Scholastic reported earnings for the fiscal second quarter ended November 30, with sales of $524 million, rebounding $118 million or 29 percent from a year ago. The gain still leaves them short of pre-COVID levels, with sales of $597.2 in 2019 and $604.7 million in 2018. In-person school book fairs resumed at about 70 percent of pre-pandemic levels and the company said those earnings exceeded expectations, with higher sales of educational materials as well, as students returned to school. The operating profit excluding one-time items was $84 million, up from $54 million last year (2019: $105 million; 2018: $98 million), […]
