Scholastic Built Up Inventory to Delay Tariff Impacts -- Market Talk
Dow Jones
Mar 21
1152 ET - Scholastic has been actively working to navigate quickly changing U.S. trade policies through supplier diversification and flexible sourcing processes, CEO Peter Warwick says on a call with analysts. "Where we are not able to avoid tariffs, we have opportunities to protect gross margins through modest and targeted price increases," he adds. The company expects minimal tariff-related exposure through the first half of its fiscal 2026, thanks to having already purchased most inventory needs for that time period, Warwick says. Beyond that, tariffs are likely to hurt Scholastic's operations. Shares rise 11%. (connor.hart@wsj.com)
(END) Dow Jones Newswires
March 21, 2025 11:52 ET (15:52 GMT)
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