Loss Narrows at Scholastic, As HP Does $240 Million Sales at Scholastic reached $587 million in their Potter-powered fiscal first quarter and the company’s traditional loss was narrowed to $2.8 million (compared to $46.9 million a year ago). The children’s book publishing and distribution comprised $342 million of sales, with overall Harry Potter revenue reaching $240 million. (Last year Potter contributed $5 million in the same period.) That dramatic sales change still yielded just $2.7 million in profit, though a year ago the division lost $67.3 million in the same period. (The school book clubs and fairs typically “generate minimal […]
