---
schema_version: "secwatch.filing_event.v1"
accession: "0000866729-22-000007"
form_type: "8-K"
ticker: "SCHL"
cik: "0000866729"
company_name: "SCHOLASTIC CORP"
filed_at: "2022-03-17T23:59:59+00:00"
generated_at: "2026-06-26T22:12:12.964968+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Scholastic Q3 revenue up 24% to $344.5M; book fairs surge 181%; adjusted operating loss widens

## Summary
- Revenue $344.5M (+24% YoY); operating loss improved to $(19.5)M from $(24.2)M; adjusted operating loss widened to $(16.7)M.
- Book Fairs revenue surged 181% to $76.0M; fair count at ~70% of pre-pandemic levels with higher revenue per fair.
- Education Solutions revenue +16% to $77.2M, driven by $5.7M from New Worlds Reading Initiative and core instructional sales.
- Free cash flow $23.4M vs $5.5M prior year; net cash $295.2M; dividend unchanged at $0.15/share.
- Outlook: Q4 peak season for Education Solutions; expects cost pressures from inflation, logistics, fuel; share repurchases ongoing.

## SEC filing metadata
- accession: 0000866729-22-000007
- form_type: 8-K
- ticker: SCHL
- cik: 0000866729
- company_name: SCHOLASTIC CORP
- filed_at: 2022-03-17T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866729/000086672922000007/0000866729-22-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866729/000086672922000007/schl-20220317.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866729-22-000007
- JSON: https://secwatch.observer/filing/0000866729-22-000007.json
- Plain text: https://secwatch.observer/filing/0000866729-22-000007.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.