---
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"
generated_at: "2026-06-10T11:32:12.023648+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Scholastic Q1 operating loss widens to $99.1M; revenue down 13% to $228.5M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- 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/866729/000086672923000025/0000866729-23-000025-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866729/000086672923000025/schl-20230921.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866729-23-000025
- JSON: https://secwatch.observer/filing/0000866729-23-000025.json
- Plain text: https://secwatch.observer/filing/0000866729-23-000025.txt

## Key facts
- Earnings Releases
  SCHOLASTIC CORP reported fiscal first quarter ended August 31, 2023 results: revenue $228.5 million. Guidance reaffirmed.
  - Period: fiscal first quarter ended August 31, 2023
  - Revenue: $228.5 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: * $ (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_url: https://www.sec.gov/Archives/edgar/data/866729/000086672923000025/0000866729-23-000025-index.htm

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