Welcome to our dedicated page for Scholastic news (Ticker: SCHL), a resource for investors and traders seeking the latest updates and insights on Scholastic stock.
Scholastic Corporation (NASDAQ: SCHL) is the world's largest publisher and distributor of children's books, and a leading provider of both print and digital instructional materials from pre-kindergarten to grade 12. For over a century, Scholastic has been committed to fostering literacy and intellectual growth among children globally. The company is well-known for its diverse range of products that include best-selling books, e-books, and technology-based learning materials, as well as its classroom magazines and educational media.
Some of Scholastic's flagship titles include globally beloved series such as Harry Potter, The Hunger Games, Clifford the Big Red Dog, Goosebumps, and The Magic School Bus. These offerings are part of its three main business segments: Children's Book Publishing and Distribution, Education Solutions, and International.
Scholastic's recent initiatives highlight its continuous innovation in the educational field. The company has launched the 2023-2024 Teacher Fellows program, which collaborates with educators to develop effective classroom resources. Furthermore, the company's investment in 9 Story Media Group aims to expand its reach in children's media, enhancing its ability to bring quality educational content to various platforms.
In a recent partnership with Little Free Library, Scholastic has also demonstrated its commitment to increasing book accessibility by donating 50,000 copies of Dog Man to underserved communities. Another notable project is the
Scholastic (NASDAQ: SCHL) reported Q2 FY2025 results with revenues decreasing 3% to $544.6 million and operating income declining 26% to $74.7 million. The company reaffirmed its fiscal 2025 guidance and announced an upsized revolving credit facility of $400 million.
Key financial metrics include:
- Diluted EPS of $1.71, down from $2.45 year-over-year
- Adjusted EBITDA decreased 12% to $108.7 million
- Book Fairs revenue down 5% to $231.0 million
- Book Clubs revenue up 2% to $33.2 million
- Trade revenue down 13% to $102.8 million
The company continues to expand through strategic initiatives, including the integration of 9 Story Media Group and upcoming releases like Dog Man: Big Jim Begins and the fifth Hunger Games book, Sunrise on the Reaping, scheduled for March 2025.
Scholastic (NASDAQ: SCHL) has declared a quarterly cash dividend of $0.20 per share on both its Class A and Common Stock for the third quarter of fiscal 2025. The dividend will be paid on March 14, 2025, to shareholders recorded as of the close of business on January 31, 2025.
Scholastic (SCHL) has released its third annual Philanthropic Impact Report, highlighting its initiatives to enhance global literacy and book access. Through partnerships with organizations like Scripps Howard Foundation, Book Trust, and Save the Children, the company reached over 30 million children and 350,000 teachers through book distributions within nonprofit networks.
The report emphasizes the company's collaborative efforts in developing educational programs to support children's learning success. Research from the Scholastic Kids & Family Reading Report™ reveals that 54% of children obtain their recreational reading materials through school-related channels, including school libraries, book fairs, and teacher order forms.
Scholastic (NASDAQ:SCHL) has scheduled its second quarter fiscal year 2025 earnings announcement for Thursday, December 19, 2024. The earnings release will be published at 4:00 PM ET and will be available on the company's investor relations website. A conference call will follow at 4:30 PM ET, hosted by President and CEO Peter Warwick and CFO Haji Glover. The call will include a live webcast accessible through a provided link, and participants can register for phone access through a separate link. An archived webcast and slides will be available on the investor relations website after the call.
Scholastic announces major global initiatives for Dav Pilkey's Dog Man series, including the release of 'Dog Man: Big Jim Begins' with a 5 million copy first printing. The series has achieved over 60 million books in print across 47 languages. DreamWorks Animation will release the Dog Man movie on January 31, featuring Pete Davidson and Ricky Gervais. Pilkey will embark on an international tour starting at the Library of Congress, including stops in major U.S. cities, London, and Dublin. Future plans include a new book in Fall 2025, costume character appearances, and literacy programs providing free books to 50,000 students.
Scholastic (NASDAQ: SCHL) reported fiscal 2025 first quarter results, affirming its fiscal 2025 guidance. Revenues increased 4% to $237.2 million, while the operating loss decreased 11% to $88.5 million. The improved seasonal loss primarily reflected increased results in Children's Book Publishing and Distribution. Adjusted EBITDA improved 14% to a loss of $60.5 million.
Key highlights include:
- Children's Book Publishing and Distribution segment revenues increased 3% to $105.4 million
- Education Solutions revenues decreased 16% to $55.7 million
- The newly formed Entertainment segment reported revenues of $16.6 million
- International revenues remained in line with the prior year period, excluding currency exchange effects
The company remains focused on expanding its core businesses and developing new literacy programs. Scholastic expects to achieve its target of 90,000 book fairs in fiscal 2025 and anticipates benefits from upcoming releases in major franchises.
Scholastic (NASDAQ: SCHL) has appointed Jeffrey Mathews as its new Chief Growth Officer and Executive Vice President, effective immediately. Mathews, who rejoined Scholastic two years ago, will be responsible for refining and implementing the company's long-term growth strategy. He will continue to report to CEO Peter Warwick and lead corporate development, investor relations, and Scholastic's sustainability program.
Mathews brings over 30 years of experience in strategy, M&A, and investor relations to the role. He previously served as Executive Vice President of Corporate Development and Investor Relations at Scholastic, and has held various positions within the company since 2008. Warwick praised Mathews' contributions in reorienting the company toward growth and implementing strategies to unlock Scholastic's potential.
Scholastic welcomes 27 student journalists to its Scholastic Kids Press program, celebrating its 25th class. Since 2000, over 500 Kid Reporters aged 10-14 have participated, developing media literacy skills and reporting on significant events. The program has covered historic moments like 9/11, Hurricane Katrina, and the COVID-19 pandemic, while interviewing influential figures such as Anderson Cooper, Michelle and Barack Obama, and Lin-Manuel Miranda.
The 25th cohort includes new and returning journalists from various regions of the U.S. and countries like Australia, Brazil, and the UK. The program emphasizes media literacy and unbiased reporting, encouraging students to uncover news through interviews and fact-checking. Many former Kid Reporters have pursued careers in journalism or found success in other fields.
Scholastic Kids Press aims to cultivate self-awareness, empathy, and compassion through storytelling, providing students with unique opportunities to engage with experts and newsmakers.
Scholastic (NASDAQ: SCHL) has declared a quarterly cash dividend of $0.20 per share for the second quarter of fiscal 2025. This dividend applies to both Class A and Common Stock shareholders. The payment is scheduled for December 16, 2024, with a record date of October 31, 2024. This announcement demonstrates Scholastic's commitment to providing regular returns to its shareholders, maintaining its dividend policy despite potential economic uncertainties.
Scholastic (NASDAQ:SCHL) has announced the schedule for its first quarter fiscal year 2025 earnings release and conference call. The earnings release is set for Thursday, September 26, 2024, at 4:00 PM ET and will be posted on the company's investor relations website. The conference call will follow at 4:30 PM ET on the same day, hosted by Peter Warwick, President and CEO, and Haji Glover, CFO and Executive Vice President.
Investors can access a live webcast of the call or register for dial-in details. Participants are encouraged to dial in five minutes before the scheduled start time to avoid delays. An archived webcast and accompanying slides will be available on the company's investor relations website after the call.
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