Scholastic reported a 14 percent increase in sales from continuing operations for their fiscal first quarter, at $315.6 million, with an improved net loss of $23 million (compared to a loss of $49.1 million a year ago.) The company says revenues were boosted by “higher sales of educational technology to schools and of children’s books in retail channels during the quarter.” CEO Dick Robinson cites “the arrival of Federal stimulus funds in local districts” as one factor in boosting education sales. In their children’s book publishing and distribution division, sales rose almost $15 million, to $76.2 million, though they had […]
