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.

Founding CEO Vince Commisso & 9 Story Leadership Team to Join with Scholastic and Continue Leading State-of-the-Art, Premium Children's Content Production Facilities in Toronto, Dublin & Bali and Global Distribution and Licensing Teams NEW YORK and TORONTO , March 12, 2024 /PRNewswire/ -- Scholastic (NASDAQ: SCHL), the global children's publishing, education and media company, today announced it has signed a definitive agreement to invest in 9 Story Media Group. Through the investment, Scholastic will acquire 100% of the economic interest in and a minority of voting rights in 9 Story Media Group ("9 Story"), a leading independent creator, producer and distributor of premium children's content, for approximately USD $186 million, subject to customary closing adjustments.

Scholastic to Invest in 9 Story Media Group, Significantly Expanding Opportunities for Production and Global Licensing of Scholastic IP

NEW YORK , March 6, 2024 /PRNewswire/ -- Scholastic Corporation (NASDAQ:SCHL) today announced the following schedule and conference call information for its third quarter fiscal year 2024 earnings announcement: Earnings Release:  Thursday, March 21, 2024, at 4:00 PM ET and posted on the Company's investor relations website, investor.scholastic.com.  Conference Call: Thursday, March 21, 2024, at 4:30 PM ET hosted by Peter Warwick, President and CEO, and Haji Glover, CFO and Executive Vice President.

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

Storyvoice's Spring Programming Includes a Packed Lineup of Read-Aloud Events on February 7, 2024 in Celebration of World Read Aloud Day®  NEW YORK , Feb. 5, 2024 /PRNewswire/ -- Scholastic today announced the full spring schedule of programming from Storyvoice, the Company's digital home of live read alouds, including an all-star lineup of seven events with authors on February 7 th in celebration of World Read Aloud Day®—the global holiday created by LitWorld® and sponsored by Scholastic. Every Storyvoice event is free to attend and will feature multiple interaction segments where kids at home or in classrooms can read, draw, and connect with their favorite books, creators, and each other.

Join a Community of Readers Worldwide this Season and Make Interactive Read-Alouds with Authors a Weekly Routine with Scholastic's Storyvoice

Detroit Public Schools Community District, recognized for advancing student literacy, will receive a school library makeover for Mason Academy NEW YORK , Feb. 1, 2024 /PRNewswire/ -- Today, Scholastic, the global children's publishing, education, and media company, together with the Council of the Great City Schools (CGCS), a coalition of 78 of the nation's largest urban public-school systems, announced Detroit Public Schools Community District (DPSCD) as the winner of the Richard M. Robinson Literacy Champion Award.

Scholastic and the Council of the Great City Schools Names Detroit Public Schools Community District as the Richard M. Robinson Literacy Champion

NEW YORK , Jan. 8, 2024 /PRNewswire/ -- Scholastic (NASDAQ: SCHL), the global children's publishing, education and media company, today announced that Haji Glover has been named Scholastic's Executive Vice President & Chief Financial Officer, effective January 22, 2024. Succeeding current CFO Ken Cleary, who will fully transition to his new role as President of International, Mr.

Scholastic Appoints Haji Glover as Chief Financial Officer

Scholastic Corporation (NASDAQ:SCHL ) Q2 2024 Earnings Conference Call December 14, 2023 4:30 PM ET Company Participants Jeffrey Mathews - EVP, Corporate Development and IR Peter Warwick - President and CEO Ken Cleary - CFO and Acting President Conference Call Participants Brendan McCarthy - Sidoti Operator Good day and thank you for standing by. Welcome to the Scholastic Corporation Fiscal 2024 Second Quarter Earnings Call.

Scholastic Corporation (SCHL) Q2 2024 Earnings Call Transcript

Scholastic (SCHL) came out with quarterly earnings of $2.45 per share, missing the Zacks Consensus Estimate of $2.65 per share. This compares to earnings of $2.12 per share a year ago.

Scholastic (SCHL) Q2 Earnings and Revenues Miss Estimates

Scholastic Corporation (NASDAQ:SCHL) shares plummeted 11% after Thursday's closing bell as the children's education and media company reported fiscal second quarter earnings below Wall Street estimates and lowered its full-year profit and sales outlook. It posted 2Q earnings per share of $2.45, up 16% year-over-year but below estimates of $2.65.

Scholastic shares slump on slashed guidance; 2Q earnings miss

Shares of Scholastic Inc. SCHL, +3.62% dropped more than 10% in the extended session Thursday after the publisher's revenue dropped in the crucial back-to-school quarter, mostly as Scholastic's book-club business dwindled, and the company called for lower earnings for fiscal 2024. Scholastic faces “a currently complex environment in U.S. schools,” Chief Executive Peter Warwick said in a statement.

Scholastic's revenue drops in crucial back-to-school quarter, stock drops more than 10%

Diluted Earnings Per Share of $2.45, Up 16% From Prior Year Over $58 Million Returned to Shareholders in Second Quarter Board Approves an Additional $66 Million for Share Repurchases, Increasing Total Authorization to $100 Million NEW YORK , Dec. 14, 2023 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal second quarter ended November 30, 2023. Peter Warwick, President and Chief Executive Officer, said, "During the seasonally important, back-to-school second quarter, Scholastic delivered again on its mission and long-term opportunity as we face a currently complex environment in U.S. schools.

