Scholastic Corp (SCHL) Reports Q2 Loss of $1.33; Reaffirms

Scholastic Corp (NASDAQ: SCHL) reported Q2 EPS of ($1.33), versus ($0.70) reported last year. Revenue for the quarter came in at $262.9 million, versus $259.8 million reported last year.

GUIDANCE:

The Company has affirmed its guidance for fiscal year 2023 for revenues to increase 8% to 10% and Adjusted EBITDA (as defined in the accompanying tables) of $195 million to $205 million, up from $189 million in fiscal 2022, with the greatest contribution expected in the seasonally important second and fourth fiscal quarters.

For earnings history and earnings-related data on Scholastic Corp (SCHL) click here.

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