Scholastic reported Q2 results for the period ending November 30, 2018, again showing strong results in children’s trade books, which is a modest part of their overall sales, which were up slightly overall. Second quarter revenue was $604.7 million, an increase of 1 percent compared to $598.3 million in the second quarter of 2018 – despite a negative affect from the new ASC 606 revenue recognition guidelines. The new accounting rules lowered revenues by $10.8 million in the quarter, whereas in the first quarter the rules changes had added $9.3 million to sales. Adjusted EBITDA was $123.2 million for the […]
