Scholastic Corp Stock Price, News & Analysis

Scholastic Corporation (NASDAQ:SCHL) has scheduled its third quarter fiscal year 2022 earnings release for March 17, 2022, at approximately 4:00 PM (Eastern). The release will be available on the company's investor relations and media room websites. A conference call led by CEO Peter Warwick and CFO Kenneth Cleary will follow at 4:30 PM (Eastern), accessible via a dedicated dial-in number or online. The archived webcast will be available post-call, with audio replay options until March 25, 2022.

Scholastic Magazines+ has launched Storyworks 1, designed to enhance reading skills for first graders. Building on the success of previous Storyworks editions, this new title aims to reach 1.6 million students and caters to every elementary grade. The magazine will feature a mix of genres and multimedia resources, including videos and family engagement opportunities. The initiative comes as a response to the learning losses from the pandemic, aiming to rekindle the joy of reading and support social-emotional development in young learners.

On January 19, 2022, Scholastic and LitWorld announced the World Read Aloud Day Book Fest, a series of virtual events designed to celebrate the power of storytelling. Kicking off on January 31 and concluding on February 2, these events will feature literacy experts and authors, including Tami Charles, the 2022 Author Ambassador. The 13th annual celebration will promote reading aloud, which over 80% of families cherish. Activities include read-aloud tutorials, workshops, and live sessions with popular authors. More details can be found at www.scholastic.com/worldreadaloudday.

Scholastic announces the release of I Am Ruby Bridges, a picture book by Civil Rights icon Ruby Bridges, illustrated by bestselling artist Nikkolas Smith. Set to launch on September 6, 2022, it tells Bridges' story from her perspective as a six-year-old, showcasing her role in desegregating schools in Louisiana. This book aims to inspire children and emphasizes the importance of seeing history through a child's eyes. The project marks the beginning of a new collaboration with Bridges, who has a significant history with Scholastic.

Scholastic Corporation (NASDAQ: SCHL) reported a strong fiscal second quarter ending November 30, 2021, with revenues of $524.2 million, up 29% from $406.2 million in the prior year. Operating income rose 71% to $83.4 million. The U.S. book fairs and education solutions drove revenue growth, compensating for a decline in book clubs due to fulfillment issues. Despite challenges from COVID-19 and rising costs, the company remains optimistic about future performance, bolstered by digital investments and a strong product lineup. Free cash flow reached $75.4 million, showcasing improved liquidity.

On December 15, 2021, Scholastic Corporation (NASDAQ: SCHL) announced a quarterly cash dividend of $0.15 per share for its Class A and Common Stock. This dividend will be paid on March 15, 2022, to shareholders on record as of January 31, 2022. This move reflects the company's commitment to returning value to shareholders while continuing its role as a leader in children's education and literacy.

Scholastic Corporation (NASDAQ:SCHL) has announced its schedule for the second quarter fiscal year 2022 earnings release. The earnings will be publicly released on December 16, 2021, at approximately 4:00 PM ET, and accessible via the company's investor website. A conference call will follow at 4:30 PM ET, hosted by President and CEO Peter Warwick and CFO Kenneth Cleary, with participation details provided. Archived webcasts will also be available post-call. Scholastic has over 100 years of experience in promoting children's literacy and education.

Scholastic announces the release of Cat Kid Comic Club: On Purpose, a new title in the bestselling series by Dav Pilkey, set to launch on April 5, 2022, in multiple countries including the U.S., Canada, and U.K. This follows the recent publication of Cat Kid Comic Club: Perspectives. The series has received numerous accolades for its humor and art, engaging children worldwide. Pilkey's work accounts for significant market shares in graphic novels and middle-grade sales, indicating strong demand and potential for continued success.

On December 1, 2021, Scholastic announced a virtual event featuring J.K. Rowling discussing her new book, The Christmas Pig, airing on YouTube on December 8 at 1 p.m. ET. To celebrate, Scholastic will donate 100,000 children's books to 100 Title 1 schools and 10,000 books to Toys for Tots. The book debuted at #1 on the New York Times bestseller list, maintaining the position for six weeks. It follows Rowling's previous bestseller, The Ickabog, showcasing the company's strong presence in children's literature.