SCHOLASTIC REPORTS FOURTH QUARTER AND FISCAL 2022 RESULTS LED BY RECORD REVENUE PER FAIR LEVELS AND STRONG EDUCATION SOLUTIONS SALES

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Go back to SCHOLASTIC REPORTS FOURTH QUARTER AND FISCAL 2022 RESULTS LED BY RECORD REVENUE PER FAIR LEVELS AND STRONG EDUCATION SOLUTIONS SALES

Scholastic Corp (SCHL) Reports Q2 EPS of $1.72

July 21, 2022 4:38 PM EDT

Scholastic Corp (NASDAQ: SCHL) reported Q2 EPS of $1.72, versus $0.90 reported last year. Revenue for the quarter came in at $514 million, versus $401.4 million reported last year.

Outlook:

In fiscal 2023, the Company expects the overall demand for independent reading resources at home and in school to remain strong, and management will continue to reallocate investments to yield the best returns by focusing on the value of the Company's intellectual property, expanding its education solutions channel and, where appropriate, adjust product pricing.

In the book fairs channel, the Company will strategically increase fair count,... More