Scholastic beat earnings by 1.4% on reduced share count from $269M in buybacks and a 25% dividend hike, but revenue missed by 7.9% as school funding pressures hammered Education segment and Trade comparisons proved brutal against last year's Hunger Games release.
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Scholastic Corporation is a global leader in publishing and distributing children's books, known for beloved series like Harry Potter, Hunger Games, and Clifford The Big Red Dog. Beyond books, Scholastic offers eBooks, media, and interactive products through school book clubs, fairs, and retail channels. It also provides educational solutions with classroom magazines, materials, and programs, supporting teachers and students alike. Additionally, Scholastic has an international presence, offering books and educational materials in multiple languages. Founded in 1920, Scholastic continues to enrich the minds of young readers and educators worldwide from its New York headquarters.
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