Brief: Scholastic Reports Q4 Loss Per Share $0.38

Scholastic

23/07/2020 21:14

July 23 (Reuters) - Scholastic Corp  SCHL.O :
    * SCHOLASTIC REPORTS Q4 AND FISCAL 2020 RESULTS
    * Q4 LOSS PER SHARE $0.38
    * Q4 LOSS PER SHARE $0.23 EXCLUDING ITEMS
    * $100 MILLION COST SAVINGS ACTIONS UNDERWAY IN FY2021
    * SCHOOL DISTRIBUTION CHANNELS SIGNIFICANTLY IMPACTED BY
COVID-19
MANDATED SCHOOL CLOSINGS
    * QTRLY REVENUE $284.0 MILLION VERSUS $470.7 MILLION
    * PLANNING FOR A SLOWER THAN NORMAL START TO 2020-21 SCHOOL
YEAR,
WITH EXPECTATIONS FOR MOST SCHOOLS TO BE OPEN
    * COMPANY EXPECTS REVENUES IN FY2021 TO BE SLIGHTLY BELOW
FY2020
SALES

Source text for Eikon:  ID:nPn58NFMra 
Further company coverage:  SCHL.O 

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