---
schema_version: "secwatch.filing_event.v1"
accession: "0000866729-22-000020"
form_type: "8-K"
ticker: "SCHL"
cik: "0000866729"
company_name: "SCHOLASTIC CORP"
filed_at: "2022-09-22T23:59:59+00:00"
generated_at: "2026-06-23T08:10:59.684063+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Scholastic Q1 FY2023 revenue up 1% to $262.9M; operating loss widens to $58.1M; FY guidance reaffirmed

## Summary
- Revenue $262.9M, +1.2% YoY; operating loss ($58.1M) vs ($32.0M) year ago.
- Adjusted EBITDA loss of $35.6M vs $13.0M; driven by lower Education Solutions sales and higher freight costs.
- Education Solutions revenue down $6.9M to $73.2M; Book Fairs up $12.3M to $28.3M on reward redemptions.
- Affirms FY2023 guidance: revenue growth 8-10%, Adjusted EBITDA $195M-$205M.
- Acquired Learning Ovations (A2i) post-quarter; paid $5.1M dividends, $5.7M share repurchases.

## SEC filing metadata
- accession: 0000866729-22-000020
- form_type: 8-K
- ticker: SCHL
- cik: 0000866729
- company_name: SCHOLASTIC CORP
- filed_at: 2022-09-22T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866729/000086672922000020/0000866729-22-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866729/000086672922000020/schl-20220922.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866729-22-000020
- JSON: https://secwatch.observer/filing/0000866729-22-000020.json
- Plain text: https://secwatch.observer/filing/0000866729-22-000020.txt

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