Scholastic creates and distributes children's books and learning content through direct-to-school channels that connect publishers with students. Its products include classroom books, magazines, and reading programs sold via book clubs and in-school book fairs, enabling teachers and schools to purchase directly. The company grows by acquiring other publishers and building strong franchises, such as Grolier and series like The Hunger Games and Captain Underpants. Its goal is to maintain a kid-focused media ecosystem by delivering affordable reading material directly into schools and classrooms through a school-based distribution network.
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New York City, New York
Founded
1977
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Scholastic to acquire Cottage Door Press, a leading, fast-growing innovator in Early Childhood Publishing. Sep 29, 2026, 07:00 ET Transaction Strengthens Scholastic's Position in Early Childhood Publishing and Expands Opportunities for Growth Across Formats and Channels NEW YORK, Sept. 29, 2026 /PRNewswire/ - ― 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. Upon completion, the strategic acquisition will expand Scholastic's position in the early childhood book market, a key focus area for the Company, by adding a proven independent publisher with distinctive strengths in early childhood and novelty formats. The transaction is expected to broaden Scholastic's children's publishing portfolio across formats, categories and channels, creating new opportunities to reach children and families. "Cottage Door is a strong strategic fit for Scholastic and an attractive investment in an important growth area of the children's book market," said Peter Warwick, Scholastic President and Chief Executive Officer. "Dick Maddrell and his team have built one of the fastest growing independent publishers with category-defining formats, concepts and licenses, as well as strong relationships with retailers and families. Bringing their strengths together with Scholastic's trusted brand, publishing expertise, unique school channels and distribution scale creates meaningful opportunities to build on that momentum and create long-term value." Cottage Door is the largest independent children's publisher in the United States and among the fastest-growing in the industry. Since its founding in 2014, Cottage Door has distinguished itself through creative publishing that encourages interaction and discovery, with particular strengths in board and novelty formats, as well as innovative product development supported by strong digital marketing and go-to-market capabilities. "Cottage Door brings a distinctive creative vision to publishing for our youngest readers, with an exceptional ability to develop innovative formats that children want to touch, explore and experience," said Sasha Quinton, President of Scholastic's Children's Book Group. "We have long admired both the creativity of Cottage Door's publishing and the team that brings those books to market. We are thrilled to welcome them to Scholastic and are excited about what we can create together for children and families." Dick Maddrell, Founder and CEO, Cottage Door Press added, "I am incredibly proud of what our team has built over the years, and it was deeply gratifying to see how strongly others valued what we have created. Finding the right home for our brand and our team was an important priority. Scholastic not only understands what makes Cottage Door special, but they share a kid-first culture and can help Cottage Door realize its full potential in this next stage of growth." Following the closing, Cottage Door will be integrated into Scholastic's Children's Book Group and is expected to continue operating with its existing publishing team and entrepreneurial approach, preserving the brand, expertise, creative identity and innovative culture that has driven its success while benefiting from Scholastic's broader capabilities and resources. Transaction Details Under the terms of the definitive agreement, Scholastic will acquire Cottage Door Press for approximately $71 million, before customary purchase price adjustments. Cottage Door's Luna StoryTime products, a line of interactive electronic toys, will be spun off prior to closing and will not be acquired by Scholastic as part of the transaction. The transaction is expected to close by the end of 2026, subject to customary closing conditions, the completion of the pre-closing separation of the Luna StoryTime business, the receipt of required third-party consents and the entry into new license agreements with certain key licensors, as well as approval by shareholders of one of the sellers. Scholastic expects to fund the acquisition with cash on hand and borrowings under its available revolving credit facility. Cottage Door Press generated approximately $45 million in net revenue and was strongly profitable