---
schema_version: "secwatch.filing_event.v1"
accession: "0000866729-24-000006"
form_type: "8-K"
ticker: "SCHL"
cik: "0000866729"
company_name: "SCHOLASTIC CORP"
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T10:59:27.829869+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Scholastic posts Q3 loss of $0.91/share; revenue flat; announces 9 Story Media investment

## Summary
- Q3 revenue $323.7M (flat YoY); operating loss $34.9M vs $27.7M loss; diluted EPS -$0.91 vs -$0.57.
- Consolidated Trade sales up 7% to $77.6M; Book Clubs revenue down 52% to $13.3M due to strategic repositioning.
- Agreed to invest in 9 Story Media Group, acquiring 100% economic interest to expand children's media IP.
- Returned ~$60M to shareholders via $6.1M dividends and $54.2M share repurchases; board added $54.6M buyback authorization.
- Affirmed revised FY2024 guidance; adjusted EBITDA loss $7.2M vs $5.4M loss in prior year.

## SEC filing metadata
- accession: 0000866729-24-000006
- form_type: 8-K
- ticker: SCHL
- cik: 0000866729
- company_name: SCHOLASTIC CORP
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866729/000086672924000006/0000866729-24-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866729/000086672924000006/schl-20240321.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000866729-24-000006
- JSON: https://secwatch.observer/filing/0000866729-24-000006.json
- Plain text: https://secwatch.observer/filing/0000866729-24-000006.txt

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