Press Release: Scholastic Reports Q4 and Fiscal 2014 Results and Fiscal 2015 Outlook
Classroom and Supplemental Materials Publishing. Segment revenue in the fourth quarter was $88.2 million, an increase of 5% versus the prior period revenue of $83.7 million, due to increased sales of classroom magazines and summer reading programs. Segment operating income for the quarter was $27.1 million, compared to $25.0 million in the fourth quarter of fiscal 2013. For the fiscal year, segment revenue was $229.6 million, compared to $218.0 million a year ago, a 5% improvement, due to strong sales of classroom magazines, especially the Common Core-aligned print and digital editions of Scholastic News®/Weekly Reader®, and classroom books and summer reading programs. Segment operating income improved by 27% to $37.5 million in fiscal 2014, up from $29.6 million in the prior period.
- Companies:
- Scholastic Inc.
- Places:
- New York City
- U.S.