Last mentioned: Mar 20, 2026
Sale-Leaseback Completion
Company generates >$400M net proceeds from facility asset optimization.
New Capital Return Plan
Announcement of $300M buyback program and $200M modified Dutch auction tender offer.
Buyback Commencement
Scholastic begins repurchasing 4.4M shares under previous $150M authorization.
Darden Restaurants reported strong Q3 2026 results, significantly outperforming industry benchmarks despite commodity pressures and weather disruptions. Meanwhile, Scholastic is undergoing a strategic capital reallocation, utilizing over $400 million in sale-leaseback proceeds to fund an aggressive $300 million share repurchase program.
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.