The company reported that Revenues decreased slightly , over the December to February 28 2023 three months

Introduction:

This report will analyze the financial performance of Scholastic Corporation for the December 2022 to February 2023 period. It will examine the deficit per share, EPS, and revenue figures for the quarter and compare them against the previous year's statistics. Additionally, it will analyze the company's profitability by looking at net deficit figures for the period.

Deficit per Share:

Scholastic Corporation reported a deficit per share of $-0.57 for the December 2022 to February 2023 quarter, indicating a decline compared to the previous year when the deficit per share was $-0.44.
This indicates that the company was not able to generate enough revenue to cover its expenses during the period.

EPS:

The corporation's EPS fell from $2.12 per share in the previous quarter to $-0.57 per share in the December 2022 to February 2023 period. This indicates a considerable drop in earnings, which could be attributed to lower revenue figures.

Revenue:

The company's revenues dropped by -5.689% to $324.90 million from $344.50 million in the same quarter a year before.
Sequentially, revenue tumbled by -44.735% from $587.90 million in the previous quarter. The decline in revenue could be due to various internal and external factors, including lower sales or fierce competition.

Net Deficit:

Scholastic Corporation recognized a net deficit of $-19.30 million for the December 2022 to February 2023 interval, which is higher than the $-15.10 million recorded a year ago.
This implies that the company suffered a greater loss during this period, which is concerning for its shareholders and investors.

Conclusion:

Based on the financial results for the December 2022 to February 2023 period, Scholastic Corporation appears to have struggled financially.
The company experienced declining revenue figures and EPS and recognized a higher net deficit in the period. While there could be various reasons for the decline, it is clear that Scholastic Corporation needs to take measures to improve its financial performance in the future.
Investors and shareholders will wait to see how the company will do in upcoming months, and its financial results on July 21, 2023, will be of interest to all stakeholders.

Scholastic's ROA

Scholastic's Receivables Turnover Ratio

Other SCHL's Earnings Reports

Scholastic reported Q2 of 2023 earnings

Scholastic reported Q1 of 2023 earnings

Scholastic reported Q4 of 2022 earnings