Tennessee, Governor's Early Literacy Foundation (GELF) today announced the expansion of its K-3 Home Library program to now include all rising 1st, 2nd and 3rd grade students enrolled in a public school, as well as librarians and media specialists.

Governor's Early Literacy Foundation Delivers 1.2M Books to TN Students & Teachers Over the Summer to Strengthen Reading Proficiency

NEW YORK , June 5, 2023 /PRNewswire/ -- Scholastic (NASDAQ: SCHL), the global children's publishing, education and media company, today announced that Sasha Quinton has been named Executive Vice President and President, School Reading Events. Previously EVP and President, School Book Fairs, Ms.

SCHOLASTIC NAMES SASHA QUINTON EXECUTIVE VICE PRESIDENT AND PRESIDENT OF THE NEWLY INTEGRATED SCHOOL READING EVENTS DIVISION

Representing one of the cornerstones of the global educational material ecosystem, few doubt the relevancy of  Scholastic Corporation ( US:SCHL ).

Scholastic Sees Bullish Options Implications Despite Rough Year

Integrated school reading events business to launch in June led by Sasha Quinton, currently Book Fairs President Former Book Clubs President Judy Newman named Company's first Chief Impact Officer, leading partnerships to expand access to books and literacy NEW YORK , April 3, 2023 /PRNewswire/ -- Scholastic (NASDAQ: SCHL), the global children's publishing, education and media company, today announced plans to combine its market-leading U.S. Book Fairs and Book Clubs divisions into an integrated school reading events business.  The transition process is expected to be completed and the new organization launched by June, in advance of the 2023/2024 school year.

Scholastic Announces Plans to Strategically Combine School Book Fairs and Book Clubs Divisions

Scholastic saw revenue drop 6% year over year and posted a net loss in its most recent quarter. It also lowered its fiscal-year 2023 expectations for revenue and earnings.

Why Scholastic Stock Was Tanking on Friday

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Deutsche Bank drops, weighing on banking stocks and Scholastic tumbles on disappointing results

Scholastic Corporation (NASDAQ:SCHL ) Q3 2023 Earnings Conference Call March 23, 2023 4:30 PM ET Company Participants Jeffrey Mathews - Executive Vice President, Corporate Development and IR Peter Warwick - President and CEO Ken Cleary - Chief Financial Officer Conference Call Participants Operator Thank you for standing by, and welcome to Scholastic's Third Quarter Fiscal Year 2023 Earnings Call. At this time, all participants are in a listen-only mode.

Scholastic Corporation (SCHL) Q3 2023 Earnings Call Transcript

Shares of Scholastic Corp. SCHL, -2.32% dropped 12% in the extended session Thursday after the children's publishing, education and media company reported a wider quarterly loss, saying its education business suffered as school districts continue to manage staff shortages and retail demand for children's books softened. Scholastic also dialed down its outlook for the year.

Scholastic stock sinks 12% after publisher's quarterly loss widens, outlook lowered

Continued Growth in Children's Books, Led by Book Fairs, Despite Challenging Bookselling Market Over $53M Returned to Shareholders in Quarter; Board Authorizes Additional $50M for Share Repurchases NEW YORK , March 23, 2023 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal third quarter ended February 28, 2023. Peter Warwick, President and Chief Executive Officer, said, "Scholastic navigated short-term headwinds in domestic and international markets, which contributed to modest sales declines and higher losses in our seasonally small third quarter.

Scholastic Reports Fiscal 2023 Third Quarter Results

NEW YORK , March 16, 2023 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL) today announced the following schedule and conference call information for its third quarter fiscal year 2023 earnings announcement: Earnings Release: Thursday, March 23, 2023, at 4:00 PM ET and posted on the Company's investor relations website, investor.scholastic.com.  Conference Call: Thursday, March 23, 2023, at 4:30 PM ET hosted by Peter Warwick, President and CEO, and Kenneth Cleary, CFO.

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