Scholastic reported earnings for the fourth quarter of fiscal 2021, ending May 31, with sales of $401 million, rebounding strongly from $284 million a year ago — the first pandemic quarter — up 41% percent. In a release, the company cites “improving market conditions, strong demand for foundational literacy programs and summer reading, and top selling trade titles.” The company showed operating income of $9.7 million, back in the black compared to an operating loss a year ago of $46.2 million. Earnings were still held back by one-time pre-tax items, including settlement charges of $20 million “related to intellectual property […]