during the twelve months ended May 31, 2026. Scholastic expects the acquisition to contribute to revenue growth and Adjusted EBITDA in fiscal 2027 and to be accretive in its second year following close, including anticipated synergies. Over time, as Scholastic supports Cottage Door's continued growth through its broad distribution platform and realizes manufacturing and operating efficiencies, further financial benefits are expected. Greenhill, a Mizuho affiliate, served as exclusive financial advisor to Cottage Door Press. About Scholastic For more than 100 years, Scholastic Corporation (NASDAQ: SCHL) has been meeting children where they are - at school, at home and in their communities - by creating quality content and experiences, all beginning with literacy. Scholastic delivers stories, characters, and learning moments that empower all kids to become lifelong readers and learners through bestselling children's books, literacy- and knowledge-building resources for schools including classroom magazines, and award-winning, entertaining children's media. As the world's largest publisher and distributor of children's books through school-based book clubs and book fairs, classroom libraries, school and public libraries, retail, and online, and with a global reach into more than 135 countries, Scholastic encourages the personal and intellectual growth of all children, while nurturing a lifelong relationship with reading, themselves, and the world around them. Learn more at www.scholastic.com. About Cottage Door Press Cottage Door Press is a leading publishing company focused on bringing joy, connection, and imagination to readers of all ages. Founded in 2014, the company has grown from a small collection of titles to an expansive catalog that includes beloved children's books, innovative storytelling products, and a range of adult lifestyle and activity titles. Cottage Door Press is committed to enriching lives, one story - or activity - at a time. For more information about Cottage Door Press, visit cottagedoorpress.com or follow us on social media @cottagedoorpress. Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the expected completion, timing and financial benefits of the proposed acquisition of the publishing business of Cottage Door Press, including statements regarding expected contributions to revenue growth, Adjusted EBITDA and accretion. Forward-looking statements are based on management's current expectations and assumptions and are subject to risks, uncertainties and other factors that may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Factors that could cause actual results to differ materially include, among others: * the failure to satisfy, or delay in satisfying, conditions to the closing of the transaction, including the successful completion of the pre-closing separation of the Luna StoryTime business and the need to obtain shareholder approval from one of the Sellers which is anticipated but cannot be assured; * the failure to obtain, or delay in obtaining, required third-party consents or to enter into new license agreements with key licensors on acceptable terms or at all; * unexpected costs, liabilities or delays associated with the transaction or the pre-closing separation; * the failure to successfully integrate Cottage Door's business and retain key personnel following closing; * the possibility that anticipated synergies and other benefits of the transaction may not be realized or may take longer to realize than expected; and * general economic, market and business conditions. The foregoing list of factors is not exhaustive. Additional risks and uncertainties are discussed in Scholastic's filings with the Securities and Exchange Commission, including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date of this press release. Scholastic undertakes no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date hereof, except as required by applicable law. SCHL: Financial SOURCE Scholastic Corporation
Scholastic Corporation has agreed to acquire Cottage Door Press, an independent children's publisher, for approximately $71 million. The transaction will expand Scholastic's presence in the early childhood book market by adding a publisher known for innovative board and novelty formats. Founded in 2014, Cottage Door Press is the largest independent children's publisher in the United States and amongst the fastest-growing in the industry. The company generated approximately $45 million in net revenue during the twelve months ended 31 May 2026 and was strongly profitable. Following completion, Cottage Door will be integrated into Scholastic's Children's Book Group whilst maintaining its existing publishing team and entrepreneurial approach. The transaction is expected to close by the end of 2026, subject to customary closing conditions. Scholastic plans to fund the acquisition with cash on hand and borrowings under its revolving credit facility.
