Scholastic Gains After CEO Says Strong Growth Expected in New Fiscal Year

Dow Jones
Jul 25
 

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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