Scholastic Reports Improved Fiscal 2026 Profitability Despite Revenue Decline
Despite a 3% revenue drop in fiscal 2026 to $1.6 billion, Scholastic Corporation (NASDAQ:SCHL) reported stronger profitability due to cost discipline and improved performance from book fairs and entertainment segments. Adjusted operating income rose by 32% year-over-year to $47.1 million, while adjusted EBITDA increased slightly to $151.5 million. The company's book fair segment was a standout performer with revenue up 5% for the full year to $576 million and over 103,000 fairs held. Looking ahead, Scholastic expects modest growth in fiscal 2027, forecasting revenue increases of 2-4%. Adjusted EBITDA is projected between $135 million and $145 million. Management anticipates improvements across book fairs, trade publishing, and entertainment segments while expecting stabilization in the education segment later this year.
Topics: book_fairs cost_discipline guidance profitability revenue