Scholastic Reports Q4 And Fiscal 2019 Results And Outlook
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Scholastic Corp (SCHL) Misses Q4 EPS by 1c, Reveunes Beat; Offers FY20 Revenue Guidance Above Consensus
July 25, 2019 4:17 PM EDTScholastic Corp (NASDAQ: SCHL) reported Q4 EPS of $0.84, $0.01 worse than the analyst estimate of $0.85. Revenue for the quarter came in at $470 million versus the consensus estimate of $456.8 million.
"Outstanding trade book sales globally were overshadowed by sales tax collection issues, which affected our book clubs, and increased services and incentives in book fairs, responding to expanded competition, as well as higher costs in printing, paper and labor," said Richard Robinson, Chairman, President and Chief Executive Officer. "As we begin fiscal year 2020, we are driving operating margin expansion through pricing and cost management. We are more... More
