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 widely known as a global children's publishing, education and media company, and its news flow reflects that focus on literacy, content and capital allocation. Company press releases and filings regularly describe Scholastic as the world's largest publisher and distributor of children's books, a provider of literacy curriculum and classroom magazines, and a producer of children's media with reach into more than 135 countries.
News related to SCHL often centers on financial results, strategic initiatives and developments across its segments. Earnings announcements provide updates on the performance of Children's Book Publishing and Distribution, Education Solutions, Entertainment and International, with commentary on trends in book fairs, book clubs, trade publishing and education funding. These releases also highlight the impact of major franchises such as Dog Man, The Hunger Games and Harry Potter on global publishing and international sales.
Investors following Scholastic news can also expect updates on capital allocation and balance sheet actions. Recent items have included details on sale-leaseback transactions for the company’s New York City headquarters and Jefferson City, Missouri distribution center, the resulting net proceeds, and how those proceeds relate to priorities such as debt reduction and share repurchases. Dividend declarations and changes to share repurchase authorizations are another recurring theme.
Governance and leadership developments appear in SCHL news as well, including board changes, director appointments, and management roles tied to growth strategy and education operations. For example, the company has announced new leadership for its education division and described efforts to refine product portfolios and go-to-market execution in a challenging funding environment.
This news page aggregates these types of updates so readers can follow Scholastic’s financial performance, strategic decisions, educational initiatives and IP-driven media activities over time.
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.
Scholastic (NASDAQ: SCHL) appointed Mary Beech as Chief Marketing & Transformation Officer, effective January 1, 2022. This new role aims to enhance customer centricity and data-driven strategies, particularly in digital engagement. Beech, who has been a board member since 2018, will now oversee initiatives to better connect with educators, caregivers, and children. With a strong background in marketing from brands like Disney and Kate Spade, she seeks to innovate how Scholastic delivers on its mission of promoting literacy among children.
On November 3, 2021, Scholastic announced the School District of Philadelphia as the inaugural winner of the Richard M. Robinson Literacy Champion Award. This award, named after late Chairman Richard Robinson, recognizes urban school districts for advancing reading achievement. Philadelphia's General George G. Meade School will receive over 6,000 books, a library renovation, and a one-year site license to Scholastic Literacy Pro®. These initiatives aim to enhance literacy access and promote a culture of reading among students.