Scholastic Reports Fiscal 2024 Second Quarter Results

NEW YORK , Dec. 13, 2023 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL) announced today that its Board of Directors declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Common Stock for the third quarter of fiscal 2024. The dividend is payable on March 15, 2024, to all shareholders of record as of the close of business on January 31, 2024.

Scholastic Corporation Announces Third Quarter Dividend

NEW YORK , Dec. 7, 2023 /PRNewswire/ -- Scholastic Corporation (NASDAQ:SCHL) today announced the following schedule and conference call information for its second quarter fiscal year 2024 earnings announcement: Earnings Release:  Thursday, December 14, 2023, at 4:00 PM ET and posted on the Company's investor relations website, investor.scholastic.com.   Conference Call: Thursday, December 14, 2023, at 4:30 PM ET hosted by Peter Warwick, President and CEO, and Kenneth Cleary, CFO and Acting President, International.

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

Rights to LitCamp and MathCamp acquired by Scholastic, solidifying the Company's position as a leading provider of programs to accelerate student learning and build confidence through unique, high impact solutions designed for the summer weeks NEW YORK , Dec. 7, 2023 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today announced its expanded investment in summer learning, advancing its commitment to providing students, educators and families with year-round learning that not only closes the gap but propels student achievement. Scholastic has acquired rights to LitCamp, a foundational reading skills program for summer and extended learning created by Scholastic professional author and advisor Pam Allyn, from LitLife, Inc. Scholastic also acquired rights to MathCamp, a new companion program to LitCamp, from Dewey Inc. The terms of the transaction were not disclosed.

Scholastic Invests in Summer Learning with Expansion of PreK-8 Literacy and Math Portfolio

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Are Investors Undervaluing Scholastic (SCHL) Right Now?

Scholastic (SCHL) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Earnings Estimates Moving Higher for Scholastic (SCHL): Time to Buy?

Scholastic (SCHL) could produce exceptional returns because of its solid growth attributes.

Scholastic (SCHL) is an Incredible Growth Stock: 3 Reasons Why

28 Student Journalists Ages 10-14 from Around the World Selected to Report "News for Kids, by Kids"  NEW YORK , Sept. 27, 2023 /PRNewswire/ -- Today, Scholastic officially welcomed 28 student journalists from around the world to the award-winning Scholastic Kids Press program for the 2023-2024 academic year.

Scholastic Announces 2023-2024 Kid Reporters

Scholastic Corporation (SCHL) missed revenue and profit estimates for the quarter ended Aug. 31, as lagging book sales impacted the publisher's core business.

Earnings Miss of the Week: Lower Book Sales Drag Down Scholastic's Revenue

The company missed revenue and earnings estimates. Revenue dropped 13% year over year, which led to an operating loss for the fiscal first quarter.

Why Scholastic Stock Dropped on Friday

Scholastic (NASDAQ: SCHL ) stock is falling on Friday after the publishing company released its earnings report for the fiscal first quarter of 2024. The bad news for SCHL stock starts with its adjusted earnings per share of -$2.20.

Why Is Scholastic (SCHL) Stock Down 15% Today?

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Scholastic stock tumbles on loss, Activision share rises on Microsoft deal news and more moving stocks

Scholastic (SCHL) came out with a quarterly loss of $2.20 per share versus the Zacks Consensus Estimate of a loss of $1.35. This compares to loss of $1.33 per share a year ago.

Scholastic (SCHL) Reports Q1 Loss, Misses Revenue Estimates

Scholastic Corporation (NASDAQ:SCHL ) Q1 2024 Earnings Conference Call September 21, 2023 4:30 PM ET Company Participants Jeffrey Mathews - Executive Vice President, Corporate Development and Investor Relations Peter Warwick - President and Chief Executive Officer Ken Cleary - Chief Financial Officer Conference Call Participants Brendan McCarthy - Sidoti Operator Thank you for standing by and welcome to today's conference entitled Scholastic Reports First Quarter Fiscal Year 2024 Results. At this time, all participants are in a listen-only mode.

Scholastic Corporation (SCHL) Q1 2024 Earnings Call Transcript

Shares of Scholastic Corp. SCHL slid 12.7% after hours on Thursday after the children's book publisher reported a worse-than-expected loss for the second quarter and held to its full-year outlook. The company reported a fiscal first-quarter net loss of $74.2 million, or $2.35 a share, compared with a loss of $45.4 million, or $1.33 a share, in the same quarter last year.

Scholastic shares dive after hours on worse-than-expected quarterly loss

Scholastic Corporation (NASDAQ:SCHL) shares tumbled more than 12% in after-hours trading on Thursday as the children's publishing, education and media company reported a drop in revenue and a growing loss for the first quarter of fiscal 2024 when compared to the same period last year.    For the quarter ended August 31, 2023, it reported revenue of $228.5 million, down 13% from $262.9 million in the year-ago quarter.

News for Scholastic Stock (SCHL)