Scholastic FY27 Q1 net loss widens 33% to $71.2 million; revenue falls 4% to $216.8 million
Bitget2026/09/24 20:02- Scholastic posted a fiscal 2027 first-quarter net loss of USD 71.2 million, with diluted loss per share widening to USD 3.77.
- Revenue fell 4% to USD 216.8 million versus the prior-year quarter.
- Operating loss was USD 92.2 million, unchanged year over year.
- Net cash used in operating activities widened to USD 94.6 million, while free cash flow use increased to USD 110.8 million.
- CEO Peter Warwick cited book fair bookings ahead of last year, stronger Entertainment production activity, and pressure on Education budgets and spending.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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