Scholastic Corp Stock Price, News & Analysis

Scholastic (NASDAQ: SCHL) reported fiscal 2025 first quarter results, affirming its fiscal 2025 guidance. Revenues increased 4% to $237.2 million, while the operating loss decreased 11% to $88.5 million. The improved seasonal loss primarily reflected increased results in Children's Book Publishing and Distribution. Adjusted EBITDA improved 14% to a loss of $60.5 million.

Key highlights include:

• Children's Book Publishing and Distribution segment revenues increased 3% to $105.4 million
• Education Solutions revenues decreased 16% to $55.7 million
• The newly formed Entertainment segment reported revenues of $16.6 million
• International revenues remained in line with the prior year period, excluding currency exchange effects

The company remains focused on expanding its core businesses and developing new literacy programs. Scholastic expects to achieve its target of 90,000 book fairs in fiscal 2025 and anticipates benefits from upcoming releases in major franchises.

Scholastic (NASDAQ: SCHL) has appointed Jeffrey Mathews as its new Chief Growth Officer and Executive Vice President, effective immediately. Mathews, who rejoined Scholastic two years ago, will be responsible for refining and implementing the company's long-term growth strategy. He will continue to report to CEO Peter Warwick and lead corporate development, investor relations, and Scholastic's sustainability program.

Mathews brings over 30 years of experience in strategy, M&A, and investor relations to the role. He previously served as Executive Vice President of Corporate Development and Investor Relations at Scholastic, and has held various positions within the company since 2008. Warwick praised Mathews' contributions in reorienting the company toward growth and implementing strategies to unlock Scholastic's potential.

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.