Potter Comparison Pulls Q1 Down at Scholastic, Though Other Trade Sales Improve Scholastic reported a net loss for their first quarter of $50.3 million, up sharply from a loss of $24.8 million a year ago in what is historically their weakest quarter. Revenues fell to $324 million, from $475 million a year ago. Comparisons suffer mightily next to last year’s summer release of “Harry Potter and the Order of the Phoenix,” which produced approximately $170 million in sales during the quarter. The children’s book division recorded sales of $122 million and an operating loss of $65 million, versus Potter-pumped sales […]
