Scholastic reported fiscal second quarter results Thursday morning, for the period through November 30, with another Harry Potter boost from Fantastic Beasts lifting sales, albeit less dramatically than the gains the previous quarter from HP and the Cursed Child. Sales of $623 million were up $21 million, or 3.5 percent, with operating profit of $111.4 million up $5.7 million. Trade publishing sales were $98.5 million — up $36.8 million “on the strength of Harry Potter publishing” (while in the previous quarter, Potter drove a $69.6 million gain). Strong trade sales helped make up for declines of $4.8 million in book fairs […]
