{"schema_version":"secwatch.filing_event.v1","accession":"0000866729-23-000025","form_type":"8-K","ticker":"SCHL","cik":"0000866729","company_name":"SCHOLASTIC CORP","filed_at":"2023-09-21T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.822062+00:00","generated_at":"2026-06-10T11:32:12.023648+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Scholastic Q1 operating loss widens to $99.1M; revenue down 13% to $228.5M","bullets":["Revenues fell 13% to $228.5M; operating loss expanded 71% to $99.1M, including $6.3M one-time charges.","Children's Book Publishing & Distribution segment revenue dropped 18% to $102.8M; Trade revenue down 19% to $72.9M.","Education Solutions revenue down 10% to $66.0M; segment operating loss widened to $18.7M from $4.3M.","Adjusted EBITDA loss of $70.6M vs. $35.6M loss a year ago; free cash use improved to $57.8M from $76.5M.","Company affirms fiscal 2024 guidance; repurchased 818k shares for $36.2M, paid $6.5M dividends."],"urls":{"canonical":"https://secwatch.observer/filing/0000866729-23-000025","json":"https://secwatch.observer/filing/0000866729-23-000025.json","markdown":"https://secwatch.observer/filing/0000866729-23-000025.md","text":"https://secwatch.observer/filing/0000866729-23-000025.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/866729/000086672923000025/0000866729-23-000025-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/866729/000086672923000025/schl-20230921.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T11:32:12.023648+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":"91e2e34630baa1786fccc87aaf189d2972ef84e8","claim":"SCHOLASTIC CORP reported fiscal first quarter ended August 31, 2023 results: revenue $228.5 million. Guidance reaffirmed.","evidence_excerpt":"* $ (91.7) $ (57.9) $ (33.8) (58) % Adjusted EBITDA * $ (70.6) $ (35.6) $ (35.0) (98) % * Please refer to the non-GAAP financial tables attached Revenues decreased 13% to $228.5 million, partly reflecting continued retail softness, which impacted Trade sales in the U.S. and major international markets, as well as the timing and seasonality of sales in Education","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/866729/000086672923000025/0000866729-23-000025-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal first quarter ended August 31, 2023"},{"label":"Revenue","value":"$228.5 million"},{"label":"Guidance","value":"reaffirmed"},{"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"}