Scholastic Corp. (NASDAQ:SCHL) shares fell after the company reported a wider fiscal 2026 first-quarter loss and results that missed Wall Street expectations on revenue and earnings.
Adjusted loss per share was $2.52, missing the consensus estimate of $2.44, while sales of $225.6 million came in below expectations of $238.91 million.
Revenue declined 5% from $237.2 million a year ago, pressured by weaker Education Solutions sales in a volatile funding environment. GAAP net loss widened to $71.1 million, or $2.83 per diluted share, compared with a net loss of $62.5 million, or $2.21 per share, in the prior-year period. Adjusted EBITDA improved 8% to a loss of $55.7 million.
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Children’s Book Publishing and Distribution revenue rose 4% to $109.4 million. Book Fairs revenue climbed 18% to $34.1 million, while Book Clubs revenue fell 33% to $1.8 …