Scholastic Corp Stock Price, News & Analysis

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 An archived version of the webcast and slides will be available shortly after the live event on the same website.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.

Scholastic (NASDAQ: SCHL) has finalized its investment in 9 Story Media Group, a leading producer of children's content. The transaction, valued at CAD $250 million (approx. USD $182 million), was completed following approval from the Canadian Heritage Minister and satisfaction of customary conditions. This investment allows Scholastic to enhance its content creation and distribution capabilities, leveraging 9 Story's extensive library and production expertise. Scholastic plans to maintain its regular dividend and stock repurchase program, funding the deal through available cash and credit facilities. The collaboration is expected to drive long-term earnings growth and top-line improvements.

Scholastic announced the release of a new Dog Man book by Dav Pilkey on December 3, 2024. Titled 'Dog Man: Big Jim Begins,' it delves into the origin of Big Jim, a beloved character. The announcement follows the success of 'Dog Man: The Scarlet Shedder,' which topped bestseller lists. Additionally, DreamWorks Animation will release a Dog Man feature film in January 2025. Since its launch in 2016, over 60 million Dog Man books have been printed and translated into 47 languages, highlighting the series' global impact. The series emphasizes creativity, imagination, and positive messages.

Scholastic Education Solutions announced the pre-order of Our Stories Decodables, a collection of 24 culturally affirming decodable books for young readers, available for classrooms in September. The collection supports children in grades K-2, aiming to increase representation among young readers, particularly Black and Hispanic children. The series was designed to support young readers in developing essential reading skills grounded in the Science of Reading. The collection includes stories from various cultures and was written by authors representing diverse backgrounds, including first-time writers from Historically Black Colleges and Universities.

Mob Entertainment and Scholastic have entered into a multi-year partnership to extend the popular video game series 'Poppy Playtime' into various book genres. The first release, 'Poppy Playtime Orientation Notebook', delves into the lore of Playtime Co. and Huggy Wuggy, offering an immersive experience for fans. The collaboration aims to explore diverse storytelling landscapes and create expanded stories for readers of all ages.