Scholastic reported fiscal first quarter sales through August 31, returning to a normal quarter after last year’s boost from the release of Harry Potter and the Cursed Child. Sales were $189 million — down from $283 million a year ago, but close to the $191 million in the same quarter two years ago. The company traditionally has a seasonal loss in the first quarter while school is out of session, though this time losses were heavier at $102 million — compared to $62.5 million last year, and $79.5 million the year before that. But the analyst still covering the stock […]
