Scholastic reported fourth quarter and full-year results for the period ending May 31 on Thursday afternoon. As expected, school closures due to coronavirus weighed heavily on their performance for the quarter, with overall sales of $284 million, down 40 percent compared to $471 million last year. Trade sales, however, surged to $80.4 million from $55.4 million last year — led by the big release of Suzanne Collins’ The Ballad of Songbirds and Snakes, plus continuing sales for Dav Pilkey’s Dog Man books, and Raina Telgemeier’s Guts, but also boosted in general by the early lockdown surge in educational books for […]
