Scholastic reported earnings for the second quarter ended November 30, with sales up 1 percent to $551 million. Operating income for the quarter rose 11 percent to $83 million and operating income excluding one-time items increased 20 percent to $95 million. Adjusted EBITDA grew 13 percent to $122.5 million. In the Children’s Book Publishing and Distribution segment, sales were $381 million, up 4 percent, and operating income was $109 million, up 6.6 percent—increases attributed to improvements in trade and book fair sales. Trade sales were up 7 percent to $110 million thanks to a new Dog Man book. Book club […]
