The storyline behind Scholastic’s fiscal 2013 reports has been the adjustment back to normal as the previous year’s extraordinary THE HUNGER GAMES trilogy sales — which sold upwards of 50 million copies in fiscal 2012 — leveled off. The results were in line with or ahead of their revised guidance, even though the numbers reflect a reset for the company. They took another charge of 21 cents per share in the quarter “related to cost reduction and restructuring programs” that included $6.6 million in pretax severance payments. For the year ahead, they forecast similar results, projecting sales of approximately $1.8 billion, […]
