Scholastic Wraps Up Q3 With Small Revenue Gains

March 2005
Book Publishing Report;3/28/2005, Vol. 30 Issue 12, p1
Trade Publication
The article reports on New York-based Scholastic Corp.'s financial results for the third quarter of fiscal 2005, ended February 28, 2005. The company recorded revenues of $480.8 million, up 2% from the third quarter of fiscal 2004. The publisher reported a razor-thin revenue gain in its Children's Book Publishing & Distribution segment, which earned $272.3 million in the third quarter, compared to $271.5 million in the third quarter of 2003. Operating profit in the children's book unit was $16.5 million, up 56% from the third quarter 2003, partly due to cost-cutting efforts. Currently, Scholastic estimates that 25% of its trade business comes from licensed publishing.


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