Scholastic Q1 earnings call highlights. September 24, 2026 Key points. * Scholastic's fiscal 2027 first-quarter revenue fell 4% to $216.8 million, while its adjusted operating loss widened to $88.7 million amid higher overhead and continued pressure in Education. * Management cited early strength in fall book fairs and a strong publishing slate featuring Harry Potter, Dog Man and Hunger Games-related releases as key drivers for the upcoming selling periods. * Despite quarterly cash use and a $86.8 million net debt balance, Scholastic reaffirmed full-year guidance for 2%-4% revenue growth, $135 million-$145 million in adjusted EBITDA and $35 million-$40 million in free cash flow. * Five stocks to consider instead of Scholastic. Scholastic NASDAQ: SCHL reported a wider adjusted operating loss in its seasonally slow fiscal 2027 first quarter, while reaffirming its full-year outlook as it enters the back-to-school and holiday selling periods with new releases from major franchises and early strength in book fairs. Revenue declined 4% to $216.8 million from $225.6 million a year earlier. The company recorded an operating loss of $92.2 million, in line with the prior-year period. Adjusted operating loss was $88.7 million, compared with $81.9 million a year earlier, reflecting higher overhead costs that were partly offset by improved results in Entertainment and International. Chief Financial Officer Haji Glover said that, after adjusting the prior-year period for the full-period effects of the company's sale-leaseback transactions, the year-over-year increase in adjusted operating loss was $2 million. Adjusted EBITDA was a loss of $63.6 million, versus a loss of $55.7 million a year earlier; on the company's comparable basis, adjusted EBITDA improved by $0.6 million. Net loss was $71.2 million, or $3.77 per diluted share, compared with a $71.1 million loss, or $2.83 per diluted share, in the prior-year quarter. Adjusted net loss was $68.6 million, or $3.63 per diluted share, compared with $63.3 million, or $2.52 per diluted share, a year earlier. Glover said the per-share loss also reflected fewer shares outstanding following repurchase activity in fiscal 2026. Book fairs and publishing slate. President and Chief Executive Officer Peter Warwick said the first quarter is typically the company's smallest revenue period because schools are largely out of session and school-based book and education sales are limited. He said the company is now positioned for an "important and promising" second quarter. Children's book publishing and distribution revenue declined to $105.8 million from $109.4 million. Book fair revenue was $33.2 million, compared with $34.1 million, primarily due to timing-related effects, while book club revenue increased to $2.1 million from $1.8 million. Warwick said early fall book-fair indicators were strong, with bookings and fair count ahead of the prior year. The company also cited traction among Christian schools and through other extended fair formats as it seeks to reach new school communities. During the question-and-answer session, Warwick said the number of larger-school fairs had increased and that both returning schools and new locations were contributing to the fair count. Discover more Stock Ratings Screener Financial Markets News Consolidated trade revenue fell $3 million to $70.5 million, largely because international co-edition sales recorded in the prior year did not recur. U.S. trade revenue, however, rose 4%, supported by Dav Pilkey titles. The company highlighted a second-quarter schedule that includes an illustrated edition of Harry Potter and the Half-Blood Prince, a new Dog Man title in November, and publishing activity tied to the forthcoming The Hunger Games: Sunrise on the Reaping film adaptation. Warwick said Scholastic is also running a Harry Potter publishing and marketing campaign ahead of a new HBO series planned to premiere around Christmas. Entertainment gains, education pressure. Entertainment revenue increased to $20.1 million from $13.6 million, driven by higher production revenue. The segment's adjusted operating loss narrowed to $1.6 million from $4 million. Glover said the segment's margin profile reflects operating leverage and business mix, as well as fixed depreciation associated with the Self acquisition. The company said production activity and its pipeline of greenlit and contracted projects remained strong. Education revenue declined to $30.4 million from $40.1 million, as school and district spending on curriculum and supplemental materials remained pressured. Glover cited higher staffing and fixed