"We are off to a great start this year, as schools continue to turn to Scholastic for broad-scale instruction solutions to raise student achievement in the Common Core era," said Scholastic Chairman and CEO Dick Robinson when announcing the Company's first quarter results for Fiscal 2014 this morning.
The results were largely driven by strong sales of Scholastic’s new education technology programs and guided reading programs. Revenue in the first quarter was $276.3 million, compared to $293.4 million a year ago. Scholastic typically records a loss in its fiscal first quarter, when most U.S. schools are not in session and its school book club and book fair businesses generate minimal revenue.
