Brief: Scholastic Reports Q1 Revenue Rose 21%

Scholastic

23/09/2021 21:14

Sept 23 (Reuters) - Scholastic Corp  SCHL.O :
    * SCHOLASTIC REPORTS FISCAL 2022 FIRST QUARTER RESULTS
    * Q1 REVENUE ROSE 21 PERCENT TO $259.8 MILLION
    * QTRLY LOSS PER SHARE $0.70
    * CURRENTLY EXPERIENCING STRONG DEMAND FOR ITS PRODUCTS AND
PROGRAMS AS SCHOOLS BEGIN TO RE-OPEN THIS FALL
    * EXPECTS SEQUENTIAL IMPROVEMENTS IN ITS SCHOOL-BASED
DISTRIBUTION
CHANNELS IN EACH QUARTER OF CURRENT FISCAL YEAR
    * FACES CERTAIN HEADWINDS IN FISCAL 2022 WITH HIGHER LABOR
COSTS,
DISCONTINUATION OF CERTAIN COVID-RELATED GOVERNMENT SUBSIDIES
    * FACES CERTAIN HEADWINDS IN FISCAL 2022 WITH INFLATIONARY
PRESSURES THAT COULD IMPACT PAPER, FREIGHT AND OTHER OPERATING
COSTS

Source text for Eikon:  ID:nPnBvyvwa 
Further company coverage:  SCHL.O 

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