Book Clubs

Product

Last mentioned: Mar 20, 2026

Timeline

  1. Sale-Leaseback Completion

    Company generates >$400M net proceeds from facility asset optimization.

  2. New Capital Return Plan

    Announcement of $300M buyback program and $200M modified Dutch auction tender offer.

  3. Buyback Commencement

    Scholastic begins repurchasing 4.4M shares under previous $150M authorization.

Stories mentioning Book Clubs 1

other Neutral

Scholastic Unlocks $400M via Asset Sale to Fuel Aggressive Share Buybacks

Scholastic reported a slight revenue dip to $329.1 million in Q3 2026, primarily due to timing shifts in publishing and softness in its education segment. However, the company successfully executed a major sale-leaseback of its facilities, generating over $400 million to fund a massive $300 million capital return program.

2 sources