SCHL News & Events

Scholastic Corporation announced that Jeffrey Mathews has been appointed President, Scholastic Education, effective immediately, in addition to his current role as Executive Vice President and Chief Growth Officer. Based in New York, Mathews continues to report to Peter Warwick, Scholastic President and CEO. Mathews has served as interim head of the division since June 2025.

Softer than feared CPI data and better than expected results out of Micron overnight had helped restore bullish sentiment recently dented by concerns with debt-fueled AI capex cycle as S&P 500 ended the day up 0.8% while Nasdaq jumped 1.4% - bolstered by Tech, Consumer Discretionary, and Internet names.  Treasury yields also slipped across the curve, with fixed income traders pricing in a higher probability of a two-to-three 2026 rate cut scenario vs. the FOMC's expected one-cut outcome.The opening hour of the evening session is striking a more cautious tone however, with Dow Industrials futures slipping 0.2% and S&P 500 e-minis down a decimal, with  investors reacting to disappointing quarterly update from Nike - while the company beat on earnings and revenue for Q2, its  management forecast Q3 revenue oulook to be down low single digits from last year against consensus estimate of a 1% y/y increase.  Shares of Nike were off by over 10% afterhours, with other athletic apparel names also down.Across commodities, growth worries are dominating again in the Energy space, with WTI Crude Oil reversing the Venezuela-blockade driven rally to retreat below $56 per barrel, while precious metals are consolidating recent gains.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -FedExup 1.4%HEICO Corporationup 1.1%ALSO HIGHER  -WhiteFiberup 12.5% after signing 10-year 40 MW colocation agreement for NC-1 data center campusDOWN AFTER EARNINGS -Nikedown 10.5%; Deckersdown 2.4%, ON Holdingdown 1.6%, Dick's Sportingdown 1.7% in sympathyBlackBerry Limiteddown 6.7%KB Homedown 4.6%Scholasticdown 1.3%

Reports Q2 revenue $551.1M vs. $544.6M last year. CEO Peter Warwick said, "Scholastic delivered strong performance in the second quarter and successfully executed on key strategic and financial initiatives. Book Fairs delivered a successful back-to-school season, with higher fair count and increased revenue per fair. Trade publishing results were similarly strong...Over the past four years, Scholastic has been remade with a singular purpose: realizing the power of our unmatched brand, IP, channels and balance sheet for long-term growth, impact and value creation...we closed the successful sale-leasebacks of the company's major real estate assets. These transactions unlock over $400M in net proceeds to advance our capital allocation priorities, including returning cash to shareholders. As a first step to deploy this incremental cash, our Board has increased the company's open-market share repurchase authorization to $150M, building on the nearly $500M returned to shareholders and 25% reduction in share count we've achieved since 2021...Under a new management team and a refreshed Board, we have reorganized and rebuilt Scholastic to operate more efficiently, create new ways to reach kids and families...As we enter the second half of FY26, we remain focused on accelerating profitability and value creation. We are affirming our FY26 earnings outlook, before adjustments to reflect the financial impact of the highly accretive sale-leaseback transactions. With the significant progress we are making, we remain focused on continuing to execute our plan, delivering positive impact for children, families and educators, while building sustained value for our shareholders."

FY26 free cash flow is forecasted to exceed $430M.