Wednesday, July 31, 2019

Scholastic's Earnings Take Big Hit in Fiscal 2019 - Publishers Weekly

Maybe some Cat Wisdom?
Panzer was cleaning out the exhaust of the Panzermobile when he found something wedged in one of the rocket exhaust pipes. Pulling it out our brave kitty discovered it was a post from the Publishers Weekly site about Scholastic.
boo
According to Jim Milliot, Scholastic's 2019 earnings income was down 55 percent. The company says earnings were affected by increased printing, paper and labor costs. Also affecting income was the fact that Scholastic's book club and book fair income were also down.

Panzer says, "Umm ... Sounds like they need another big seller like the Harry Potter books were."

Note: This is a medium length post. Bring a cup of tea and a muffin for today's reading selection.

To read the post tootle over to Scholastic

No comments:

Post a Comment

ShareThis