Scholastic reported earnings results for the second quarter ended November 30, with sales of $588 million, up 12 percent from $524 million last year, driven by “strong results” in Children’s Book Publishing and Distribution and gains in Book Fairs. Operating income was 20 percent ahead of last year, at $100.1 million, and adjusted EBITDA was $122.3 million, a 14 percent gain. The company credited these results to higher sales and profits in the Children’s Books segment, as well as “cost containment” related to inflation. Trade sales, which had reached all-time high levels, dipped 4 percent to $120 million due to […]
