Scholastic Corp.

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Scholastic Reports Q1 Revenue Rose 21%

Published: 09/23/2021 20:16 GMT
Scholastic Corp. (SCHL) - Scholastic Reports Fiscal 2022 First Quarter Results.
Q1 Revenue Rose 21 Percent to $259.8 Million.
Qtrly Loss per Share $0.70.
Currently Experiencing Strong Demand for Its Products and Programs As Schools Begin to Re-open This Fall.
Expects Sequential Improvements in Its School-based Distribution Channels in Each Quarter of Current Fiscal Year.
Faces Certain Headwinds in Fiscal 2022 With Higher Labor Costs, Discontinuation of Certain Covid-related Government Subsidies.
Faces Certain Headwinds in Fiscal 2022 With Inflationary Pressures That Could Impact Paper, Freight and Other Operating Costs.