Scholastic Corporation purchased 289,624 shares of common stock from the Estate of M. Richard Robinson, Jr., its former Chairman and CEO, for an aggregate price of $11,515,537.13 at $39.7603 per share on August 26, 2026. This transaction utilized approximately 1.6% of outstanding shares and was executed under the company's existing $300 million repurchase authorization, leaving $158.9 million available. The purchase represented a 3% discount to the stock's closing price on the agreement date. Scholastic Corporation operates in the children's publishing and education industry.

Scholastic Corporation reported fiscal 2026 results with revenue decreasing 3% to $1,581.9 million and operating income of $15.2 million. Adjusted EBITDA was $151.5 million, up 4% year-over-year. The company returned $288.6 million to shareholders through dividends and the repurchase of 7,336,966 shares for $268.6 million. For fiscal 2027, the company expects revenue growth of 2% to 4% and Adjusted EBITDA between $135 million and $145 million. Scholastic is a global children's publishing, education and media company.