---
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"
generated_at: "2026-06-17T19:52:29.845771+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Scholastic Q3 loss widens; cuts FY23 Adjusted EBITDA guidance to $175-185M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866729-23-000006
- JSON: https://secwatch.observer/filing/0000866729-23-000006.json
- Plain text: https://secwatch.observer/filing/0000866729-23-000006.txt

## Key facts
- Earnings Releases
  SCHOLASTIC CORP reported its quarter ended February 28, 2023 results: revenue $324.9 million. Guidance lowered.
  - Period: its quarter ended February 28, 2023
  - Revenue: $324.9 million
  - Guidance: lowered
  - Result: reported results
  source text: * $ (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_url: https://www.sec.gov/Archives/edgar/data/866729/000086672923000006/0000866729-23-000006-index.htm

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