Scholastic reports Q2 adjusted EPS $1.82 vs. $2.45 last year

Reports Q2 revenue $544.6M vs. $562.6M last year. Peter Warwick, President and Chief Executive Officer, said, “Scholastic’s (SCHL) proprietary school-based channels continued to deliver the joy and excitement of books and reading this fall, and our publishing and entertainment divisions moved ahead with exciting plans for this fiscal year and next. As we outlined when announcing our first quarter earnings, second quarter results were lower than a year ago, primarily reflecting the timing of this year’s publishing releases. Confident in our ability to navigate a dynamic market and achieve our plan for the remainder of the year, we have reaffirmed our guidance for fiscal 2025.”