Children's Book Publishing and Distribution Growth
Revenues for the first quarter increased by 4% to $109.4 million, driven by growth in school book fairs with book fair revenue increasing by 18%.
Strong Performance in International Segment
International segment revenues rose to $59.4 million from $56.8 million, driven by higher revenues in Australia, the U.K., and Asia, and continued optimization efforts.
Real Estate Monetization Progress
Significant investor interest in the monetization process of the SoHo headquarters and Jefferson City distribution center.
Expansion in Scholastic Entertainment
Launch of the first-ever Scholastic branded streaming app and integration of 9-story Media Group into strategy, with 1.2 million YouTube subscribers.
Successful Integration in Children's Book Group
Integration of trade fairs and clubs into the new Children's Book group, focusing on streamlining operations and driving early cost savings.