Scholastic and the Half-Bloodless Quarter Scholastic’s first quarter report suffers mightily from comparison to last year’s Harry Potter-fueled period, and is historically the company’s weakest reporting period anyway. Sales of $335 million were down $163 million from a year ago, and losses more than doubled, to $47 million. The children’s book publishing and distribution segment was down $112 million from a year ago, registering $275 million in sales, while the operating loss more than tripled, to $67 million. Given that the drop in HP sales was $180 million, other segments of the business picked up considerably, due both to new […]