costs, expanding unfunded mandates and the end of ESSER funding in March. The segment's adjusted operating loss widened to $23.3 million from $21.2 million, though the company said cost-structure improvements substantially offset the revenue decline. Scholastic said it is restructuring Education's products and operations, diversifying its customer base and pursuing a go-to-market transformation intended to improve sales productivity. It expects Education revenue trends to improve later in the year, particularly in the second half, based on key opportunity timing and subscription revenue recognition. International performance and outlook. International revenue rose to $60.5 million from $59.4 million. Excluding a $1.2 million favorable foreign-exchange effect, revenue was approximately flat. Adjusted operating loss improved to $2.7 million from $4.1 million, aided by cost management and operating efficiencies. The company expects international revenue growth for the full year, supported by publishing and franchise activity, although operating income is expected to be modestly lower due in part to inflation and higher fuel and freight costs in certain markets. Glover said those costs had already been anticipated in the company's forecast and were incorporated into its reaffirmed guidance. Scholastic used $94.6 million in operating cash flow during the quarter and reported free cash use of $110.8 million. Net debt at quarter-end was $86.8 million, down from $242.8 million a year earlier. The company returned about $29.6 million to shareholders during the quarter, including $25.8 million of share repurchases and $3.8 million in dividends. Approximately $157 million remained authorized for future repurchases as of Aug. 31. Management reaffirmed fiscal 2027 guidance for revenue growth of approximately 2% to 4%, adjusted EBITDA of approximately $135 million to $145 million, and free cash flow of approximately $35 million to $40 million. Scholastic expects year-over-year revenue growth to begin in the second quarter and continue through the remainder of the fiscal year. About Scholastic (NASDAQ:SCHL). Scholastic Corporation is a global children's publishing, education and media company. Founded in 1920 by M. R. Robinson, the company develops and distributes books, classroom materials, digital learning resources and educational media for children, families, teachers and schools. Its publishing portfolio includes original and licensed children's books, series and educational titles, while its education business provides classroom magazines, supplemental curriculum materials, professional learning resources and digital platforms. 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Scholastic Graphix celebrates A decade of Dav Pilkey's Dog Man in 3D. Scholastic Graphix celebrates a decade of Dav Pilkey's Dog Man, with new 3D comics Published Tue, 22 Sep 2026 15:57:08 -0500 Last updated Tue, 22 Sep 2026 16:46:00 -0500 Article summary. * Scholastic Graphix celebrates 10 years of Dav Pilkey's Dog Man as the hit graphic novel series tops 70 million copies sold. * Dog Man: A Sprinkle in Time lands on 3 November, kicking off anniversary festivities for Dav Pilkey's bestselling hero. * New Dog Man Dynamite books launch in 2027, blending comics, puzzles, jokes and retro 3-D glasses for young readers. * Dav Pilkey's Dog Man anniversary also includes Bark to School events and a 10-city US, Canada and UK author tour. Scholastic is marking ten years, or 70 in dog years, of Dav Pilkey's Dog Man, one of the bestselling graphic novel series of all time, with a slate of celebrations, a major author tour, and a new interactive book line launching in 2027. The series that debuted in 2016 has sold more than 70 million copies worldwide and been translated into 50 languages. Every volume has hit the top spot on US bestseller lists upon release. A Dog Man inspired a hit TheaterWorksUSA musical currently touring internationally and a DreamWorks Animation/Universal Pictures feature film that topped the box office. The milestone arrives alongside the publication of Dog Man: A Sprinkle in Time on the 3rd of November. Scholastic is also announcing Dog Man Dynamite, a new collectable series of 48-page interactive paperbacks written and illustrated by Pilkey. The first arrives on the 3rd of August, 2027, with a second in January 2028. Each book mixes original comics, games, puzzles, jokes, surprises, and sneak peeks drawn from upcoming Dog Man, Captain Underpants, and Cat Kid Comic Club projects, and every edition includes retro 3-D glasses designed by Pilkey, who said the project draws