Business
Scholastic Reports Fiscal 2026 Second Quarter Results
Double-Digit Earnings Growth Driven by Best-Selling Global PublishingBoard Authorizes $150 Million Expanded Share Repurchase Authorization as Initial Step to
About this update from Scholastic Corporation
[{"type":"text","content":"Double-Digit Earnings Growth Driven by Best-Selling Global PublishingBoard Authorizes $150 Million Expanded Share Repurchase Authorization as Initial Step to Deploy Proceeds from Successful Sale-Leaseback Transactions NEW YORK, Dec. 18, 2025 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal second quarter ended November 30, 2025.\n \n \n \n \n \n \n \nPeter Warwick, President and Chief Executive Officer, said, \"Scholastic delivered strong performance in the second quarter and successfully executed on key strategic and financial initiatives. Book Fairs delivered a successful back-to-school season, with higher fair count and increased revenue per fair. Trade publishing results were similarly strong, led by Dav Pilkey's best-selling Dog Man: Big Jim Believes, the 14th title in the global phenomenon, alongside new special edition releases for The Hunger Games® and Harry Potter® franchises.\"In Entertainment, we expanded the reach of our IP, with growing engagement across digital platforms – particularly on YouTube and the new Scholastic-branded streaming app, which has garnered over 3.5 million views since September's launch – and three premium animated series in production with major media partners, an early sign of the anticipated turn-around in production greenlights in the industry. Together, these results highlight the enduring strength of Scholastic's children's franchises and the significant opportunity ahead to extend it across channels and formats.\"Over the past four years, Scholastic has been remade with a singular purpose: realizing the power of our unmatched brand, IP, channels and balance sheet for long-term growth, impact and value creation. Marking another milestone in this transformation, we closed the successful sale-leasebacks of the Company's major real estate assets. These transactions unlock over $400 million in net proceeds to advance our capital allocation priorities, including returning cash to shareholders. As a first step to deploy this incremental cash, our Board has increased the Company's open-market share repurchase authorization to $150 million, building on the nearly $500 million returned to shareholders and 25% reduction in share count we've achieved since 2021.\"Like our ca...