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 welcomes 27 student journalists to its Scholastic Kids Press program, celebrating its 25th class. Since 2000, over 500 Kid Reporters aged 10-14 have participated, developing media literacy skills and reporting on significant events. The program has covered historic moments like 9/11, Hurricane Katrina, and the COVID-19 pandemic, while interviewing influential figures such as Anderson Cooper, Michelle and Barack Obama, and Lin-Manuel Miranda.
The 25th cohort includes new and returning journalists from various regions of the U.S. and countries like Australia, Brazil, and the UK. The program emphasizes media literacy and unbiased reporting, encouraging students to uncover news through interviews and fact-checking. Many former Kid Reporters have pursued careers in journalism or found success in other fields.
Scholastic Kids Press aims to cultivate self-awareness, empathy, and compassion through storytelling, providing students with unique opportunities to engage with experts and newsmakers.
Scholastic (NASDAQ: SCHL) has declared a quarterly cash dividend of $0.20 per share for the second quarter of fiscal 2025. This dividend applies to both Class A and Common Stock shareholders. The payment is scheduled for December 16, 2024, with a record date of October 31, 2024. This announcement demonstrates Scholastic's commitment to providing regular returns to its shareholders, maintaining its dividend policy despite potential economic uncertainties.
Scholastic (NASDAQ:SCHL) has announced the schedule for its first quarter fiscal year 2025 earnings release and conference call. The earnings release is set for Thursday, September 26, 2024, at 4:00 PM ET and will be posted on the company's investor relations website. The conference call will follow at 4:30 PM ET on the same day, hosted by Peter Warwick, President and CEO, and Haji Glover, CFO and Executive Vice President.
Investors can access a live webcast of the call or register for dial-in details. Participants are encouraged to dial in five minutes before the scheduled start time to avoid delays. An archived webcast and accompanying slides will be available on the company's investor relations website after the call.
Scholastic (NASDAQ: SCHL) has appointed Stacey Jaffe as its new Chief Digital Officer, effective immediately. In this newly created role, Jaffe will lead Scholastic's data initiatives and digital practice, focusing on transforming customer insights into strategies and digital solutions. She will be responsible for enhancing the company's digital expression, improving customer experiences, and utilizing data to optimize business operations.
Jaffe, who joined Scholastic in 2018, previously served as Senior Vice President of Data & Digital Strategy. Her appointment underscores Scholastic's commitment to investing in growth opportunities and leveraging digital channels to create value for the company, customers, and shareholders. CEO Peter Warwick expressed enthusiasm for Jaffe's expanded role, highlighting her impressive achievements in digital expertise.
Scholastic (NASDAQ: SCHL) has released a Family Guide with new data from the Kids & Family Reading Report™: 8th Edition. The guide aims to support families in making books part of every child's upbringing. Key findings include:
- 90% of parents agree books create opportunities for conversation
- 79% of parents with 0-5-year-olds use children's books for parenting
- 51% of preschoolers are read aloud to 5-7 days a week
- 80% of parents with 6-11-year-olds want resources to support reading
- 63% of parents with teens believe it's important for children to read books with relatable characters
The report also highlights the mental health benefits of frequent reading among children. This free resource is particularly relevant amid the current youth mental health crisis.
Scholastic (NASDAQ: SCHL) reported its Q4 and fiscal 2024 results. Q4 revenues decreased 10% to $474.9 million, with operating income down 49% to $47.2 million. Full-year revenues fell 7% to $1,589.7 million, with operating income at $14.5 million, down 86%. The company faced headwinds in school-based businesses and consumer spending.
Key highlights:
- Acquired 9 Story Media Group, enhancing content creation strategy
- Strong performance of Dog Man series globally
- Returned over $181 million to shareholders in fiscal 2024
- Targeting 4-6% revenue growth for fiscal 2025
- Adjusted EBITDA target of $140-150 million for fiscal 2025
The company remains focused on long-term growth opportunities in children's books, reading, and media markets.
Scholastic (NASDAQ: SCHL) has declared a quarterly cash dividend of $0.20 per share for the first quarter of fiscal 2025. This dividend applies to both Class A and Common Stock shareholders. The payment is scheduled for September 16, 2024, and will be distributed to all shareholders on record as of the close of business on August 30, 2024. This announcement demonstrates Scholastic's commitment to providing regular returns to its investors, maintaining its dividend program despite ongoing economic challenges in the publishing industry.
Scholastic has announced the release of 'Run Away With Me,' a young adult love story by acclaimed author Brian Selznick, set for publication on April 1, 2025. The novel marks Selznick's debut in young adult literature and will be available in hardcover, ebook, and audiobook formats across multiple regions, including the U.S., Canada, the U.K., Australia, and New Zealand. The story follows American teenager Danny and Italian teenager Angelo, who fall in love over a summer in Rome. The book features over a hundred pages of illustrations and twice as many pages of prose. David Levithan, Scholastic's VP and Editorial Director, highlights the novel's ability to capture the intensity and romance of first love. Selznick drew inspiration from his time in Rome during the pandemic, crafting a narrative that connects historical love stories with the present.
Scholastic (NASDAQ:SCHL) has announced the schedule for its fourth quarter and fiscal year 2024 earnings release. The earnings report will be published on Thursday, July 18, 2024, at 4:00 PM ET on Scholastic's investor relations website. A conference call to discuss the earnings will follow at 4:30 PM ET, hosted by CEO Peter Warwick and CFO Haji Glover. The call will be accessible via live webcast and phone. An archived version of the webcast and slides will be available shortly after the live event on the same website.
Scholastic, the leading publisher of children's books, has announced the release of 'The Cartoonists Club,' a graphic novel by bestselling authors Raina Telgemeier and Scott McCloud. Scheduled for publication on April 1, 2025, the book will be available in the U.S. and worldwide, with a first printing of 750,000 copies. The project brings together Telgemeier, known for her extensive fan base and bestselling titles, and McCloud, a key figure in the comics industry. The book aims to blend narrative and instructional elements, inspiring young readers to explore the art of cartooning. This collaboration was facilitated by Cassandra Pelham Fulton and David Saylor of Scholastic, in a deal with Judy Hansen of Hansen Literary Management.
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