Scholastic reported a fiscal first-quarter non-GAAP loss of $3.63 per share, missing estimates by $0.21, on revenue of $216.8 million, which fell 3.9% year over year and came in $7.89 million below expectations. The company affirmed its fiscal 2027 outlook for revenue growth of approximately 2% to 4% and Adjusted EBITDA of approximately $135 million to $145 million, a range it said represents growth compared with fiscal 2026 Adjusted EBITDA on a comparable basis, reflecting the full-year impact of the sale-leaseback transactions in both periods. Scholastic also continues to expect Free Cash Flow of approximately $35 million to $40 million. Shares were down 1.50% following the release.
Scholastic CorporationScholastic posted a wider Q1 loss of $3.63/share and revenue fell 3.9% YoY, missing estimates on both lines.
