Scholastic released financial results for the third quarter ended February 28, with sales up 4 percent to $335 million, due to the acquisition of 9 Story Media and stronger sales in the school reading events segment (which comprises book clubs and book fairs). “Scholastic achieved modest revenue growth and improved operating results in the third quarter,” president and ceo Peter Warwick said in a release. “Despite increasing pressure on family and school spending on books and educational materials, strong performance by school book fairs and clubs, successful new titles and the addition of 9 Story Media Group contributed to positive […]
