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 reports developments tied to its global children’s publishing, education and media business. Company news commonly covers children’s books, school-based book clubs and book fairs, classroom magazines, literacy and knowledge-building resources, and entertainment or character-driven publishing such as Dog Man and Captain Underpants.
Scholastic updates also address quarterly operating results, activity in its Children’s Book Publishing and Distribution, Education Solutions, and International segments, and capital allocation actions. Recurring financial news includes dividends, common-stock repurchases, tender-offer activity, sale-leaseback transactions, credit-facility use, and balance-sheet management alongside initiatives that expand book access and reading engagement.
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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.
Scholastic Corporation (NASDAQ: SCHL) has declared a quarterly cash dividend of $0.15 per share for the first quarter of fiscal 2021. The dividend will be paid on September 15, 2020 to shareholders recorded by the close of business on August 31, 2020. Scholastic is committed to literacy and education, being a major publisher and distributor of children's books and educational materials globally.
Scholastic Corporation (NASDAQ:SCHL) has announced the schedule for its fourth quarter and fiscal year 2020 earnings release. The earnings will be released on July 23, 2020, at around 4:00 PM (Eastern), with a subsequent conference call hosted by CEO Richard Robinson and CFO Kenneth Cleary at 4:30 PM that same day. Investors can participate via a toll-free number or listen to a webcast on the company’s websites. An archived replay of the call will be available until July 31, 2020.