{"schema_version":"secwatch.filing_event.v1","accession":"0000866729-23-000006","form_type":"8-K","ticker":"SCHL","cik":"0000866729","company_name":"SCHOLASTIC CORP","filed_at":"2023-03-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:48.314750+00:00","generated_at":"2026-06-17T19:52:29.845771+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Scholastic Q3 loss widens; cuts FY23 Adjusted EBITDA guidance to $175-185M","bullets":["Revenue $324.9M (-6% YoY); operating loss $27.7M vs loss $19.5M prior year.","Book Fairs revenue +$27.5M to $103.5M; Trade -$11.7M; Book Clubs -$12.8M.","Education Solutions revenue -$7.2M to $70.0M as schools delay purchasing.","Adjusted EBITDA loss $5.4M vs gain $5.9M prior year; FY23 guidance cut to $175-185M from $195-205M.","Board authorized additional $50M for share repurchases; $53M returned to shareholders in Q3."],"urls":{"canonical":"https://secwatch.observer/filing/0000866729-23-000006","json":"https://secwatch.observer/filing/0000866729-23-000006.json","markdown":"https://secwatch.observer/filing/0000866729-23-000006.md","text":"https://secwatch.observer/filing/0000866729-23-000006.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/866729/000086672923000006/0000866729-23-000006-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/866729/000086672923000006/schl-20230323.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T19:52:29.845771+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"923a908ea8dc47c964fdf958601b9f40b87d1529","claim":"SCHOLASTIC CORP reported its quarter ended February 28, 2023 results: revenue $324.9 million. Guidance lowered.","evidence_excerpt":"* $ (26.2) $ (17.0) $ (9.2) (54) % Adjusted EBITDA * $ (5.4) $ 5.9 $ (11.3) (192) % * Please refer to the non-GAAP financial tables attached Revenues decreased $19.6 million to $324.9 million, partly reflecting softening retail demand for children’s books, which impacted Trade sales in the U.S. and major international markets. Despite these headwinds, the Children’s","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/866729/000086672923000006/0000866729-23-000006-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"its quarter ended February 28, 2023"},{"label":"Revenue","value":"$324.9 million"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}