Scholastic Corp.

+1.04 (+3.22%)
Debt Financing / Related, Other Pre-Announcement

Scholastic Reports Fiscal 2021 First Quarter Results

Published: 09/24/2020 20:14 GMT
Scholastic Corp. (SCHL) - Scholastic Reports Fiscal 2021 First Quarter Results.
Q1 Loss per Share $1.16.
Q1 Revenue Fell 7 Percent to $215.2 Million.
Q1 Loss per Share $0.90 Excluding Items.
Substantially Completed Work on Lowering Its Cost Base by $100 Million.
Not Providing a Financial Outlook for Fiscal Year 2021.
Believes That a Significant Portion of Cost Savings, New Measures, Should Continue to Favorably Impact Future Period Results.
Outlook for Trade and Education Businesses Remains Positive for Fiscal 2021.
Believes That Business Conditions Should Improve in H2 of Its Fiscal Year.