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Scholastic Returns to Pre-Pandemic Levels As Book Fairs Rebound, Forecasts 8 to 10 Percent Growth in Next Year

July 22, 2022
By Katy Hershberger

Scholastic announced fourth quarter and full-year results for 2022, for the period ended May 31, with gains that “exceeded expectations for this rebuilding year,” president and ceo Peter Warwick said on a call with investors, due to a rebound in in-person book fairs and strong results in the educational business. Q4 sales were $514 million, up 28 percent from last year and ahead of the same periods in 2018 ($496 million) and 2019 ($471 million). Operating income was $65.5 million, up significantly from $9.7 million in the same quarter last year. Earnings were $53.7 million compared to $8 million last […]

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Filed Under: Earnings Reports, Publishers

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