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Scholastic Corp - SCHL STOCK NEWS

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

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Scholastic (NASDAQ:SCHL) has announced the schedule for its fourth quarter and fiscal year 2024 earnings release. The earnings report will be published on Thursday, July 18, 2024, at 4:00 PM ET on Scholastic's investor relations website. A conference call to discuss the earnings will follow at 4:30 PM ET, hosted by CEO Peter Warwick and CFO Haji Glover. The call will be accessible via live webcast and phone. An archived version of the webcast and slides will be available shortly after the live event on the same website.

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Scholastic, the leading publisher of children's books, has announced the release of 'The Cartoonists Club,' a graphic novel by bestselling authors Raina Telgemeier and Scott McCloud. Scheduled for publication on April 1, 2025, the book will be available in the U.S. and worldwide, with a first printing of 750,000 copies. The project brings together Telgemeier, known for her extensive fan base and bestselling titles, and McCloud, a key figure in the comics industry. The book aims to blend narrative and instructional elements, inspiring young readers to explore the art of cartooning. This collaboration was facilitated by Cassandra Pelham Fulton and David Saylor of Scholastic, in a deal with Judy Hansen of Hansen Literary Management.

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Scholastic (NASDAQ: SCHL) has finalized its investment in 9 Story Media Group, a leading producer of children's content. The transaction, valued at CAD $250 million (approx. USD $182 million), was completed following approval from the Canadian Heritage Minister and satisfaction of customary conditions. This investment allows Scholastic to enhance its content creation and distribution capabilities, leveraging 9 Story's extensive library and production expertise. Scholastic plans to maintain its regular dividend and stock repurchase program, funding the deal through available cash and credit facilities. The collaboration is expected to drive long-term earnings growth and top-line improvements.

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Scholastic announced the release of a new Dog Man book by Dav Pilkey on December 3, 2024. Titled 'Dog Man: Big Jim Begins,' it delves into the origin of Big Jim, a beloved character. The announcement follows the success of 'Dog Man: The Scarlet Shedder,' which topped bestseller lists. Additionally, DreamWorks Animation will release a Dog Man feature film in January 2025. Since its launch in 2016, over 60 million Dog Man books have been printed and translated into 47 languages, highlighting the series' global impact. The series emphasizes creativity, imagination, and positive messages.

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Scholastic Education Solutions announced the pre-order of Our Stories Decodables, a collection of 24 culturally affirming decodable books for young readers, available for classrooms in September. The collection supports children in grades K-2, aiming to increase representation among young readers, particularly Black and Hispanic children. The series was designed to support young readers in developing essential reading skills grounded in the Science of Reading. The collection includes stories from various cultures and was written by authors representing diverse backgrounds, including first-time writers from Historically Black Colleges and Universities.

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Mob Entertainment and Scholastic have entered into a multi-year partnership to extend the popular video game series 'Poppy Playtime' into various book genres. The first release, 'Poppy Playtime Orientation Notebook', delves into the lore of Playtime Co. and Huggy Wuggy, offering an immersive experience for fans. The collaboration aims to explore diverse storytelling landscapes and create expanded stories for readers of all ages.

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Dog Man's latest installment, The Scarlet Shedder, dominates global bestseller lists, achieving remarkable sales figures in the U.S., Canada, Australia, New Zealand, Ireland, and the U.K. The book sold over a quarter of a million copies in its first week in the U.S. alone, with significant sales growth in Australia, New Zealand, and Canada. The U.K. witnessed a 48% increase in first-week sales compared to the previous installment, marking it as the most successful hardback release in recent times. With over 60 million copies in print and translations into 47 languages, Dog Man continues to captivate readers worldwide.
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Scholastic (SCHL) reported a 7% increase in consolidated trade sales for the fiscal third quarter ended February 29, 2024. The company announced an agreement to invest in 9 Story Media Group, expanding opportunities in global children's IP. Over $60 million was returned to shareholders in the third quarter. Scholastic's success in children's book publishing and entertainment showcased its leadership in building beloved franchises and brands.
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Scholastic appoints Alix Guerrier and Kaya Henderson as independent directors to its board, bringing extensive education and technology experience.
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Scholastic (SCHL) declares a quarterly cash dividend of $0.20 per share for the fourth quarter of fiscal 2024, payable on June 17, 2024.
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FAQ

What is the current stock price of Scholastic (SCHL)?

The current stock price of Scholastic (SCHL) is $24.64 as of November 1, 2024.

What is the market cap of Scholastic (SCHL)?

The market cap of Scholastic (SCHL) is approximately 697.8M.

What does Scholastic Corporation specialize in?

Scholastic Corporation specializes in publishing and distributing children's books and educational materials, both in print and digital formats.

What are some popular titles published by Scholastic?

Some popular titles include Harry Potter, The Hunger Games, Clifford the Big Red Dog, Goosebumps, and The Magic School Bus.

What are the main business segments of Scholastic?

The main business segments are Children's Book Publishing and Distribution, Education Solutions, and International.

How does Scholastic support teachers?

Scholastic supports teachers through programs like the Teacher Fellows program and offers classroom resources and instructional materials tailored to current educational needs.

What recent partnerships has Scholastic entered?

Recent partnerships include an investment in 9 Story Media Group and a collaboration with Little Free Library to donate books to underserved communities.

How does Scholastic contribute to literacy development?

Scholastic contributes to literacy development by providing a wide range of books, e-books, and educational materials that support learning both at school and at home.

Where can I learn more about Scholastic's latest news?

You can visit Scholastic's official website or their media room at http://mediaroom.scholastic.com for the latest news and updates.

What new initiatives has Scholastic recently launched?

Recent initiatives include the Teacher Fellows program and the release of new educational resources like the Our Stories Decodables collection.

What educational levels do Scholastic's materials cover?

Scholastic provides educational materials for pre-kindergarten through grade 12.

Scholastic Corp

Nasdaq:SCHL

SCHL Rankings

SCHL Stock Data

697.81M
27.31M
21.83%
83.73%
2.13%
Publishing
Books: Publishing Or Publishing & Printing
Link
United States of America
NEW YORK