Peter Warwick

“Scholastic continued to advance its fiscal 2027 priorities over the summer while positioned positioning our businesses for an important and promising second quarter.”

“Fiscal 2026 was an important year for Scholastic. It demonstrated the earnings power of the more focused company we've been building and the progress we've made evolving a trusted, century-old company to scale its impact and create long-term value for our shareholders and all stakeholders.”

“In the third quarter, Scholastic advanced our strategy to support long-term growth and enhance shareholder value. A key milestone was the successful completion of our sale leaseback transactions involving our New York City headquarters and Jefferson City distribution facility.”

“Scholastic performs strongly in our important back-to-school season. We delivered 13% adjusted EBITDA growth in the second quarter and have affirmed our FY26 earnings guidance after adjustments for the sale leasebacks that we closed yesterday, which were not assumed in our original guidance.”

“Scholastic had a productive summer as we prepared for the back-to-school season and advanced important initiatives. As expected, our first quarter reflected the normal seasonality of our business with an operating loss in line with previous years.”