Scholastic reported fiscal third quarter results on Wednesday afternoon, with sales of $345 million, an increase of 2.5 percent from $336 million a year ago. The seasonal operating loss from continuing operations was $23.7 million, a slight improvement over the previous year’s operating loss of $24.7. Trade publishing sales were $50.2 million, up $1 million from a year ago. Book club revenues declined by $2.6 million, while book fair sales increased by $2 million. Overall segment operating loss was $0.9 million, compared to operating profit of $6.3 million in the prior year period, which the Scholastic attributes to “a favorable […]
