Scholastic Reports Mixed Q1 Results, Shares Rise 5%

NEW YORK – Scholastic Corporation, the global children’s publishing and media company, announced its fiscal first quarter results, surpassing revenue expectations and resulting in a 5.5% increase in shares during after-hours trading.

The company reported a loss of $2.13 per share for the quarter ending August 31, which was wider than analysts’ predictions of a loss of $1.81 per share. However, revenue reached $237.2 million, exceeding the consensus estimate of $235.61 million.

Traditionally, Scholastic’s first quarter is its slowest due to the summer school break. The company noted a modest improvement in its operating loss compared to the previous year.

"During our first quarter, Scholastic prepared for another important back-to-school season, as we executed on our long-term growth initiatives," commented Peter Warwick, President and CEO of Scholastic.

Year-over-year revenue increased by 4%, attributed partly to contributions from the recently acquired 9 Story Media Group, though this was somewhat offset by declining sales in supplemental curriculum products within the Education Solutions segment.

The Children’s Book Publishing and Distribution segment experienced a 3% rise in revenues, totaling $105.4 million, with Book Fairs revenue increasing by 5%.

Scholastic reaffirmed its fiscal 2025 guidance and emphasized its commitment to expanding core businesses and developing new literacy programs.