Scholastic Fiscal Q3 2026: Revenue Misses Forecasts but EPS Beats on Book Fair Strength

Scholastic reported fiscal Q3 2026 revenue of $329.1 million, a 2% year-on-year decline that missed analyst forecasts, but adjusted EPS of -$0.15 significantly beat the consensus estimate of -$0.37. The Book Fairs division rose 2% to $113.3 million, driven by higher revenue per fair. The company completed over $400 million in sale-leaseback transactions and authorised a $200 million Dutch auction tender offer, signalling a decisive shift toward an asset-light model.