directly from his own childhood reading. "The inspiration for Dog Man Dynamite came from my own childhood and a nod to the Dynamite magazines I loved as a kid. I wanted to create more fun reading material that can help expand kids' vocabulary and critical thinking skills. My hope is that Dog Man Dynamite will get kids excited about books and reading without even realising it." And "Bark to School" events at bookstores, libraries, and schools across the U.S. will celebrate the series in the lead-up to the new book's release. In November and December, Pilkey embarks on a 10-city tour across the US, Canada, and the UK, including Vancouver, British Columbia; London, Illinois, Georgia, Missouri, Texas, California, New Jersey, New Hampshire and Pilkey's hometown of Cleveland, Ohio. Fans are encouraged to dress as their favourite characters, meet costumed Dog Man and Captain Underpants, and take photos with Dav Pilkey. Activity stations include "Dav Pilkey's Drawing Wall," where kids can create their own characters and stories. In a nod to the series' recurring theme of "doing good," fans will also be invited to donate extra signed books to literacy partners, local libraries, and schools serving underserved communities. Tour and ticket details are at CelebrateDogMan.com. Ken Geist, VP and Publisher of Pilkey Publishing, said, "For more than four decades, Dav Pilkey has been an inspiring global ambassador for reading. Ten years of Dog Man is a celebration of an extraordinary publishing phenomenon and Dav's enduring influence for kids everywhere to become a reader, an artist, and a force for good." Dog Man follows the "Supa Buddies", the half-dog, half-man hero, the optimistic kitten Li'l Petey, and the artistic robot 80-HD, through slapstick stories of empathy, kindness, forgiveness, and self-acceptance. Pilkey's own path to the series is well known: diagnosed with dyslexia and ADHD in second grade, he began creating comics in the school hallway that eventually grew into Captain Underpants, with more than 90 million copies in print, and later Dog Man. His Cat Kid Comic Club spin-off has sold more than 12 million copies.
Scholastic celebrates A decade of Dav Pilkey's Dog Man, one of the bestselling graphic novel series of all time. Sep 22, 2026, 09:31 ET Celebrations and Author Tour Announced with "Dog Man Dynamite" Coming in 2027 NEW YORK and LONDON and TORONTO and SYDNEY, Sept. 22, 2026 /PRNewswire/ - Scholastic, the world's largest publisher and distributor of children's books, is celebrating a decade* (*70 in dog years!) of Dav Pilkey's Dog Man, the #1 global bestselling graphic novel series that has captured the hearts and imaginations of millions of young readers with its signature blend of humor, heart, adventure, and creativity. With the highly anticipated publication of Dog Man: A Sprinkle in Time on November 3, Scholastic is bringing fans even more ways to celebrate the phenomenally popular canine superhero, with exciting announcements sure to delight kids, families, educators, and retailers worldwide. Dog Man Dynamite, a new and interactive book that brings together the wildly imaginative worlds created by Dav Pilkey, launches on August 3, 2027 with a second title to follow in January 2028. Written and illustrated by Pilkey, each collectible 48-page action-packed adventure invites kids to experience their favorite characters in an immersive new way with original comics, games, puzzles, jokes, surprises, and exclusive sneak peeks from upcoming books. Each paperback edition will include a Dav Pilkey-designed retro 3-D glasses that brings the action to life. Featuring beloved characters and stories from the Dog Man, Captain Underpants, and Cat Kid Comic Club series, this hands-on innovative reading experience will keep kids engaged and turning the page. Dav Pilkey said, "The inspiration for Dog Man Dynamite came from my own childhood and a nod to the Dynamite magazines I loved as a kid. I wanted to create more fun reading material that can help expand kids' vocabulary and critical thinking skills. My hope is that Dog Man Dynamite will get kids excited about books and reading without even realizing it." This fall, Scholastic is inviting readers around the world to celebrate the milestone anniversary of Dog Man with unforgettable "Bark to School" celebration events across the U.S. Leading up to the November 3rd publication of Dog Man: A Sprinkle in Time, bookstores, libraries, and schools will bring kids and families together for special Dog Man festivities celebrating the joy of reading and creativity. In November and December, Dav Pilkey will hit the road