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 (SCHL) delivers trusted educational content and children's media through its global publishing networks. This page provides investors and stakeholders with a centralized resource for official press releases, financial updates, and strategic developments from the leader in children's literacy solutions.
Discover timely updates across Scholastic's core operations: book publishing innovations, education technology initiatives, and multimedia expansions of beloved literary franchises. Our curated news collection enables informed analysis of SCHL's market position in educational publishing and family entertainment.
Key content categories include earnings announcements, leadership updates, product launches, and partnerships advancing childhood literacy. All materials are sourced directly from Scholastic's corporate communications to ensure accuracy and compliance.
Bookmark this page for streamlined access to SCHL's latest developments. Monitor how the company's 100-year legacy in educational publishing evolves through digital innovation and global community engagement.
Scholastic Corporation (NASDAQ: SCHL) reported financial results for the fiscal third quarter ending February 28, 2021, revealing a revenue decline of 26% to $277.5 million compared to $373.3 million in the previous year, mainly due to reduced sales in school book fairs amid ongoing COVID-19 restrictions. Despite the revenue drop, the operating loss improved to $24.2 million from $60.0 million year-over-year, aided by cost-reduction efforts. Net loss decreased by 68% to $13.9 million. Notably, the company's trade publishing segment thrived, showcasing strong growth in bestselling titles.
Scholastic Corporation (NASDAQ: SCHL) has declared a quarterly cash dividend of $0.15 per share on its Class A and Common Stock for Q4 of fiscal 2021. This dividend is payable on June 15, 2021 to shareholders recorded by the close of business on April 30, 2021. This announcement reflects the company's commitment to returning value to shareholders.
Scholastic Corporation (NASDAQ:SCHL) announced its schedule for the third quarter fiscal year 2021 earnings release on March 18 at 4:00 PM (Eastern). The conference call follows at 4:30 PM, featuring Chairman Richard Robinson and CFO Kenneth Cleary. Interested participants can join by calling (877) 654-5161 or +1 (678) 894-3064 for international calls. A live webcast will be available on Scholastic's investor website. An archived version of the call will be accessible post-event. Scholastic is recognized for its contributions to children's literacy and education globally.
Scholastic announced the release of Kaleidoscope, a new novel by acclaimed author and illustrator Brian Selznick, set for publication on September 21, 2021. The book targets readers aged 10 and up and is described as a multi-dimensional narrative exploring themes of love and loss, featuring twenty-four chapters with unique illustrations. Scholastic's Trade Division President, Ellie Berger, praised Selznick's innovative storytelling, while Brian Selznick highlighted how the pandemic influenced the transformation of the narrative.
Scholastic Corporation (NASDAQ: SCHL) reported a 32% revenue decline in its fiscal second quarter, totaling $406.2 million due to COVID-19 disruptions affecting book fairs. Operating income fell 54% to $48.8 million. Despite challenges, trade and education segments showed resilience, with famous titles driving a 21% increase in trade sales. The company achieved $69.5 million in cost reductions and aims for improved profit margins as schools reopen. However, no financial outlook for FY2021 was provided due to ongoing uncertainties.
Scholastic (NASDAQ: SCHL) has announced key leadership appointments effective January 1, 2021. Beth Polcari transitions to President, International, succeeding Nelson Hitchcock, who retires after 15 years. Rose Else-Mitchell rejoins as President, Education Solutions, leading the merger of two divisions into a single group by June 1, 2021. Current Education President, Greg Worrell, will advise on partnerships until his retirement in December 2021. These changes aim to enhance growth and global impact as Scholastic enters its second century.
Scholastic Corporation (NASDAQ: SCHL) has declared a quarterly cash dividend of $0.15 per share on its Class A and Common Stock for the third quarter of fiscal 2021. The dividend will be paid on March 15, 2021, to shareholders on record by the close of business on January 29, 2021. This announcement reflects the company's ongoing commitment to returning value to shareholders while maintaining its strong position in the children's publishing market.
Scholastic Corporation (NASDAQ:SCHL) has announced its schedule for the second quarter fiscal year 2021 earnings release. The earnings will be released on December 17, 2020, at approximately 4:00 PM Eastern, accessible via the company's websites. A subsequent conference call will occur on the same day at 4:30 PM Eastern, hosted by CEO Richard Robinson and CFO Kenneth Cleary. Interested parties can join by calling (877) 654-5161 or +1 (678) 894-3064 for international calls. An archived version of the call will be available until December 24, 2020.
Scholastic has partnered with civil rights icon Ruby Bridges to launch a multi-book publishing program featuring three new picture books. This collaboration celebrates Bridges' legacy on the 60th anniversary of her groundbreaking integration into an all-white elementary school. The first book, I Am Ruby Bridges, will be published in spring 2022, followed by Dear Ruby Bridges in spring 2023, and A Talk with My Teacher. The initiative aims to educate children about diversity and inclusion, aligning with Bridges' mission to inspire young minds.
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