---
schema_version: "secwatch.filing_event.v1"
accession: "0000866729-23-000041"
form_type: "8-K"
ticker: "SCHL"
cik: "0000866729"
company_name: "SCHOLASTIC CORP"
filed_at: "2023-12-14T23:59:59+00:00"
generated_at: "2026-06-07T13:14:39.437209+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Scholastic's Q2 EPS up 16% to $2.45; cuts FY2024 EBITDA guidance to $165-175M from $190-200M

## Summary
- Revenue $562.6M (-4% YoY); diluted EPS $2.45 (+16%).
- Book Clubs revenue $32.4M (-44% YoY) due to planned reduction in promotional spending.
- Adj EBITDA $124.0M (+1% YoY); operating income $101.3M (+1%).
- Board approved additional $66.2M share repurchase, increasing total authorization to $100M.
- FY2024 guidance cut: revenue flat to slightly down; Adj EBITDA $165-175M vs prior $190-200M.

## SEC filing metadata
- accession: 0000866729-23-000041
- form_type: 8-K
- ticker: SCHL
- cik: 0000866729
- company_name: SCHOLASTIC CORP
- filed_at: 2023-12-14T23:59:59+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/866729/000086672923000041/0000866729-23-000041-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866729/000086672923000041/schl-20231214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866729-23-000041
- JSON: https://secwatch.observer/filing/0000866729-23-000041.json
- Plain text: https://secwatch.observer/filing/0000866729-23-000041.txt

## Key facts
- Earnings Releases
  SCHOLASTIC CORP reported fiscal second quarter ended November 30, 2023 results: revenue $562.6 million, EPS $2.45. Guidance lowered.
  - Period: fiscal second quarter ended November 30, 2023
  - Revenue: $562.6 million
  - EPS: $2.45
  - Guidance: lowered
  - Result: reported results
  source text: ex. one-time items * $ 2.45 $ 2.12 $ 0.33 16 % Adjusted EBITDA * $ 124.0 $ 122.3 $ 1.7 1 % * Please refer to the non-GAAP financial tables attached Revenues decreased 4% to $562.6 million, primarily as a result of reduced, more targeted promotional spending and the elimination of unprofitable orders in Book Clubs, as the channel is repositioned to a smaller, more
  evidence_url: https://www.sec.gov/Archives/edgar/data/866729/000086672923000041/0000866729-23-000041-index.htm

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