Scholastic reported results for the first quarter of fiscal year 2025, with sales of $ 237 million, up 4 percent from the same period last year, due to strong sales from 9 Story Media Group and offset by declines in the education segment. The seasonal operating loss improved 11 percent to $(88.5) million, attributed to gains in the children’s publishing and distribution segment. Adjusted EBITA was $(60.5) million, compared to $(70.6) million in 2024. The company’s stock rebounded on better-than-expected results, rising over 10 percent in early Friday trading. Trade book sales gained 2 percent to $73.9 million, due mainly […]
