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) 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 An archived version of the webcast and slides will be available shortly after the live event on the same website.
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.
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.
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.
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.
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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