Scholastic reported earnings results yesterday afternoon for the first quarter of fiscal 2021, ending August 31. Sales were $215 million, down 7 percent compared to $233 million last year, due largely to the delayed reopening of schools. Trade revenue was down $2.2 million, to $71.9 million compared to $74.1 million last year, as the new Dave Pilkey Dog Man book released on September 1, the first day of the second quarter. (“It’s doing extremely well and is outpacing the Dog Man from the year before,” ceo Dick Robinson said on the conference call for analysts.) Book clubs and fairs remained […]
