By Adam L. Cataldo
Shares of Scholastic climbed after the company said it is now in position to record strong earnings growth as it begins a new fiscal year.
The stock advanced 15%, to $24.80, in after-hours trading Thursday. It closed the market session down 4.6%, and has fallen 30% in the past year.
The global children's publishing, education and media company is targeting revenue growth of 2% to 4% for the fiscal year that began on June 1. Scholastic had revenue of $1.63 billion in fiscal year 2025, up 2% from the prior year. The New York City company forecasted adjusted earnings before interest, taxes and depreciation of $160 million to $170 million for this year, up from $145.4 million previously.
"As we begin fiscal 2026, we are now operating with a solid foundation and a focus on delivering strong earnings growth," President and Chief Executive Officer Peter Warwick said. "We've advanced a series of strategic and operational initiatives that enhance our ability to drive long-term growth and deliver greater value to shareholders." Those initiatives Scholatic's strategic reorganization, cost cuts, and evaluating options to optimize real-estate assets.
Warwick's comments came as the company reported fourth-quarter results, including a 7% increase in revenue, to $508.3 million.
Write to Adam L. Cataldo at adam.cataldo@wsj.com
(END) Dow Jones Newswires
July 24, 2025 19:14 ET (23:14 GMT)
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