Q1 2025 Scholastic Corp Earnings Call Transcript
Key Points
- First-quarter revenue increased year over year, driven by the acquisition of 9 Story Media Group.
- Seasonal operating loss improved compared to the previous year.
- Strong fall fair bookings with a target of 90,000 fairs in fiscal 2025.
- Positive early responses to new strategies in the book clubs segment.
- Successful integration and positive contribution from 9 Story Media Group in the new entertainment segment.
- First-quarter sales in the education solutions segment declined year over year.
- Lower spending on supplemental curriculum products impacted revenue.
- Trade publishing division faces difficult year-over-year comparisons in the second quarter.
- Net debt increased significantly due to the acquisition of 9 Story Media Group.
- Continued pressures on consumer spending affecting the fairs business.
Good day, and thank you for standing by. Welcome to the Scholastic reports Q1 fiscal year 2025 results conference call. (Operator Instructions) Please be advised that today's conference is being recorded. (Operator Instructions)
I would now like to hand the conference over to your speaker today, Jeffrey Matthews.
Hello, and welcome, everyone, to Scholastic's fiscal 2025 first-quarter earnings call. Today on the call, I'm joined by Peter Warwick, our President and Chief Executive Officer; and Haji Glover, our Chief Financial Officer and Executive Vice President. As usual, we have posted the accompanying investor presentation on our IR website at investor.scholastic.com, which you may download now if you've not already done so.
We'd like to point out that certain statements made today will be forward looking. These forward-looking statements by their nature are subject to various risks and uncertainties, and actual results may differ materially from those
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