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Shares of educational publishing and media company Scholastic (NASDAQ:SCHL) jumped 4.4% in the afternoon session after it announced a definitive agreement to acquire Cottage Door Press for about $71 million. According to the company’s PR Newswire release, the purchase price is subject to customary adjustments and expands Scholastic’s position in the early childhood book market. Cottage Door is an independent children’s publisher focused on early childhood and novelty formats; Scholastic said the

― Scholastic Corporation (NASDAQ:SCHL), the global children's publishing, education and media company, today announced that it has signed a definitive agreement to acquire Cottage Door Press ("Cottage Door"), a leading independent children's publisher of innovative early childhood books, for approximately $71 million, subject to customary purchase price adjustments.

Scholastic’s third quarter results fell short of Wall Street’s expectations, prompting a negative market reaction. Management attributed the underperformance to the seasonality of its business, with schools out of session and sales particularly light in its Children’s Books and Education divisions. CEO Peter Warwick emphasized that this period typically contributes a small portion of annual revenue, while noting that the quarter also reflected the full impact of sale-leaseback transactions compl

Educational publishing and media company Scholastic (NASDAQ:SCHL) missed Wall Street’s revenue expectations in calendar Q3 2026 (fiscal Q1 2027), with sales falling 3.9% year on year to $216.8 million. Its non-GAAP loss of $3.63 per share was 6.1% below analysts’ consensus estimates.

Shares of educational publishing and media company Scholastic (NASDAQ:SCHL) fell 10.5% in the pre-market session after the company reported a wider adjusted operating loss and a 3.9% decline in revenue for the third quarter of 2026, missing Wall Street's expectations.

Moby summary of Scholastic Corporation's Q1 2027 earnings call

Scholastic (SCHL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

While profitability is essential, it doesn’t guarantee long-term success. Some companies that rest on their margins will lose ground as competition intensifies — as Jeff Bezos said, “Your margin is my opportunity”.