The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Brendan McCarthy - Sidoti & Company, LLC - Analyst
: Hey, good afternoon, everybody. Thanks for taking my questions here. I just wanted to start off in the Trade channel. I know you mentioned your
pretty favorable outlook on frontlist title sales from the Hunger Games title and the new Dog Man release. Just kind of wondering how we can
think about backlist sales given consumer pressure, but also the prospect that some of these frontlist titles may drive stronger backlist sales of
earlier titles in the series. Just kind of wondering how we can think about that going forward.
Question: Brendan McCarthy - Sidoti & Company, LLC - Analyst
: Got it. Thanks for that insight, Peter. And wanted to turn to Education Solutions, it sounds like this quarter was impacted by a slowdown in sales
at the school level and at the state level. Just curious if you've seen -- has there been a change in the funding level for school districts and states?
Or has it simply just been a case of the states and school districts pausing spending for the moment?
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MARCH 20, 2025 / 8:30PM, SCHL.OQ - Q3 2025 Scholastic Corp Earnings Call
Question: Brendan McCarthy - Sidoti & Company, LLC - Analyst
: Got it. And as a follow-up, looking at funding on the federal level, we've seen headlines around the Department of Education and cutbacks there.
I guess going forward, more from a broad level, do you expect any material changes in funding, I guess, more broadly?
Question: Brendan McCarthy - Sidoti & Company, LLC - Analyst
: That makes sense. And in the Education Solutions business, I know you mentioned a strategic review is in the process, can you provide additional
color on what that might entail? Are you considering a sale or maybe something more internally led?
Question: Brendan McCarthy - Sidoti & Company, LLC - Analyst
: Got it. And one more question for me on the real estate side, and I appreciate the color on the asset base there. Just curious if you can provide
maybe what a collective fair value might be of the warehouse in Missouri as well as the New York City headquarter buildings?
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MARCH 20, 2025 / 8:30PM, SCHL.OQ - Q3 2025 Scholastic Corp Earnings Call
Question: Brendan McCarthy - Sidoti & Company, LLC - Analyst
: Hey, Haji. Good. How are you?
Question: Brendan McCarthy - Sidoti & Company, LLC - Analyst
: Understood, that makes sense. Thanks, Haji. Thanks, Peter. That's all for me.
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