NASDAQ$SCHL
Scholastic Corporation · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Scholastic reported first quarter results, reflecting strategic investments in Education Solutions and a return to more normal seasonality.
Scholastic's first quarter results were on plan, with revenues increasing slightly but operating loss increasing significantly due to lower sales in Education Solutions and higher costs. The company affirmed its full-year guidance for fiscal year 2023.
- Revenues increased 1.2% to $262.9 million, driven by higher Book Fairs revenues but offset by lower revenues in Education Solutions.
- Operating loss increased $26.1 million to $58.1 million, primarily due to lower sales in Education Solutions and increased freight costs.
- The company strategically invested in long-term go-to-market capabilities and moved to acquire Learning OvationsTM.
- Scholastic reaffirmed its guidance for fiscal year 2023, expecting revenues to increase 8% to 10% and Adjusted EBITDA of $195 million to $205 million.
Headline financials
Revenue & EPS history
Scholastic · Revenue · Quarterly
$263M
Revenue by segment
Scholastic · $328M total across 4 segments · Q3 2026
- Children's Book Publishing and Distribution$198M—60.2%
- International$58.7M—17.9%
- Education Solutions$56.1M—17.1%
- Entertainment$16M—4.9%
Forward guidance
The Company has affirmed its guidance for fiscal year 2023 for revenues to increase 8% to 10% and Adjusted EBITDA of $195 million to $205 million, up from $189 million in fiscal 2022, with the greatest contribution expected in the seasonally important second and fourth fiscal quarters.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2023
-1.8%
Avg return
Earnings day
-2.4%
Avg return
5 days after
-0.3%
Avg return
30 days after
43%
29 / 68 earnings
Positive
+14.6%
Q4 2022
Best reaction
-24.1%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2026 | +8.7% | +14.2% | +16.2% | |
| Q2 2026 | -6.5% | +1.0% | +19.6% | |
| Q1 2026 | -12.2% | -4.5% | +3.2% | |
| Q4 2025 | -0.7% | +1.3% | +22.6% | |
| Q3 2025 | +12.9% | +0.3% | -13.3% | |
| Q2 2025 | -19.6% | -12.9% | -18.9% | |
| Q1 2025 | +8.0% | +0.9% | -17.2% | |
| Q4 2024 | -22.8% | -17.8% | -18.6% | |
| Q3 2024 | +2.7% | +2.5% | -4.9% | |
| Q2 2024 | -8.4% | -7.1% | -5.7% | |
| Q1 2024 | -14.2% | -5.1% | -5.8% | |
| Q4 2023 | +9.6% | +5.6% | +7.3% | |
| Q3 2023 | -24.1% | -23.9% | -14.1% | |
| Q2 2023 | +1.5% | +4.6% | +17.4% | |
| Q1 2023 | -20.0% | -28.8% | -19.5% | |
| Q4 2022 | +14.6% | +23.4% | +25.4% | |
| Q3 2022 | -11.6% | -10.8% | -6.9% | |
| Q2 2022 | +2.4% | +4.8% | +15.7% | |
| Q1 2022 | -1.3% | +2.5% | +4.9% | |
| Q4 2021 | -4.4% | -3.3% | -2.7% | |
| Q3 2021 | +3.0% | -6.9% | +5.2% | |
| Q2 2021 | -8.5% | -13.1% | -1.7% | |
| Q1 2021 | +2.4% | +3.2% | +9.7% | |
| Q4 2020 | -10.3% | -13.0% | -20.7% | |
| Q3 2020 | -1.8% | +13.2% | +29.3% | |
| Q2 2020 | +6.1% | -0.2% | -6.6% | |
| Q1 2020 | +2.4% | -3.4% | -2.7% | |
| Q4 2019 | +0.5% | +2.5% | -0.9% | |
| Q3 2019 | -4.2% | -0.4% | +0.8% | |
| Q2 2019 | -11.2% | -11.4% | -1.5% | |
| Q1 2019 | +8.9% | +5.7% | -4.0% | |
| Q4 2018 | -7.9% | -11.8% | -12.0% | |
| Q3 2018 | +3.1% | +5.8% | +13.9% | |
| Q2 2018 | -4.5% | -4.0% | -7.4% | |
| Q1 2018 | -5.9% | -5.9% | -2.9% | |
| Q4 2017 | -5.3% | -6.3% | -13.2% | |
| Q3 2017 | -4.9% | -6.7% | -2.5% | |
| Q2 2017 | +5.9% | +6.0% | +0.5% | |
| Q1 2017 | +0.2% | -0.5% | -0.3% | |
| Q4 2016 | +2.5% | +3.0% | -0.4% | |
| Q3 2016 | +4.1% | — | — | |
| Q2 2016 | -8.4% | — | — | |
| Q1 2016 | -3.3% | — | — | |
| Q4 2015 | +1.2% | — | — | |
| Q3 2015 | +6.0% | — | — | |
| Q2 2015 | -1.5% | — | — | |
| Q1 2015 | -6.3% | — | — | |
| Q4 2014 | +6.8% | — | — | |
| Q3 2014 | +1.7% | — | — | |
| Q2 2014 | +9.8% | — | — | |
| Q1 2014 | -3.3% | — | — | |
| Q4 2013 | -8.0% | — | — | |
| Q3 2013 | -15.4% | — | — | |
| Q2 2013 | -2.2% | — | — | |
| Q1 2013 | +1.9% | — | — | |
| Q2 2012 | +6.4% | — | — | |
| Q4 2012 | +6.4% | — | — | |
| Q3 2012 | -0.9% | — | — | |
| Q1 2012 | -2.7% | — | — | |
| Q4 2011 | -2.6% | — | — | |
| Q4 2009 | -2.6% | — | — | |
| Q3 2011 | -0.1% | — | — | |
| Q3 2010 | -0.1% | — | — | |
| Q2 2010 | +4.1% | — | — | |
| Q2 2011 | +4.1% | — | — | |
| Q4 2010 | -0.1% | — | — | |
| Q1 2010 | -0.1% | — | — | |
| Q1 2011 | -0.1% | — | — |
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