Scholastic Corporation (SCHL) Earnings
Scholastic Corporation is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $2.16. SCHL has beaten EPS estimates in 4 of its last 9 reported quarters (average surprise +43.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Mar 19, 2026 | $-0.37 | $-0.15 | +59.5% | $329M | -0.6% |
| Dec 18, 2025 | $2.07 | $2.57 | +24.2% | $551M | +66.2% |
| Sep 18, 2025 | $-2.44 | $-2.52 | -3.3% | $226M | -59.2% |
| Mar 20, 2025 | $-0.78 | $-0.05 | +93.6% | $335M | -32.2% |
| Dec 19, 2024 | $2.30 | $1.82 | -20.9% | $545M | +56.9% |
| Sep 26, 2024 | $-2.48 | $-2.13 | +14.1% | $237M | +1.6% |
| Mar 21, 2024 | $-0.80 | $-0.80 | +0.0% | $324M | -41.4% |
| Dec 14, 2023 | $2.65 | $2.45 | -7.5% | $563M | +73.0% |
| Sep 21, 2023 | $-1.35 | $-2.20 | -63.0% | $229M | -15.0% |
| Mar 23, 2023 | — | $-0.57 | — | $325M | — |
| Dec 15, 2022 | — | $2.12 | — | $588M | — |
| Sep 22, 2022 | — | $-1.33 | — | $263M | — |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q3 FY2026 · March 19, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Successful completion of sale-leaseback transactions for NYC headquarters and Jefferson City Distribution Facility, unlocking over $400 million in net proceeds. • Moved quickly to return cash to shareholders under upsized $150 million share repurchase authorization, nearly exhausted, and announced new $300 million share repurchase authorization. • Book fairs showed strength with growing fair counts, higher revenue per fare, lower cancellations, and launch of Discovery Fairs. • Trade publishing had strong performance from franchises like Dogman and Hunger Games. • Scholastic Entertainment expanded IP reach on digital platforms with increased viewership. • Education segment saw moderating declines as transformation begins. • International segment benefited from global publishing franchises
Guidance
• Fiscal 2026 revenue expected to be approximately flat. • Adjusted EBITDA for fiscal 2026 reaffirmed at $146 to $156 million, including partial year impact from sale-leaseback. • Free cash flow outlook for fiscal 2026 to exceed $430 million. • Fourth quarter expected revenue growth in school reading events and entertainment, partly offset by lower revenues in trade and international. • Anticipate return to profitability in fourth quarter. • Expect incremental tariff expense of approximately $10 million in fiscal 2026
Segment performance
Children's Book Publishing and Distribution: Revenues decreased 3% to $197.6 million in Q3. Book fair revenue increased 2% to $113.3 million, driven by higher revenue per fair. Book club revenues were $14.6 million, relatively flat. Trade Publishing: Revenues were $69.7 million, down 10% due to publishing calendar timing. Entertainment: Revenues increased by $3.2 million to $16 million, driven by increased episodic deliveries. Education: Revenues were $56.1 million, down 2% due to lower spending on supplemental curriculum. International: Revenues were $58.7 million, excluding foreign currency, declined $4.1 million
Analyst Q&A
Q: Looking at rest of fiscal year and Q4, confidence in 2% growth target?
A: Book fairs major factor, positive initial indications; trade timing issue, education gap closing.
Q: Sales pipeline for education solutions in Q4?
A: Expect good summer reading, improvement in sales pipeline, good stuff in line for various programs.
Q: Confidence in hitting adjusted EBITDA guidance?
A: Favorability from cost mitigation actions, fourth quarter typically more profitable.
Q: Entertainment segment revenue growth and green lighting flow through?
A: Solid growth, green lighting activity leading to pre-production and revenue.
Q: Operating income in entertainment segment in Q4?
A: Anticipate little bit of profitability on EBITDA basis in Q4.
Q: Book fairs business KPIs?
A: Number of fairs up, revenue per fair in line/better, less cancellations.
Q: Revenue guidance range narrowing and education growth outlook?
A: Adjustment related to trade dynamics, goal to return education business to growth.
Q: Time to reach net leverage target?
A: Long-term target, not jumping in immediately, comfortable with current position