Press Release: Scholastic Reports Q4 and Fiscal 2014 Results and Fiscal 2015 Outlook
Fiscal 2015 Outlook
In fiscal 2015, Scholastic expects revenue growth and enhanced profitability across the majority of its businesses and channels. In its children's book businesses, the Company's outlook reflects expectations for continued growth in its re-positioned book clubs and increased revenue per fair in its book fairs unit. Scholastic also expects the recent success of Minecraft to continue, with two additional titles and a boxed set scheduled for release later this year, as well as new titles in many of its bestselling series, like Captain Underpants® and Star Wars®: Jedi Academy. Additionally, Scholastic intends to extend its leadership position in multiplatform publishing, introducing TombquestTM in early 2015, while creatively promoting its backlist and digital offerings. Sales of the Hunger Games trilogy in both domestic trade and international major markets are expected to decrease in 2015, but will remain a significant contributor to revenue.
- Companies:
- Scholastic Inc.
- Places:
- New York City
- U.S.