Scholastic Reports Q2 Revenue of $551.1M, Increases Buyback Authorization to $150M
Reports Q2 revenue $551.1M vs. $544.6M last year. CEO Peter Warwick said, "Scholastic delivered strong performance in the second quarter and successfully executed on key strategic and financial initiatives. Book Fairs delivered a successful back-to-school season, with higher fair count and increased revenue per fair. Trade publishing results were similarly strong...Over the past four years, Scholastic has been remade with a singular purpose: realizing the power of our unmatched brand, IP, channels and balance sheet for long-term growth, impact and value creation...we closed the successful sale-leasebacks of the company's major real estate assets. These transactions unlock over $400M in net proceeds to advance our capital allocation priorities, including returning cash to shareholders. As a first step to deploy this incremental cash, our Board has increased the company's open-market share repurchase authorization to $150M, building on the nearly $500M returned to shareholders and 25% reduction in share count we've achieved since 2021...Under a new management team and a refreshed Board, we have reorganized and rebuilt Scholastic to operate more efficiently, create new ways to reach kids and families...As we enter the second half of FY26, we remain focused on accelerating profitability and value creation. We are affirming our FY26 earnings outlook, before adjustments to reflect the financial impact of the highly accretive sale-leaseback transactions. With the significant progress we are making, we remain focused on continuing to execute our plan, delivering positive impact for children, families and educators, while building sustained value for our shareholders."
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Scholastic Appoints New President, Stock Rises 15%
- Scholastic Appointment: On January 5, Scholastic appointed Jeffrey Mathews as president of Scholastic Education, leading to a 15% stock increase over the past month, currently priced at $33.44, indicating positive developments in the education market.
- Iridium Board Change: Iridium appointed Louis Alterman to its board on December 4, with an 8% stock rise over the past five days, currently at $19.34, reflecting enhanced market confidence due to improved governance.
- Sphere Rating Upgrade: Sphere Entertainment was upgraded from Neutral to Buy by Seaport Global analyst David Joyce on January 9, with a price target of $106, and a 6% stock increase over the past month, currently at $95.26, indicating optimistic market expectations for future growth.
- RSI Indicator Analysis: All three companies show overbought signals, with Scholastic's RSI at 74.5, Iridium at 70.1, and Sphere at 70.2, suggesting investors should be cautious of potential short-term price volatility that may impact trading decisions.
Scholastic Appoints Jeffrey Mathews as President of Education, Enhancing Growth Strategy
- Leadership Change: Scholastic has appointed Jeffrey Mathews as President of Scholastic Education while retaining his role as Chief Growth Officer, aiming to drive long-term growth by enhancing educational content and strategy.
- Market Positioning: Since June 2025, Mathews has served as interim head of the division, during which he has improved business efficiency and profitability by optimizing market execution and simplifying operations.
- Strategic Focus: Mathews stated he will concentrate on deepening the impact in schools and communities by delivering high-impact learning experiences that support educators and unlock student potential.
- Experience Background: With over 30 years of experience in strategy, M&A, and investor relations, Mathews has held several key positions at Scholastic, providing him with valuable industry insights.
