Scholastic reported fiscal fourth quarter 2017 sales through May 31 of $499.6 million, down $14.2 million from a year ago, on lower sales in children’s publishing and distribution and international. Operating income for the quarter was $64.2 million, up $5.8 million on increased education sales and lower costs. Children’s trade sales were $43.3 million for the quarter (down $2.4 million from a year ago), though for the full year trade sales were $307.9 million on last year’s new Harry Potter books, compared to $211.7 million in fiscal 2016. The Potter gain comprised all of the year’s sales increase and then […]
