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 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.
Scholastic is adapting its Book Fairs amid the challenges of the 2020 academic year by offering drive-through, virtual, and revamped in-person options. These changes aim to provide students with a sense of normalcy while adhering to safety guidelines. The new models include safety kits for in-person fairs, outdoor setups for drive-through events, and an online platform for virtual shopping. Scholastic emphasizes the importance of these fairs in raising funds for schools and engaging students in reading despite ongoing disruptions.
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Scholastic has selected 45 students, aged 10-14, to join the Scholastic Kids Press program for the 2020-2021 academic year, representing 21 U.S. states and over 10 countries. These young journalists will cover critical issues, including the 2020 U.S. presidential election, while honing their writing and critical-thinking skills. The program aims to engage students amidst the COVID-19 pandemic, reaching 25 million students through its publications. Notable past Kid Reporter interviews include figures like Jane Goodall and Sonia Sotomayor.
Scholastic Corporation (NASDAQ: SCHL) reported FY2021 Q1 results, with revenues of $215.2 million, down 7% from $232.6 million in FY2020. Operating loss improved to $57.0 million from $87.4 million, a 35% reduction. Notably, cost savings of $100 million enhanced cash flow and preserved liquidity. Digital billings increased by 15%, reflecting strong demand for educational resources. However, delays in school openings may impact revenue for the next quarter. The company is optimistic about future growth in digital education and bestsellers.
On September 23, 2020, Scholastic Corporation (NASDAQ: SCHL) announced a quarterly cash dividend of $0.15 per share on Class A and Common Stock for Q2 of fiscal 2021. This dividend will be payable on December 15, 2020 to shareholders recorded by the close of business on October 30, 2020. Scholastic continues to support children's literacy through its extensive range of educational products and services worldwide, reinforcing its commitment to growth and shareholder value.
On September 21, 2020, Scholastic announced its commitment to support nearly 50,000 educators amid returning to school during the pandemic. They introduced innovative digital learning solutions, including Scholastic F.I.R.ST. for pre-K–2, Scholastic W.O.R.D. for K–5, and Scholastic Literacy Pro for K–8, recognized for Research-Based Design by Digital Promise. These programs aim to provide equitable learning opportunities with data-driven analytics, aiding students in building essential literacy skills regardless of their learning environment.
Scholastic Corporation (NASDAQ: SCHL) announced its first quarter fiscal year 2021 earnings release schedule. The earnings will be available on September 24, 2020, at approximately 4:00 PM Eastern time. A conference call will follow at 4:30 PM on the same day, hosted by Richard Robinson and Kenneth Cleary. Interested parties can join the call by dialing (877) 654-5161 or through the webcast on Scholastic's investor website. Archived materials will be available shortly after the call for those unable to attend.
On August 24, 2020, Scholastic launched a free educational website aimed at helping students in grades 3–12 learn about the 2020 United States Presidential Election. The site features resources including videos, quizzes, and articles focused on key election issues such as pandemic response and national security. It also hosts the Scholastic Student Vote, a mock election that has historically mirrored actual presidential outcomes. This initiative emphasizes civics education, supported by extensive research and expert consultation.
Scholastic celebrates its 100th anniversary by launching the Scholastic Bookshelf, an Instagram resource aimed at helping parents and teachers engage children on pressing life questions. This platform features excerpts from over 60 Scholastic stories, covering topics like anxiety and diversity. Research shows that 61% of parents and teachers frequently use stories to converse with children, and the Bookshelf meets their needs in real-time. Scholastic remains committed to providing age-appropriate educational resources and amplifying historically underrepresented voices.
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