Scholastic reported earnings for the second quarter of fiscal 2021 ended November 30, with total sales of $406 million, down 32 percent from $597 million a year ago. The decline in operating income was even steeper, to $49 million, more than halved from $105 million last year. The trade division continued to perform very well, however: Sales were $126 million, up from $104 million, a 21 percent increase lead by new titles from Dave Pilkey and J.K. Rowling. But their big book fair business and, to a lesser extent, their books clubs, continue to be sidelined, with only a third […]