for a 10-city Epic Tour across the U.S., Canada, and the U.K., with stops including Vancouver, British Columbia; London, England; Naperville, Illinois; Decatur, Georgia; St. Louis, Missouri; Houston, TX; Santa Cruz, CA; Morristown, New Jersey; Concord, New Hampshire; and Pilkey's hometown of Cleveland, Ohio. Building on Pilkey's history of large-scale, sold-out events, the Epic Tour will transform each stop into an immersive Dog Man celebration, where kids and families can come dressed as their favorite book characters, meet Dog Man and Captain Underpants, and snap photos with the beloved costume characters. Following Dav Pilkey's interactive presentation, fans will also have the opportunity to meet Dav and take a photo with him. There's even more to discover at each tour stop as attendees are invited to explore a variety of activity stations, including "Dav Pilkey's Drawing Wall," where kids can unleash their creativity by drawing their favorite characters and creating stories of their own. Inspired by one of the most enduring messages in the Dog Man books - the importance of "doing good" - attendees will also be encouraged to pay it forward by donating extra signed books to literacy organization partners, local libraries, and schools serving underserved communities. For more information about the tour and tickets, visit www.CelebrateDogMan.com. Ken Geist, VP and Publisher, Pilkey Publishing, said, "For more than four decades, Dav Pilkey has been an inspiring global ambassador for reading. Ten years of Dog Man is a celebration of an extraordinary publishing phenomenon and Dav's enduring influence for kids everywhere to become a reader, an artist, and a force for good." About Dog Man The Dog Man series has made reading fun for kids since it launched to critical acclaim in 2016. A decade after each Dog Man book debuted at #1 on the bestseller list in the U.S., Dog Man has become one of the bestselling graphic novel series of all time, with more than 70 million books in print worldwide and translations in 50 languages. The global phenomenon has expanded far beyond the page, inspiring an acclaimed hit musical from TheaterWorksUSA currently touring internationally, as well as a feature film from DreamWorks Animation and Universal Pictures that topped the box office. Dog Man follows the hilarious adventures of the "Supa Buddies"-Dog Man, his friends Li'l Petey, a curious kitten who embodies love, optimism, and hope, and 80-HD, a robot who expresses himself best through his art-explores universally positive messages including empathy, kindness, and striving to become a better version of one's self, while it also tackles more complex themes including loss, forgiveness, and self-acceptance. About Dav Pilkey Dav Pilkey has created nearly 80 books for children and was awarded a Caldecott Honor for his picture book The Paperboy and a 2026 British Book Award for Best Illustrator. When Dav Pilkey was in second grade, he was diagnosed with dyslexia and what is now widely known as attention deficit hyperactivity disorder (ADHD). Because of his learning and behavioral issues in school, he was often sent out in the hallway. It was in his elementary school hallway where he created comic books about superheroes that eventually became Captain Underpants and Dog Man. Pilkey's pioneering Captain Underpants series was instrumental in creating the illustrated children's chapter book category that is still popular today. Originally launched by Scholastic nearly 30 years ago with the first book The Adventures of Captain Underpants, there are more than 90 million copies of Captain Underpants books in print to date, with translations in 37 languages. Captain Underpants was adapted as a critically acclaimed feature film by DreamWorks Animation as well as an original series on Netflix. Scholastic published Captain Underpants: The First Epic Manga, written and adapted by Pilkey and illustrated by Japanese manga artist Motojiro. Pilkey's Cat Kid Comic Club series, a spin-off of Dog Man which highlights how lessons in creativity often reflect lessons in real life, is also a #1 worldwide bestseller with more than 12 million copies in print and translations in 28 languages to date. Pilkey's first graphic novel, The Adventures of Super Diaper Baby, was published in 2002 (fourteen years before Dog Man was launched), and was an instant national bestseller. For more information about Dav Pilkey and his books, visit, https://mediaroom.scholastic.com/davpilkey. About Scholastic For more information about Scholastic, visit our mediaroom at https://mediaroom.scholastic.com/. SOURCE Scholastic Inc